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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Industrial properties
23 Industrial Pkwy, Mound House, NV 89706-7751
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0875369
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Total area
15,000 SF
Lot
5.76 ac (250,906 SF)
Zoning code
M1
APN
016-194-33
UPID
US62-0875369
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
$1.43M
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.18M
Owner & transaction history
Richard Alan Merriner · 3 yrs held
Richard Alan Merriner
since 2023
5 recorded transactions
Zoning & alternative use
M1 · Mound House, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+23.5%
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 Mound House submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mound House 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%
$1,545,000
6.5%
$1,425,000
7%
$1,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,200,000
Current use
COMMERCIAL (GENERAL)
$1,485,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$79 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,547
Tax year 2024
Assessed value
$339,341
Assessed 2024
Previous assessed
$236,609
+43.4% YoY
Effective rate
2.52%
On assessed value
Assessed land
$157,500
Assessed improvement
$181,841
Land market value
$450,000
Improvement market value
$519,546
Total market value
$969,546
Applied tax rate
9.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
1
Units
1
Total area
15,000 SF
Lot
5.76 ac (250,906 SF)
Zoning code
M1
APN
016-194-33
UPID
US62-0875369
Jurisdiction
LYON
Zoning & alternative use
M1 · Mound House, NV
Zoning M1 · permitted uses
M1 · Mound House, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mound House. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1995
Heating
NONE
Buildings
1
Units
1
Lot
5.76 ac
Current owner
From public records · entity-resolved
Richard Alan Merriner
Individual
Mailing address
3606 PO BOX 1968TH LN, CARSON CITY, NV 89702-1968
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
Richard Alan Merriner
Richard A Merriner
Intrafamily Transfer
related
—
Feb 2, 2021
—
Richard A Merriner
—
Deed
related
$545,000 · Us Bank NA
Jul 20, 2016
—
Richard A Merriner
—
Deed
related
$656,250 · Western Alliance Bank
Jun 29, 2004
$740,000
Richard A Merriner
Merriner,ruth L
Grant Deed
related
$480,000 · Us Bank NA
—
—
Richard A Merriner
—
Deed Of Trust
related
$112,000 · Us Bank Trust NA
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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