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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Industrial properties
40173 Truckee Airport Rd 2 Truckee, CA 96161-4115
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9168023
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2008
Construction
WOOD
Total area
3,723 SF
Lot
0.06 ac (2,577 SF)
APN
107-090-002-000
UPID
US09-9168023
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
-
Epic Smart Homes Electronics & Wireless Store
-
Clayborn Lab Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$1.20M
Owner & transaction history
40173 Truckee Airport Rd 1 And 2 Ll · 4 yrs held
40173 Truckee Airport Rd 1 And 2 Ll
since 2022
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+76.9%
Commercial (general)
$900,000
+59.0%
Medical building
$855,000
+51.4%
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 Truckee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Truckee 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
$1,240,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,000,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$900,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$855,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.60M (Jan 28 2022)
Last sale anchor
$1.60M
Jan 28 2022
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
$321 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,558
Tax year 2024
Assessed value
$1,040,400
Assessed 2024
Previous assessed
$1,040,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$260,100
Assessed improvement
$780,300
Applied tax rate
91.0000
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Units
1
Total area
3,723 SF
Lot
0.06 ac (2,577 SF)
APN
107-090-002-000
UPID
US09-9168023
Jurisdiction
PLACER
Zoning & alternative use
Zoning · permitted uses
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
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$900,000
MEDICAL BUILDING
Est. value
$855,000
RETAIL STORES
Est. value
$835,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2008
Construction
WOOD
Heating
NONE
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
40173 Truckee Airport Rd 1 And 2 Ll
Individual
Mailing address
12177 BUSINESS PARK DR STE #10, TRUCKEE, CA 96161-3342
Ownership since
2022
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
Jan 28, 2022
$1,600,000
40173 Truckee Airport Rd 1 And 2 Ll
Robert L Horvath
Grant Deed
$826,500 · America First FCU
Feb 8, 2017
—
Robert L Horvath
Scardigli Richard L Trust
Grant Deed
—
Feb 8, 2016
—
Horvath,r L & M L 1983 Trust
Horvath,robert L & Maureen L
Quit Claim Deed
related
—
Jan 14, 2011
$940,000
Robert L Horvath
Scardigli Richard L Trust
Grant Deed
$797,000 · Plumas Bank
Feb 10, 2009
—
Scardigli Richard L Trust
Town & Country Busn Park LLC
Grant Deed
$780,000 · Plumas Bank
—
—
Robert L Horvath
—
Deed Of Trust
related
$728,500 · Tri Counties 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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