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Property profile & analytics
OFF-MARKET
Estimated value
$9,380,000
Industrial properties
5401 Longley Ln Reno, NV 89511-1818
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0348538
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,830 SF
Lot
4.76 ac (207,215 SF)
Zoning code
ME
APN
025-470-31
UPID
US62-0348538
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
-
Kitchen ENVY Reno Hardware & Home Improvement Kitchen & Bath Showroom
-
Natural Mosaic Tiles General Contractor Renovation Specialist
-
Conway Communications Telecommunications Service
-
Sacromento Overnight Trucking Company
-
Mineral Ventures LLC Industrial Park Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.78M
Blend (final)
Blend
$9.38M
Owner & transaction history
Dig Reno 5401 Longley Bldg A&b LLC · 2 yrs held
Dig Reno 5401 Longley Bldg A&b LLC
since 2024
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
ME · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.8M
+108.9%
Restaurant
$11.4M
+60.3%
Neighborhood: shopping center
$11.2M
+57.4%
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
$9,380,000
ML approach
$9,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,105,000
Current use
COMMERCIAL (GENERAL)
$14,835,000
Change: +109% · Conversion: Difficult
RESTAURANT
$11,385,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,180,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$10,220,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,365,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,185,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$8,405,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$9.38M
Range $8.44M – $10.32M · ±10% · vs last sale $9.38M (Apr 12 2024)
Last sale anchor
$9.38M
Apr 12 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
$337 / 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
$52,497
Tax year 2023
Assessed value
$1,935,697
Assessed 2023
Previous assessed
$1,935,697
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$688,990
Assessed improvement
$1,246,707
Land market value
$1,968,542
Improvement market value
$3,562,020
Total market value
$5,530,562
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
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
27,830 SF
Lot
4.76 ac (207,215 SF)
Zoning code
ME
APN
025-470-31
UPID
US62-0348538
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$14.8M
RESTAURANT
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
4.76 ac
Current owner
From public records · entity-resolved
Dig Reno 5401 Longley Bldg A&b LLC
Entity
Mailing address
6725 VIA AUSTI PKWY STE #365, LAS VEGAS, NV 89119-3553
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$9,378,723
Dig Reno 5401 Longley Bldg A&b LLC
5401 Longley LLC
Bargain And Sale Deed
$6,552,799 · 5401 Longley LLC
Dec 29, 2023
—
Dig Acquisitions LLC
5401 Longley LLC
Agreement Of Sale
—
Dec 30, 2009
—
Ribeiro Johnny A JR Fam Trust
Ribeiro,johnny A JR
Quit Claim Deed
$2,500,000 · Symetra Life Insurance Co
Jan 20, 2000
—
Johnny A Ribeiro
Ribeiro,johnny A
Quit Claim Deed
related
$2,750,000 · Academy Life Insurance Co
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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