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Property profile & analytics
OFF-MARKET
Flex space
4198 Rewana Way Reno, NV 89502-5128
Entity Owned
10-yr Hold
Property ID
US62-0615286
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1959
Construction
FRAME
Total area
1,524 SF
Lot
1.69 ac (73,791 SF)
Zoning code
ME
APN
025-252-11
UPID
US62-0615286
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
Vega Properties LLC · 10 yrs held
Vega Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
ME · 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,238
Tax year 2023
Assessed value
$201,263
Assessed 2023
Previous assessed
$87,403
+130.3% YoY
Effective rate
2.60%
On assessed value
Assessed land
$179,226
Assessed improvement
$22,037
Land market value
$512,075
Improvement market value
$62,963
Total market value
$575,038
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,524 SF
Lot
1.69 ac (73,791 SF)
Zoning code
ME
APN
025-252-11
UPID
US62-0615286
Jurisdiction
WASHOE
Zoning & alternative use
ME · Reno, NV
Zoning ME · permitted uses
ME · 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.
Building & site characteristics
From public records
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Vega Properties LLC
Entity
Mailing address
4125 CAMINO LINDO WAY, RENO, NV 89502-5928
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2015
$425,000
Vega Properties LLC
Stoltz Ltd
Grant Deed
$388,000 · Wells Fargo Bk
Jun 30, 2014
—
Stolz Ltd
—
Trustees Deed
related
$45,000 · Thomas S Dolan
Aug 22, 2012
—
Stolz Ltd
Stolz Ltd
Quit Claim Deed
$50,000 · First Independent Bank
Sep 5, 2008
—
Stolz Ltd
Genesis Dev INC
Grant Deed
related
—
May 8, 2008
$90,000
Stolz Ltd
Recontrust Co
Trustees Deed
related
—
Jun 6, 2003
$170,970
Scott Nicora
Genesis Dev Enterprises INC
Quit Claim Deed
related
—
—
—
Scott Nicora
—
Deed Of Trust
related
$150,000 · Home Loan Center LLC
—
—
Stolz Ltd
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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