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Property profile & analytics
FOR LEASE
Industrial properties
4750 Longley Ln Reno, NV 89502
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0406886
For Lease
1 / 2
$3,630,000
4750 Longley Ln, Reno, NV 89502
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,802 SF
Lot
6.91 ac (300,869 SF)
Zoning code
IC
APN
021-462-13
UPID
US62-0406886
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
-
Sure Fire LLC Fire Station
-
Intermountain Electric Construction Company
-
CRBR Property Damage Services - Restoration & Construction Construction Company
-
VIP Auto Spa/Ceramic Pro Elite Dealer Reno Car Wash
-
pdblowers, Inc. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$3.63M
Owner & transaction history
Icon Reno Property Owner Pool · 11 yrs held
Icon Reno Property Owner Pool
since 2015
7 recorded transactions
Zoning & alternative use
IC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,895,000
6.5%
$4,520,000
7%
$4,195,000
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±10%
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
$70 / 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
$93,146
Tax year 2023
Assessed value
$3,063,383
Assessed 2023
Previous assessed
$2,591,682
+18.2% YoY
Effective rate
3.04%
On assessed value
Assessed land
$974,047
Assessed improvement
$2,089,336
Land market value
$2,782,992
Improvement market value
$5,969,531
Total market value
$8,752,523
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
51,802 SF
Lot
6.91 ac (300,869 SF)
Zoning code
IC
APN
021-462-13
UPID
US62-0406886
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.
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6.91 ac
Current owner
From public records · entity-resolved
Icon Reno Property Owner Pool
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
—
Icon Reno Prop Owner Pool 6 Westsou
—
Deed
related
$1,950,000 · Wells Fargo Bank NA
Jan 5, 2022
—
Icon Reno Prop Owner Pool 6 West So
—
Deed
related
$982,000,000 · Wells Fargo Bank NA
Oct 3, 2019
—
Icon Reno Prop Owner Pool 6 We
—
Grant Deed
related
$865,720,000 · Wells Fargo Bk
Apr 6, 2015
—
Icon Reno Property Owner Pool
Bre Of Reno Property Owner LLC
Trustees Deed
related
$632,000,000 · Goldman Sachs Mtg
Aug 8, 2013
—
Bre Of Reno Property Owner LLC
Prologis Na3 Nv II LLC
Grant Deed
—
Jul 20, 2007
—
Prologis Na3 Nv II LLC
Dp Industrial LLC
Grant Deed
—
—
—
Prologis Na3 Nv II LLC
—
Deed Of Trust
related
$64,577,848 · New York Life Insurance
—
—
Bre Of Reno Property Owner LLC
—
Deed Of Trust
related
$530,000,000 · Wells Fargo Bank
—
—
Dermody Industrial Group
—
Deed Of Trust
related
$11,000,000 · New York Life Insurance
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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