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Property profile & analytics
OFF-MARKET
Estimated value
$6,800,000
Manufacturing properties
4655 Aircenter Cir Reno, NV 89502-5948
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0344471
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,938 SF
Lot
2.63 ac (114,345 SF)
Zoning code
IC
APN
021-457-20
UPID
US62-0344471
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
$6.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$6.80M
Owner & transaction history
Gaddis Investments LLC · 1 yrs held
Gaddis Investments LLC
since 2024
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
IC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+48.5%
Neighborhood: shopping center
$8.4M
+45.8%
Medical building
$7.3M
+26.7%
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
$6,800,000
ML approach
$6,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,770,000
Current use
RESTAURANT
$8,565,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,410,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$7,310,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,910,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,700,000
Change: +16% · Conversion: Easy
RETAIL STORES
$5,710,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$6.80M
Range $6.12M – $7.48M · ±10% · vs last sale $6.80M (Oct 16 2024)
Last sale anchor
$6.80M
Oct 16 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
$325 / 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
$24,651
Tax year 2023
Assessed value
$936,352
Assessed 2023
Previous assessed
$936,352
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$410,213
Assessed improvement
$526,139
Land market value
$1,172,036
Improvement market value
$1,503,253
Total market value
$2,675,289
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
20,938 SF
Lot
2.63 ac (114,345 SF)
Zoning code
IC
APN
021-457-20
UPID
US62-0344471
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.8M
RESTAURANT
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.7M
RETAIL STORES
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Gaddis Investments LLC
Entity
Mailing address
3128 BUDDING OAKS CT, SPARKS, NV 89436-8465
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
Oct 16, 2024
—
Gaddis Investments LLC
Gaddis Family LLC
Intrafamily Transfer
related
—
Nov 3, 2023
$6,800,000
Gaddis Family LLC
Hamilton Medical INC
Bargain And Sale Deed
—
Apr 18, 2019
$3,215,000
Hamilton Medical INC
Reno A & E LLC
Grant Deed
—
Dec 27, 2012
$2,350,000
Reno A&e LLC
Thomas R Potter
Bargain And Sale Deed
$32,500,000 · Us Bank NA
Feb 8, 2006
—
Potter Thomas R 2006 Trust
Potter,thomas
Quit Claim Deed
related
—
Mar 16, 1994
$370,000
Thomas R Potter
Dermody Industri
Grant Deed
—
Jan 4, 1991
$30,330,821
Dermody Industrial Group
Unknown
Grant Deed
—
—
—
Potter Thomas R 2006 Trust
—
Deed Of Trust
related
$300,000 · Bank Of The West
—
—
Potter Thomas R 2006 Trust
—
Deed Of Trust
related
$2,000,000 · City National Bank
—
—
Thomas Potter
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
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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