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Property profile & analytics
FOR LEASE
Warehouses
6550 Longley Ln Reno, NV 89511
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0812254
For Lease
1 / 2
$11.40 SF/Yr
6550 Longley Ln, Reno, NV 89511
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
270,950 SF
Lot
14.86 ac (647,302 SF)
Zoning code
IC
APN
025-480-44
UPID
US62-0812254
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
-
Vasko Electric, Inc. Electrical Service General Contractor
-
Atlantic Packaging Industrial Manufacturer Factory
-
illusione cigars Big Box & Wholesale Store
-
Sierra Mattress Company Furniture & Home Goods
-
Burkhart DentalSupply Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.32M
Owner & transaction history
6550 Longley LLC · 5 yrs held
6550 Longley LLC
since 2020
Last sale
$4.2M
6 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
Method
Estimation
Statistic approach
$4,315,000
ML approach
$6,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±10% · vs last sale $4.24M (Aug 7 2020)
Last sale anchor
$4.24M
Aug 7 2020
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
$20 / 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
$283,354
Tax year 2023
Assessed value
$8,490,236
Assessed 2023
Previous assessed
$7,162,646
+18.5% YoY
Effective rate
3.34%
On assessed value
Assessed land
$1,755,807
Assessed improvement
$6,734,429
Land market value
$5,016,590
Improvement market value
$19,241,225
Total market value
$24,257,815
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
For Lease
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
270,950 SF
Lot
14.86 ac (647,302 SF)
Zoning code
IC
APN
025-480-44
UPID
US62-0812254
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
14.86 ac
Current owner
From public records · entity-resolved
6550 Longley LLC
Entity
Free & Clear · 5 yrs held
Mailing address
25258 CABOT RD, LAGUNA HILLS, CA 92653-5504
Ownership since
2020
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
Nov 24, 2020
—
6550 Longley LLC
—
Deed
related
$69,000,000 · State Farm Life Insurance Co
Aug 7, 2020
—
6550 Longley LLC
Longley Commerce Center LLC
Quit Claim Deed
—
Dec 20, 2019
—
Longley Commerce Center LLC
—
Deed
related
$15,404,000 · Fifth Third Bk NA
Mar 8, 2018
$4,239,000
Longley Commerce Center LLC
Capurro-quilici Investments
Grant Deed
$14,350,000 · Fifth Third Bk
Dec 29, 2005
—
Capurro-quilici Investments
Owner Name Unavailable
Quit Claim Deed
related
$278,000 · Private Individual
—
—
Longley Commerce Center LLC
—
Loan Modification
related
$15,404,000 · Fifth Third Bk NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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