Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Manufacturing properties
204 Edison Way Reno, NV 89502-2306
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0350356
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
METAL FRAME
Total area
16,992 SF
Lot
6.77 ac (295,032 SF)
Zoning code
IC
APN
012-319-13
UPID
US62-0350356
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
Current use
Occupant on record · Public records
-
Havelock Wool Hardware & Home Improvement Building Supply
-
Sixgun Twelvevolt Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.32M
Owner & transaction history
Icegen LLC · 8 yrs held
Icegen LLC
since 2018
5 recorded transactions
Zoning & alternative use
IC · 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
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$77 / 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
$47,388
Tax year 2023
Assessed value
$1,467,173
Assessed 2023
Previous assessed
$1,225,716
+19.7% YoY
Effective rate
3.23%
On assessed value
Assessed land
$872,538
Assessed improvement
$594,635
Land market value
$2,492,965
Improvement market value
$1,698,958
Total market value
$4,191,923
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
METAL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
16,992 SF
Lot
6.77 ac (295,032 SF)
Zoning code
IC
APN
012-319-13
UPID
US62-0350356
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
1962
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6.77 ac
Current owner
From public records · entity-resolved
Icegen LLC
Entity
Mailing address
107 SHORECLIFF RD, CORONA DEL MAR, CA 92625-2646
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
$3,000,000
Icegen LLC
Altair Nanotechnologies INC
Grant Deed
—
Aug 10, 2012
—
Altair Nanotechnologies INC
Altair Nanotechnologies INC
Bargain And Sale Deed
$1,000,000 · Suncrest Homes 30 LLC
Aug 12, 2002
$3,000,000
Altair Nanotcchnologies INC
Bhp Mineral International INC
Grant Deed
$3,000,000 · Bhp Mineral International INC
May 14, 1993
$2,200,000
Bhp Minerals Int'l INC
Hi-shear Technol
Grant Deed
—
—
—
Altair Nanotechnologies INC
—
Loan Modification
related
$987,500 · Suncrest Homes 30 LLC
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 204 Edison 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.
