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Property profile & analytics
OFF-MARKET
Flex space
205 Telegraph St Reno, NV 89502
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-1113972
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
METAL FRAME
Total area
6,160 SF
Lot
1.98 ac (86,249 SF)
Zoning code
IC
APN
012-231-29
UPID
US62-1113972
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gage Village Coml Dev LLC · 15 yrs held
Gage Village Coml Dev LLC
since 2011
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,199
Tax year 2023
Assessed value
$339,061
Assessed 2023
Previous assessed
$276,862
+22.5% YoY
Effective rate
3.01%
On assessed value
Assessed land
$298,849
Assessed improvement
$40,212
Land market value
$853,855
Improvement market value
$114,892
Total market value
$968,747
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1976
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
6,160 SF
Lot
1.98 ac (86,249 SF)
Zoning code
IC
APN
012-231-29
UPID
US62-1113972
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
1976
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Gage Village Coml Dev LLC
Entity
Mailing address
2500 E 2ND ST, RENO, NV 89595-1200
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Am Gsr Holdings LLC
—
Deed
related
—
Jul 2, 2019
—
Am-gsr Holdings LLC
—
Loan Modification
related
$10,500,000 · Bank Of America
Jun 25, 2018
—
Mei-gsr Holdings LLC
—
Loan Modification
related
$95,000,000 · Bank Of America
Aug 7, 2017
—
Am-gsr Holdings LLC
—
Loan Modification
related
$53,500,000 · Bank Of America
Mar 29, 2017
—
Mei-gsr Holdings LLC
—
Loan Modification
related
$75,000,000 · Bank Of America
Aug 26, 2016
—
Mei-gsr Holdings LLC
—
Deed
related
$62,000,000 · Bank Of America
Mar 31, 2011
$42,450,000
Gage Village Coml Dev LLC
Credit Markets R/e Corp
Grant Deed
$25,300,000 · Torrey Pines Bank
Oct 30, 2008
—
Jpmorgan Securities Hldgs
Jp Morgan Coml Mtg Inv
Grant Deed
—
Jun 23, 2006
$141,500,000
Grand Sierra Operating Corp
Fhr Corp
Grant Deed
$223,000,000 · Amaranth LLC
Jul 31, 1992
$83,000,000
Reno Hilton Resort Corporation
Unknown
Grant Deed
—
—
—
Mei-gsr Holdings LLC
—
Loan Modification
related
$75,000 · Bank Of America
—
—
Mei-gsr Holdings LLC
—
Deed Of Trust
related
$40,000,000 · Db Private Wealth Mortgage Ltd
—
—
Mei-gsr Holdings LLC
—
Deed Of Trust
related
$40,000,000 · Db Private Wealth Mortgage Ltd
—
—
Mei-gsr Holdings LLC
—
Deed Of Trust
related
$62,000,000 · Bank Of America
—
—
Am-gsr Holdings LLC
—
Deed Of Trust
related
$62,000,000 · Bank Of America
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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