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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Industrial properties
2890 Vassar St Reno, NV 89502-3223
Entity Owned
12-yr Hold
Free & Clear
Property ID
US62-0362774
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,536 SF
Lot
8.55 ac (372,438 SF)
Zoning code
MA
APN
013-351-05
UPID
US62-0362774
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
-
Sierra Filtration Products, Inc. Big Box & Wholesale Store
-
Tec Communications Electronics & Wireless Store
-
Stitch N Print, Inc. Industrial Manufacturer Production Facility
-
Civil Air Patrol-Nevada Wing Air Force Base
-
ECONO BACKHOE INC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.82M
Owner & transaction history
West Welby Dev LLC · 12 yrs held
West Welby Dev LLC
since 2013
5 recorded transactions
Zoning & alternative use
MA · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$57 / 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
$83
Tax year 2023
Assessed value
$1,858,630
Assessed 2023
Previous assessed
$1,578,547
+17.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,042,826
Assessed improvement
$815,804
Land market value
$2,979,504
Improvement market value
$2,330,869
Total market value
$5,310,373
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
49,536 SF
Lot
8.55 ac (372,438 SF)
Zoning code
MA
APN
013-351-05
UPID
US62-0362774
Jurisdiction
WASHOE
Zoning & alternative use
MA · Reno, NV
Zoning MA · permitted uses
MA · 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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
8.55 ac
Current owner
From public records · entity-resolved
West Welby Dev LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 12490, RENO, NV 89510-2490
Ownership since
2013
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
Dec 3, 2013
—
West Welby Dev LLC
Dermody-adl Properties
Quit Claim Deed
related
—
Feb 15, 2001
$7,500,000
John W Lazovich
—
Grant Deed
related
—
—
—
John W Lazovich
—
Deed Of Trust
related
$390,000 · Sun State Bank
—
—
John W Lazovich
—
Deed Of Trust
related
$528,000 · Sun State Bank
—
—
John W Lazovich
—
Deed Of Trust
related
$525,000 · Sun State Bank
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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