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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Warehouses
3380 Lakeside Ct Reno, NV 89509-4853
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1290330
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
METAL FRAME
Total area
30,000 SF
Lot
2.03 ac (88,557 SF)
Zoning code
GC
APN
019-343-03
UPID
US62-1290330
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
$3.50M
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.50M
Owner & transaction history
Lakeside Court LLC · 1 yrs held
Lakeside Court LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
GC · 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$3,440,000
6.5%
$3,175,000
7%
$2,950,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,760,000
Current use
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Sep 27 2024)
Last sale anchor
$3.50M
Sep 27 2024
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
$117 / 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
$15,983
Tax year 2023
Assessed value
$536,731
Assessed 2023
Previous assessed
$536,731
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$390,536
Assessed improvement
$146,195
Land market value
$1,115,818
Improvement market value
$417,700
Total market value
$1,533,518
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
30,000 SF
Lot
2.03 ac (88,557 SF)
Zoning code
GC
APN
019-343-03
UPID
US62-1290330
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
WAREHOUSE, STORAGE Current
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
1975
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Lakeside Court LLC
Entity
Mailing address
5310 KIETZKE LN STE #205, RENO, NV 89511-2044
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$3,500,000
Lakeside Court LLC
Mad River Investments LLC
Bargain And Sale Deed
—
Feb 21, 2024
—
Mad River Investments LLC
—
Deed
related
$200,000 · Gregory W Stimpson Etux
Jun 25, 2021
$2,760,000
Mad River Investments LLC
Charles S Gardyn
Bargain And Sale Deed
$2,150,000 · Trust Charles S Gardyn
Aug 13, 2014
—
Gardyn,charles S Trust
Gardyn,charles
Quit Claim Deed
related
—
Dec 11, 2008
$1,250,000
Charles Gardyn
Boone M Childrens Trust
Grant Deed
—
Sep 24, 2001
—
Boone Trust
Stateside Investment Joint Ven
Grant Deed
related
$540,000 · Stateside Investment Joint Ven
Mar 1, 1995
$700,000
Stateside Investment Joint Ven
Streeter,jack & Vera
Trustees Deed
—
Mar 1, 1995
$600,000
Stateside Inv Joint Venture
Keller,james H & Marion L
Trustees Deed
$600,000 · Individual
—
—
James H Keller
—
Deed Of Trust
related
$1,100,000 · Northern Nevada Carpenters Pt
—
—
Mwa LLC
—
Deed Of Trust
related
$4,250,000 · Artesia Mortgage Capital Corp
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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