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Property profile & analytics
OFF-MARKET
Warehouses
21 Licht Pkwy, Spring Creek, NV 89815-5662
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0931526
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
3,456 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LI
APN
006-300-030
UPID
US62-0931526
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
Tf Properties LLC · 15 yrs held
Tf Properties LLC
since 2011
5 recorded transactions
Zoning & alternative use
LI · Spring Creek, 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 Spring Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Creek 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,102
Tax year 2024
Assessed value
$79,189
Assessed 2024
Previous assessed
$79,189
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$8,750
Assessed improvement
$70,439
Land market value
$25,000
Improvement market value
$201,254
Total market value
$226,254
Applied tax rate
3.0000
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
1990
Heating
SPACE
Stories
1
Units
1
Total area
3,456 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LI
APN
006-300-030
UPID
US62-0931526
Jurisdiction
ELKO
Zoning & alternative use
LI · Spring Creek, NV
Zoning LI · permitted uses
LI · Spring Creek, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
SPACE
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Tf Properties LLC
Entity
Mailing address
PO BOX 219, LAYTON, UT 84041-0219
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Tf Properties LLC
—
Deed
related
$401,000 · Mountain West Small Business Finance
Jun 1, 2022
—
Tf Properties LLC
—
Deed
related
$770,620 · Cache Valley Bank
Oct 24, 2018
—
Tf Properties LLC
—
Deed
related
$650,000 · Cache Valley Bank
Jun 16, 2011
$184,000
Tf Properties LLC
Smith,daniel & Stacy
Warranty Deed
$150,000 · Zions First National Bank
Dec 3, 2007
$150,000
Daniel Smith
Garrison,gary W & Dorthy
Grant Deed
$140,000 · Great Basin Bank Nv
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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