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Property profile & analytics
OFF-MARKET
Apartment buildings
404 Lee St, Carson City, NV 89706-2695
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US62-1277343
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
6,456 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MFA
APN
002-111-04
UPID
US62-1277343
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lee Street Community LLC · 3 yrs held
Lee Street Community LLC
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
MFA · Carson City, 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 Carson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson City 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,829
Tax year 2024
Assessed value
$124,297
Assessed 2024
Previous assessed
$108,007
+15.1% YoY
Effective rate
2.28%
On assessed value
Assessed land
$56,952
Assessed improvement
$67,345
Land market value
$162,720
Improvement market value
$192,413
Total market value
$355,133
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Heating
BASEBOARD
Stories
2
Bathrooms
10
Total area
6,456 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MFA
APN
002-111-04
UPID
US62-1277343
Jurisdiction
CARSON CITY
Zoning & alternative use
MFA · Carson City, NV
Zoning MFA · permitted uses
MFA · Carson City, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Heating
BASEBOARD
Stories
2
Bathrooms
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Lee Street Community LLC
Entity
Mailing address
3945 CAMINO DEL RIO S FL #2, SAN DIEGO, CA 92108-9600
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Lee Street Community LLC
—
Deed
related
$1,250,000 · Citizens Bank NA
Sep 23, 2022
$1,500,000
Lee Street Community LLC
Pentagon Investment Group LLC
Bargain And Sale Deed
$1,125,000 · Genesis Capital LLC
Nov 8, 2016
$585,000
Pentagon Investment Group LLC
Allen R Lorenz
Bargain And Sale Deed
$438,750 · United FCU
Mar 12, 2007
—
Lorenz Allen R Tr
Lorenz,allen
Quit Claim Deed
related
—
Jul 16, 2004
$650,000
Allen Lorenz
Curutchet,jean & Mary E
Grant Deed
$255,000 · Imperial Capital 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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