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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Warehouses
3243 Eastlake Blvd Washoe Valley, NV 89704
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0475691
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
METAL FRAME
Total area
3,200 SF
Lot
1.13 ac (49,049 SF)
Zoning code
GC
APN
050-411-12
UPID
US62-0475691
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Exo Washoe LLC · 5 yrs held
Exo Washoe LLC
since 2021
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
GC · Washoe Valley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+307.0%
Medical building
$1.1M
+230.2%
Auto repair, garage
$1.0M
+194.9%
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 Washoe Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washoe Valley 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
$1,365,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Change: +307% · Conversion: Moderate
MEDICAL BUILDING
$1,120,000
Change: +230% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: +195% · Conversion: Easy
RETAIL STORES
$865,000
Change: +155% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.30M (Jun 30 2021)
Last sale anchor
$1.30M
Jun 30 2021
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
$423 / 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
$3,716
Tax year 2023
Assessed value
$121,657
Assessed 2023
Previous assessed
$106,179
+14.6% YoY
Effective rate
3.05%
On assessed value
Assessed land
$34,337
Assessed improvement
$87,320
Land market value
$98,106
Improvement market value
$249,486
Total market value
$347,592
Applied tax rate
4,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1987
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
3
Total area
3,200 SF
Lot
1.13 ac (49,049 SF)
Zoning code
GC
APN
050-411-12
UPID
US62-0475691
Jurisdiction
WASHOE
Zoning & alternative use
GC · Washoe Valley, NVZoning GC · permitted uses
GC · Washoe Valley, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1987
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.13 ac
Current owner
From public records · entity-resolved
Exo Washoe LLC
Entity
Mailing address
7665 TOWN SQ LN STE #204, RENO, NV 89523-4904
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$1,300,000
Exo Washoe LLC
Wendy Sue Mills
Bargain And Sale Deed
—
Feb 4, 2014
—
Kruse Family Trust
Kruse,thomas E
Quit Claim Deed
related
—
Feb 16, 2010
—
Thomas E Kruse
Kruse,edward
Quit Claim Deed
related
—
May 6, 1996
—
Thomas E Kruse
—
Grant Deed
related
$450,462 · Interwest Bank
Aug 18, 1993
—
Thomas Kruse
Kruse,thomas
Quit Claim Deed
related
$114,031 · Interwest Mortgage
—
—
Thomas E Kruse
—
Deed Of Trust
related
$400,000 · Irwin Union Bank & Trust Co
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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