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Property profile & analytics
OFF-MARKET
Estimated value
$9,975,000
Warehouses
650 Innovation Dr Reno, NV 89511-3283
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1273145
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
159,575 SF
Lot
8.43 ac (367,211 SF)
Zoning code
IC
APN
164-333-03
UPID
US62-1273145
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
-
Ultimate Marine Service & Sales (Bike/Boat/Book/etc) Store
-
West Coast Boat Center Reno (Bike/Boat/Book/etc) Store
-
Creative Touch Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.98M
Owner & transaction history
Standing Stones Holdings LLC · 1 yrs held
Standing Stones Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
IC · 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
$63 / 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
$116,727
Tax year 2023
Assessed value
$3,462,605
Assessed 2023
Previous assessed
$3,462,605
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$996,057
Assessed improvement
$2,466,548
Land market value
$2,845,878
Improvement market value
$7,047,280
Total market value
$9,893,158
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
159,575 SF
Lot
8.43 ac (367,211 SF)
Zoning code
IC
APN
164-333-03
UPID
US62-1273145
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
8.43 ac
Current owner
From public records · entity-resolved
Standing Stones Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5800 LONETREE BLVD STE #201, ROCKLIN, CA 95765-3802
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
Standing Stones Holdings LLC
Ckmr2 LP
Bargain And Sale Deed
—
Sep 14, 2021
—
Four Strands LLC
Christopher Tomaszewski
Bargain And Sale Deed
—
Nov 10, 2020
$364,000
Ckmr2 LP
Michael Massie
Grant Deed
—
Dec 29, 2017
$346,000
Michael Massie
Massie Kids IV Properties LLC
Grant Deed
related
—
Jul 10, 2015
—
Massie Management LLC
Massie C K Family Trust
Quit Claim Deed
related
—
Feb 14, 2007
—
Massie Elizabeth S Trust
Massie,elizabeth S
Quit Claim Deed
related
—
Sep 8, 2006
$13,500,000
Ricky W Massie
Conahan James P Trust
Grant Deed
—
Sep 8, 2006
—
Ricky W Massie
Massie,debra L
Quit Claim Deed
related
—
Aug 29, 2006
—
Panattoni Living Trust
Panattoni,carl D & Mary J
Quit Claim Deed
related
—
Aug 29, 2006
$3,099,000
Carl D Panattoni
Panattoni Properties De LLC
Grant Deed
related
—
Mar 30, 2005
—
Dm Property Investments LLC
Innovation Drive Exchange LLC
Grant Deed
related
—
Jan 5, 2005
$13,366,000
Innovation Drive Exchange LLC
Lainer One
Grant Deed
—
Dec 2, 2004
—
One Lainer
Northwestern Mutual Life Ins C
Quit Claim Deed
related
—
—
—
Shelby Properties De LLC
—
Deed Of Trust
related
$7,900,000 · State Farm Bank Fsb
—
—
Erlach & Allen LLC
—
Deed Of Trust
related
$135,000 · Heritage Bank Nevada
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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