Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5303 Louie Ln Reno, NV 89511-1833
    Back to Search
    Property profile & analytics

    5303 Louie Ln, Reno, NV 89511-1833

    View on Map
    • Industrial properties
    • 23,636 SF
    • 1.76 lot acres
    Off-Market
    Last Sale Aug 14, 2024
    $3,500,000
    Property ID
    US62-0087306
    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
    $2,570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chihuahua Rescue Truckee Meadows, Inc / Pet Adoption Service / Animal Shelter
    • The Flavor Studio / Bar & Pub
    • Uncle Buddy's / Food Processing Plant
    • Corporate Caterers of Reno / Take-out & Catering / Catering Service
    • Wee Paws Playhouse / Pet Store & Service / Veterinary Clinic

    Property Details for 5303 Louie Ln

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.76 lot acres
    Zone code
    IC
    Property type
    Industrial properties
    APN
    025-470-26
    APU
    2547026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 14, 2024 $3,500,000 S3 Louie Lane LLC Ward Pearce Industries LLC Bargain & Sale Deed $2.1M · Symetra Life Insurance Co
    Jul 2, 2013 — Ward Pearce Industries LLC Ship Docker Trust Grant Deed · related —
    Jan 15, 2002 $1,400,000 Pearce Trust Finley Trust Grant Deed $300k · Finley Trust
    — — Finley Trust — Deed Of Trust · related $525k · Norwest Bank Nevada
    — — Pearce,tr — Deed Of Trust · related $502k · Nevada Security Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,235,000
      6.5%
      $2,060,000
      7%
      $1,915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,639,000
      Market price range: $853k - $6.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.768
    Latitude
    39.4749
    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
    $18,696
    $267,873
    $278,375
    $546,248
    -
    $765,350
    $795,358
    $1,560,708

    Comparable in this City

    • Value Estimation
      $1,590,000
      9,649 SF

      5264 Mtn Rnch Rd

      HEAVY INDUSTRIAL
      5264 Mtn Rnch Rd, Reno, NV 89511-8214
      View Details
    • Value Estimation by Request
      1,000 SF

      3550 Barron Way

      INDUSTRIAL (GENERAL)
      3550 Barron Way, Reno, NV 89511-1848
      View Details
    • Value Estimation by Request
      1,000 SF

      3550 Barron Way

      INDUSTRIAL (GENERAL)
      3550 Barron Way, Reno, NV 89511-1848
      View Details
    • Value Estimation by Request

      Meadows Pkwy

      Land
      0 Meadows Pkwy, Reno, NV 89511
      View Details
    • Value Estimation by Request
      1,480 SF

      5475 Reno Corporate Dr

      INDUSTRIAL (GENERAL)
      5475 Reno Corporate Dr, Reno, NV 89511-2329
      View Details
    • Value Estimation
      $2,130,000
      5,440 SF

      9736 Virginia St

      INDUSTRIAL (GENERAL)
      9736 Virginia St, Reno, NV 89511-5926
      View Details

    Similar Nearby for Sale

    • $298,000
      0.98 Acres

      Land Near Mt. Rose Highway

      Nearly 1-acre parcel near Lake Tahoe and Mt. Rose Ski Resort.
      Mountain Haven Ln, Reno, NV 89511
      View Details
    • $269,000
      1.01 Acres

      Land with Mountain and Lake Views

      One-acre homesite with views near Reno, Carson City, and Tahoe.
      640 Sand Cherry Ct, Reno, NV 89511
      View Details
    • Contact for pricing

      Reno Land For Sale

      Land available for sale in Reno, Nevada.
      11335-11355 Virginia St, Reno, NV 89511
      View Details
    • New
      $450,000
      0.65 Acres

      Montreux Treed Homesite Opportunity

      Serene 0.65-acre homesite in Montreux Golf & Country Club.
      20585 Margaux Rd, Reno, NV 89511
      View Details
    • Contact for pricing

      Victory Logistics District Land

      Master-planned industrial center in Northern Nevada for sale.
      Victory Logistics District, Reno, NV 89511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      Pending

      Reno Warehouse Space Available

      Warehouse space for rent at 610 Herz Boulevard, Reno.
      610 Herz Blvd, Reno, NV 89511
      View Details
    • Contact for pricing
      1,177 SF

      Modern Industrial Flex Space Available

      Vacant industrial flex unit ready for immediate occupancy.
      5440 Louie Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      12,500 SF

      Reno Warehouse with Office Space

      7,000 SF warehouse with 600 SF office space.
      895 E Patriot Blvd, Reno, NV 89511
      View Details
    • $1.45 SF/Yr

      Class A Flex Industrial Space

      Flex industrial space with a two-story mezzanine buildout.
      5475 Reno Corporate Dr, Reno, NV 89511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5303 Louie Ln
    Reno, NV 89511-1833
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5303 Louie Ln, Reno, NV, 89511
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!