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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Warehouses
56555 State Rte 447 Reno, NV 89510
Individually Owned
17-yr Hold
Free & Clear
Property ID
US62-0494503
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
METAL FRAME
Total area
46,000 SF
Lot
40.01 ac (1,742,836 SF)
Zoning code
GR
APN
071-070-19
UPID
US62-0494503
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.47M
Owner & transaction history
Owner Name Unavailable · 17 yrs held
Owner Name Unavailable
since 2009
6 recorded transactions
Zoning & alternative use
GR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$75 / 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
$10,692
Tax year 2023
Assessed value
$894,243
Assessed 2023
Previous assessed
$750,126
+19.2% YoY
Effective rate
1.20%
On assessed value
Assessed land
$16,800
Assessed improvement
$877,443
Land market value
$48,000
Improvement market value
$2,506,981
Total market value
$2,554,981
Applied tax rate
9,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
2
Total area
46,000 SF
Lot
40.01 ac (1,742,836 SF)
Zoning code
GR
APN
071-070-19
UPID
US62-0494503
Jurisdiction
WASHOE
Zoning & alternative use
GR · Reno, NV
Zoning GR · permitted uses
GR · 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
1994
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
40.01 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 17 yrs held
Mailing address
6140 PLUMAS ST STE #200, RENO, NV 89519-6072
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2009
—
Owner Name Unavailable
Intermountain Fed Land Bk
Grant Deed
—
Feb 27, 2004
$8,000,000
Intermountain Fedl Land Bank
Empire Foods LLC
Trustees Deed
related
—
Dec 9, 1999
—
Empire Foods LLC
—
Deed Of Trust
related
$11,200,000 · Intermountain Fed'l Land Bank
Sep 30, 1997
$8,000,000
Empire Foods LLC
Burns Philp Food INC
Grant Deed
$8,000,000 · Seller
—
—
Empire Energy LLC
—
Deed Of Trust
related
$7,000,000 · Cobank Acb
—
—
Usg Nevada LLC
—
Deed Of Trust
related
$24,553,000 · Benham Constructors LLC
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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