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Property profile & analytics
OFF-MARKET
Warehouses
2975 Northtowne Ln Reno, NV 89512-2053
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0695570
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
METAL FRAME
Total area
12,000 SF
Lot
4.08 ac (177,855 SF)
Zoning code
NC
APN
026-031-41
UPID
US62-0695570
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Our City Storage Storage Facility
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
Mma Storage LLC · 3 yrs held
Mma Storage LLC
since 2023
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
NC · 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
$79,053
Tax year 2023
Assessed value
$2,373,870
Assessed 2023
Previous assessed
$1,998,849
+18.8% YoY
Effective rate
3.33%
On assessed value
Assessed land
$392,170
Assessed improvement
$1,981,700
Land market value
$1,120,486
Improvement market value
$5,662,001
Total market value
$6,782,487
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
6
Total area
12,000 SF
Lot
4.08 ac (177,855 SF)
Zoning code
NC
APN
026-031-41
UPID
US62-0695570
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NV
Zoning NC · permitted uses
NC · 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
2021
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
4.08 ac
Current owner
From public records · entity-resolved
Mma Storage LLC
Entity
Mailing address
12650 INTERSTATE 80TH E, SPARKS, NV 89434-6665
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
$20,000,000
Mma Storage LLC
Northtowne Self Storage LLC
Bargain And Sale Deed
—
Oct 20, 2022
—
Northtowne Self Storage LLC
—
Deed
related
$11,000,000 · Partners Capital Solutions Reit I LLC
Jan 31, 2020
—
Northtowne Self Storage LLC
Northtowne Self Storage LLC
Intrafamily Transfer
related
$9,500,000 · Buchnan Mortgage Holdings LLC
Sep 7, 2018
—
Northtowne Self Storage LLC
Clark Trust
Grant Deed
$578,000 · John R Blackmon
Sep 5, 2018
$765,000
David B Clark
Western Financial LLC
Grant Deed
—
Sep 5, 2018
—
David B Clark
Clark,debra J
Quit Claim Deed
related
—
Jan 4, 2018
—
Western Financial LLC
Western Financial LLC
Quit Claim Deed
—
Nov 10, 2015
$217,500
Western Finl
Access Ins Svcs INC
Grant Deed
—
May 24, 2011
$300,000
Western Bonding Co
A & H Insurance INC
Grant Deed
—
May 20, 2011
$900,000
A & H Insurance INC
Western Thrift & Ln
Grant Deed
—
Oct 27, 2010
$25,000
Thrift Western
Western Title Co LLC
Trustees Deed
related
—
May 23, 2007
—
Laurel B C Wachtel
Wachtel,james H
Quit Claim Deed
related
—
May 23, 2007
$1,300,000
Aspen Creek Development LLC
C Richard Capurro
Bargain And Sale Deed
$1,000,000 · Western Thrift & Loan
Jul 27, 2004
—
Capurro Trust
Capurro,ralph G
Quit Claim Deed
related
—
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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