Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3555 Airway Dr Reno, NV 89511-1826
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3555 Airway Dr Reno, NV 89511-1826

    View on Map
    • Industrial properties
    • 30,600 SF
    • 1.51 lot acres
    Off-Market
    Property ID
    US62-0464846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunnyside OffRoad / Car Dealership
    • Tahoe Trail Bar / Distribution Center / Logistics Company
    • Drone America / Corporate Office / Factory
    • Clareblend Inc / Factory / Production Facility
    • Holabird Western Americana Collections LLC / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 3555 Airway Dr

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.51 lot acres
    Property size
    30,600 SF
    Zone code
    IC
    Property type
    Industrial properties
    APN
    025-470-67
    APU
    2547067

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,890,000
      6.5%
      $2,670,000
      7%
      $2,480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,370,000
      Market price range: $1.10M - $8.42M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.77
    Latitude
    39.4697
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,608
    $230,587
    $558,853
    $789,440
    -
    $658,820
    $1,596,724
    $2,255,544

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      3550 Barron Way

      INDUSTRIAL (GENERAL) • 1,000 SF
      3550 Barron Way, Reno, NV 89511-1848
      View Details
    • Value Estimation by Request
      2,044 SF

      8555 Double R Blvd Ste, Unit 107

      INDUSTRIAL (GENERAL) • 2,044 SF
      8555 Double R Blvd Ste, Reno, NV 89511-2271
      View Details
    • Value Estimation
      $4,530,000
      15,973 SF

      75 Patriot Blvd

      INDUSTRIAL (GENERAL) • 15,973 SF
      75 Patriot Blvd, Reno, NV 89511-1224
      View Details
    • Value Estimation
      $3,045,000
      10,880 SF

      9744 Virginia St

      INDUSTRIAL (GENERAL) • 10,880 SF
      9744 Virginia St, Reno, NV 89511-5929
      View Details
    • Value Estimation
      $625,000
      5,440 SF

      9736 Virginia St

      INDUSTRIAL (GENERAL) • 5,440 SF
      9736 Virginia St, Reno, NV 89511-5926
      View Details
    • Value Estimation by Request
      1,000 SF

      3550 Barron Way

      INDUSTRIAL (GENERAL) • 1,000 SF
      3550 Barron Way, Reno, NV 89511-1848
      View Details

    Similar Nearby for Sale

    • $298,000
      0.98 Acres

      Land Near Mt. Rose Highway

      Nearly 1-acre parcel near Lake Tahoe and Mt. Rose Ski Resort.
      Mountain Haven Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Reno Land For Sale

      Land available for sale in Reno, Nevada.
      11335-11355 Virginia St, Reno, NV 89511
      View Details
    • $499,900
      0.65 Acres

      Montreux Treed Homesite Opportunity

      Serene 0.65-acre homesite in Montreux Golf & Country Club.
      20585 Margaux Rd, Reno, NV 89511
      View Details
    • $269,000
      1.01 Acres

      Land with Mountain and Lake Views

      One-acre homesite with views near Reno, Carson City, and Tahoe.
      640 Sand Cherry Ct, Reno, NV 89511
      View Details
    • $6,115,824

      Rancharrah Land Opportunity

      Prime land for build-to-suit in Rancharrah Project.
      5301 Kietzke Ln, Reno, NV 89511
      View Details
    • $699,999
      1.18 Acres

      Reno Land with Mountain Views

      1.18 acre lot in Arrowcreek with city and mountain views.
      5728 Indigo Run Dr, Reno, NV 89511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      439,280 SF

      Reno Industrial Space Available

      Large industrial property available for lease in Reno, Nevada.
      3010 Airway Dr, Reno, NV 89511
      View Details
    • Contact for pricing
      12,500 SF

      Reno Warehouse with Office Space

      7,000 SF warehouse with 600 SF office space.
      895 E Patriot Blvd, Reno, NV 89511
      View Details
    • Contact for pricing
      624,000 SF

      Reno Warehouse Space Available

      624,000 square foot warehouse space for rent in Reno.
      8000 N Virginia St, Reno, NV 89511
      View Details
    • Contact for pricing
      1,177 SF

      Modern Industrial Flex Space Available

      Vacant industrial flex unit ready for immediate occupancy.
      5440 Louie Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      34,650 SF

      Reno Warehouse Space Available

      37,125 SF warehouse space for lease in Reno.
      6550 Longley Ln, Reno, NV 89511
      View Details
    • $1.10 SF/Yr
      4,915 SF

      Reno Flex Space Available

      Well-appointed flex space in high-traffic Reno location.
      5301 Longley Ln, Reno, NV 89511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3555 Airway Dr
    Reno, NV 89511-1826
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!