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    4788 Caughlin Pkwy Reno, NV 89519-0907
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    Property profile & analytics

    4788 Caughlin Pkwy, Reno, NV 89519-0907

    View on Map
    • Grocery and convenience stores
    • 48,240 SF
    • 10.98 lot acres
    Off-Market
    Property ID
    US62-0379039
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $10,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DMV Now Kiosk / Department Of Motor Vehicles
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Raley's / Grocery & Convenience Store / Food Market
    • Raley's Pharmacy / Pharmacy
    • Nevada DMV Now Kiosk / Department Of Motor Vehicles / Kiosk

    Property Details for 4788 Caughlin Pkwy

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.98 lot acres
    Zone code
    PD
    Property type
    Grocery and convenience stores
    APN
    041-243-09
    APU
    4124309

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 18, 2025 — So Caughlin Ranch LLC — Deed · related $85M · Equitable Fincl Life Ins Co Of America
    Oct 9, 2019 — So-caughlin Ranch LLC — Grant Deed · related $15.8M · Citi R/e Fndg INC
    Aug 29, 2018 $18,000,000 So-caughlin Ranch LLC Mlcfc 2006-4-4788 Caughlin Pkw Grant Deed —
    Aug 23, 2018 — Scolaris Warehouse Markets In Mlcfc 2006-4-4788 Caughlin Par Grant Deed · related —
    Oct 25, 2017 $3,900,000 Mlcfc 2006-4-4788 Caughlin Pkw Sbs Trust Deed Ntwk INC|pk III Caughlin Ranch LLC Trustees Deed · related —
    Jan 24, 2007 $24,340,500 Kimco Realty Corp Pan Pacific Retail Props INC Grant Deed —
    — — Sutro Street Business Park LLC — Deed Of Trust · related $1.3M · Kinecta FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,175,000
      6.5%
      $9,390,000
      7%
      $8,720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,193,000
      Market price range: $2.09M - $7.19M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,400,000
      Current use
      MEDICAL BUILDING
      $16,835,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $16,235,000
      Change: +31% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $15,925,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $12,790,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.854
    Latitude
    39.4833
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $156,243
    $1,757,870
    $2,780,592
    $4,538,462
    -
    $5,022,486
    $7,944,548
    $12,967,034

    Comparable in this City

    • Value Estimation by Request
      3,732 SF

      4780 Caughlin Pkwy

      FINANCIAL BUILDING
      4780 Caughlin Pkwy, Reno, NV 89519-0907
      View Details
    • Value Estimation
      $1,025,000
      5,944 SF

      4798 Caughlin Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      4798 Caughlin Pkwy, Reno, NV 89519-1006
      View Details
    • Value Estimation
      $5,585,000
      23,396 SF

      4102 Caughlin Pkwy

      GYM, HEALTH SPA
      4102 Caughlin Pkwy, Reno, NV 89519-0608
      View Details
    • Value Estimation
      $815,000
      6,575 SF

      3890 Mayberry Dr

      SHOPPING CENTER, STRIP CENTER
      3890 Mayberry Dr, Reno, NV 89519-2197
      View Details
    • Value Estimation
      $625,000
      2,192 SF

      4101 Caughlin Sq

      DENTAL BUILDING
      4101 Caughlin Sq, Reno, NV 89519-0921
      View Details
    • Value Estimation by Request
      1,080 SF

      6165 Ridgeview Ct Ste A

      OFFICE BUILDING
      6165 Ridgeview Ct Ste A, Reno, NV 89519-6332
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,406 SF

      Retail Space in Reno Center

      Retail space available in Reno, Nevada shopping center.
      4790-4792 Caughlin Pkwy, Reno, NV 89519
      View Details
    • Contact for pricing
      688 SF

      Professional Office Space Available

      Two-story office building in Meadowood Submarket with recent interior improvements.
      6100 Plumas St, Reno, NV 89519
      View Details
    • Contact for pricing
      206 SF

      Office Space in Reno, NV

      Office space available for lease in Reno, Nevada.
      4747 Caughlin Pkwy, Reno, NV 89519
      View Details
    • Contact for pricing
      3,421 SF

      Class A Office Space Available

      Class A office building in prime Reno location for lease.
      6005 Plumas St, Reno, NV 89519
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      10,721 SF

      Reno Office Space For Lease

      10,721 square foot office space available for lease.
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      Office Suite with Lobby Visibility

      Office suite featuring a waiting room and conference rooms.
      6005 Plumas St, Reno, NV 89519
      View Details
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    Reno, NV 89519-0907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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