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Property profile & analytics
FOR LEASE
Industrial properties
5635 Riggins Ct Reno, NV 89502
Entity Owned
~
Est. High Equity
Property ID
US62-0458932
For Lease
1 / 6
$1,870,000
5635 Riggins Ct, Reno, NV 89502
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,204 SF
Lot
2.16 ac (94,177 SF)
Zoning code
MU
APN
025-552-11
UPID
US62-0458932
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
-
Patriot Plumbing Plumbing Service General Contractor
-
Sprinkler Parts Authority Agricultural Supply
-
Beth Williams, P.T. Veterinary Clinic
-
K9 Wellness Center Physician
-
ALLGROUND Jiu Jitsu Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.87M
Owner & transaction history
Brep Tramview Riggins Spe LLC
Brep Tramview Riggins Spe LLC
since 2026
7 recorded transactions
Zoning & alternative use
MU · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$48 / 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
$24,877
Tax year 2023
Assessed value
$728,633
Assessed 2023
Previous assessed
$728,633
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$296,654
Assessed improvement
$431,979
Land market value
$847,584
Improvement market value
$1,234,225
Total market value
$2,081,809
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
39,204 SF
Lot
2.16 ac (94,177 SF)
Zoning code
MU
APN
025-552-11
UPID
US62-0458932
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Brep Tramview Riggins Spe LLC
Entity
Mailing address
490 HOT SPGS RD, CARSON CITY, NV 89706-1609
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$15,100,000
Brep Tramview Riggins Spe LLC
Lucas Homes And Development LLC
Bargain & Sale Deed
$10,500,000 · Augustar Life Insurance Company
Oct 10, 2025
—
Lucas Homes And Development LLC
—
Deed
related
$7,300,000 · City National Bank
Apr 24, 2024
—
Lucas Homes And Development LLC
Stan Lucas
Intrafamily Transfer
related
—
Dec 28, 2021
—
Stanley H Lucas
—
Deed
related
$7,300,000 · City National Bank
Feb 23, 2018
—
Stan Lucas
—
Grant Deed
related
$4,500,000 · City Nat'l Bk
Feb 2, 2018
—
Stan Lucas
5635 & 5655 Riggins Court LLC
Grant Deed
—
Mar 29, 2017
$5,365,000
5635 & 5655 Riggins Court LLC
Davbyn LLC
Grant Deed
—
Dec 30, 2013
—
Davbyn LLC
Johnson,david M
Grant Deed
—
Jan 31, 2012
—
David M Johnson
Johnson,sarah C
Quit Claim Deed
related
$1,920,000 · Roseville Bank Of Commerce
Nov 14, 2005
—
David M Johnson
Hulse-kinsey Trust
Grant Deed
related
—
Dec 29, 2004
—
Hulse-kinsey Trust
Curtis,elizabeth K
Affidavit Of Death
related
—
Jan 25, 2002
—
Curtis Trust
—
Deed Of Trust
related
$2,300,000 · Redding Bank Of Commerce
May 18, 1995
$273,500
Jahn,howard
Jpi V LP
Trustees Deed
—
May 18, 1995
$2,113,500
Hulse-kinsey Trust
Jpi V LP
Trustees Deed
$500,000 · Truckee River Bank
May 18, 1995
—
Howard Jahn
Jahn,marsha G
Quit Claim Deed
related
—
Apr 30, 1993
$1,975,000
Jpi V LP
Crown Life Insur
Grant Deed
$1,500,000 · Crown 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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