Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,090,000
Warehouses
1955 Timber Way Reno, NV 89512-1617
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0429907
Property summary
AI-generated overview
This exceptional 48,035-square-foot warehouse, located at 1955 Timber Way in Reno, Nevada, presents a significant opportunity for industrial businesses. Built in 1964, this single-story building sits on a 2.61-acre lot in Washoe County and features a 22-foot ceiling height, ideal for various storage and operational needs. The property boasts one loading dock, three drive-in doors, and ample parking with 50 spaces. Currently configured as a single suite, there is potential for multiple tenants, with up to 45,300 square feet of contiguous space available by combining with adjacent units. The warehouse includes robust power capabilities (1,200 AWG/480 VAC plus 208, 120, and 200 AWG) and central air conditioning. Roll-up doors offer convenient access, with dimensions of 16' wide by 18' high and 14' wide by 20' high. Building services, property taxes, and utilities are not included in the lease cost. This prime Reno location offers easy access to major transportation routes and is well-suited for a variety of industrial uses. One space of 23,940 square feet is currently available.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,360 SF
Lot
1.8 ac (78,234 SF)
Zoning code
ME
APN
004-130-65
UPID
US62-0429907
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
$6.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.03M
Blend (final)
Blend
$6.09M
Owner & transaction history
1955 Timber Way Property LLC · 3 yrs held
1955 Timber Way Property LLC
since 2023
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
ME · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+171.1%
Neighborhood: shopping center
$8.6M
+166.2%
Medical building
$7.5M
+131.3%
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
$6,085,000
ML approach
$6,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,740,000
Change: +171% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,580,000
Change: +166% · Conversion: Moderate
MEDICAL BUILDING
$7,455,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,190,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,050,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$6,035,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$6.09M
Range $5.48M – $6.70M · ±10% · vs last sale $6.65M (May 2 2023)
Last sale anchor
$6.65M
May 2 2023
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
$285 / 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
$17,576
Tax year 2023
Assessed value
$518,922
Assessed 2023
Previous assessed
$444,365
+16.8% YoY
Effective rate
3.39%
On assessed value
Assessed land
$191,673
Assessed improvement
$327,249
Land market value
$547,638
Improvement market value
$934,997
Total market value
$1,482,635
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
21,360 SF
Lot
1.8 ac (78,234 SF)
Zoning code
ME
APN
004-130-65
UPID
US62-0429907
Jurisdiction
WASHOE
Zoning & alternative use
ME · Reno, NV
Zoning ME · permitted uses
ME · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.0M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
1955 Timber Way Property LLC
Entity
Mailing address
2 GREGORY LN, NEWTOWN SQUARE, PA 19073-1518
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$6,650,000
1955 Timber Way Property LLC
Timber Guys LLC
Bargain And Sale Deed
$4,150,000 · Timber Guys LLC
Jul 1, 2021
—
Timber Guys LLC
—
Deed
related
$894,882 · The Lepori Family Trust
Jun 2, 2017
$165,000
Timber Guys LLC
Capitol
Bargain And Sale Deed
$1,320,000 · United FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1955 Timber Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
