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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Warehouses
570 Kietzke Ln Reno, NV 89502-1504
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1244690
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
METAL FRAME
Total area
8,154 SF
Lot
0.59 ac (25,672 SF)
Zoning code
GC
APN
012-201-31
UPID
US62-1244690
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
-
Apex Saw & Tool (Bike/Boat/Book/etc) Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.65M
Owner & transaction history
Piccinini Properties LLC · 1 yrs held
Piccinini Properties LLC
since 2024
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+114.7%
Neighborhood: shopping center
$3.3M
+110.8%
Medical building
$2.8M
+83.1%
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
$2,650,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,335,000
Change: +115% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,275,000
Change: +111% · Conversion: Moderate
MEDICAL BUILDING
$2,845,000
Change: +83% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,690,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,610,000
Change: +68% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,245,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.65M (Oct 18 2024)
Last sale anchor
$2.65M
Oct 18 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
$325 / 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
$12,547
Tax year 2023
Assessed value
$384,003
Assessed 2023
Previous assessed
$384,003
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$130,285
Assessed improvement
$253,718
Land market value
$372,244
Improvement market value
$724,908
Total market value
$1,097,152
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
8,154 SF
Lot
0.59 ac (25,672 SF)
Zoning code
GC
APN
012-201-31
UPID
US62-1244690
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2006
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Piccinini Properties LLC
Entity
Mailing address
490 KIETZKE LN, RENO, NV 89502-1419
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$2,650,000
Piccinini Properties LLC
Lane And Chad Properties LLC
Bargain And Sale Deed
—
Dec 16, 2005
$475,000
Lane & Chad Properties LLC
R Michael Lee
Bargain And Sale Deed
$308,706 · First Independent Bank Of Nevada
Nov 17, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Lane & Chad Properties LLC
—
Deed Of Trust
related
$964,000 · Bank Of America
—
—
Lane & Chad Properties LLC
—
Deed Of Trust
related
$772,000 · Nevada State Development Corp
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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