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Property profile & analytics
OFF-MARKET
Estimated value
$19,640,000
Warehouses
1910 Mccarran Blvd, Reno, NV 89502-9512
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0751899
Property summary
AI-generated overview
This exceptional 206,648-square-foot warehouse, constructed in 2022, is situated on an expansive 11.44-acre lot in Reno, Nevada. The single-story building boasts a 32-foot clear ceiling height, providing ample vertical space for various industrial uses. The property features 34 dock-high doors, ensuring efficient loading and unloading, complemented by two drive-in doors. With a total of 122 parking spaces available, accommodating employees and visitors is effortless. Currently configured for multiple tenants, there is one space available for lease, measuring 50,000 square feet. The property is zoned I - Industrial, allowing for a wide range of industrial operations. The column spacing is 52 feet by 59 feet. The lease cost excludes building services, property taxes, and utilities
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
205,400 SF
Lot
11.44 ac (498,457 SF)
Zoning code
PD
APN
240-081-07
UPID
US62-0751899
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.64M
Owner & transaction history
Mccarran Farms Reno Building 3 LLC · 1 yrs held
Mccarran Farms Reno Building 3 LLC
since 2024
1 recorded transaction
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,565,000
6.5%
$21,755,000
7%
$20,200,000
Blend value · Realmo final
$19.64M
Range $17.68M – $21.60M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$204,023
Tax year 2023
Assessed value
$5,982,467
Assessed 2023
Previous assessed
$3,048,447
+96.2% YoY
Effective rate
3.41%
On assessed value
Assessed land
$1,133,990
Assessed improvement
$4,848,477
Land market value
$3,239,970
Improvement market value
$13,852,790
Total market value
$17,092,760
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
205,400 SF
Lot
11.44 ac (498,457 SF)
Zoning code
PD
APN
240-081-07
UPID
US62-0751899
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
11.44 ac
Current owner
From public records · entity-resolved
Mccarran Farms Reno Building 3 LLC
Entity
Mailing address
5500 EQUITY AVE, RENO, NV 89502-2343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
—
Mccarran Farms Reno Building 3 LLC
—
Deed
related
$850,000 · The Northwestern Mutual Life Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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