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    6640 Echo Ave Reno, NV 89506
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    Property profile & analytics

    6640 Echo Ave Reno, NV 89506

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    • Warehouses
    • 429,000 SF
    • 21.62 lot acres
    For Lease
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    6640 Echo Ave, Reno, NV For Lease
    Contact for pricing

    6640 Echo Ave, Reno, NV

    29,750 SF warehouse space for lease in Reno.

    6640 Echo Ave, Reno, NV 89506
    View Listing
    Property ID
    US62-0087333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $39,315,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Urban Outfitters / Clothing Store
    • Cold Chain Technologies / Big Box & Wholesale Store
    • Tempo Fulfillment / Warehouse & Storage
    • Cardinal medical / Warehouse & Storage

    Property Details for 6640 Echo Ave

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    21.62 lot acres
    Property size
    429,000 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    090-040-31
    APU
    9004031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $36,350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $49,220,000
      6.5%
      $45,435,000
      7%
      $42,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $43,364,000
      Market price range: $36.3M - $74.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $57,405,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.9
    Latitude
    39.6525
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $207,181
    $939,413
    $5,363,815
    $6,303,228
    -
    $2,684,036
    $15,325,186
    $18,009,222

    Comparable in this City

    • Value Estimation
      $4,825,000
      50,232 SF

      1095 Standard St

      WAREHOUSE, STORAGE • 50,232 SF
      1095 Standard St, Reno, NV 89506-8663
      View Details
    • Value Estimation
      $26,530,000
      357,500 SF

      9585 Virginia St

      WAREHOUSE, STORAGE • 357,500 SF
      9585 Virginia St, Reno, NV 89506-9188
      View Details
    • Value Estimation
      $18,330,000
      228,547 SF

      9565 Virginia St

      WAREHOUSE, STORAGE • 228,547 SF
      9565 Virginia St, Reno, NV 89506-9153
      View Details
    • Value Estimation
      $12,280,000
      138,048 SF

      9575 Virginia St

      WAREHOUSE, STORAGE • 138,048 SF
      9575 Virginia St, Reno, NV 89506-9120
      View Details
    • Value Estimation
      $670,000
      4,000 SF

      777 Panther Dr

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      777 Panther Dr, Reno, NV 89506-7687
      View Details
    • Value Estimation
      $21,990,000
      259,740 SF

      4615 Echo Ave

      WAREHOUSE, STORAGE • 259,740 SF
      4615 Echo Ave, Reno, NV 89506-1217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,062 SF

      Reno Warehouse with Rail Access

      38,862 SF warehouse with rail access on 8.455 acres.
      14331 Lear Blvd, Reno, NV 89506
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      North Valleys Industrial Building

      144,219 SF industrial building with office space for sale.
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      144,219 SF

      North Valleys Industrial Building

      144,219 SF industrial building with office space for sale.
      14291 Lear Blvd, Reno, NV 89506
      View Details
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      Reno-Stead Airport Leasehold Investment

      Leasehold investment opportunity at Reno-Stead Airport with existing tenant.
      4895 Texas Ave, Reno, NV 89506
      View Details
    • $183,900
      750 SF

      Storage Condo For Sale

      High-end storage condo for boats, RVs, and vehicles.
      25 Panther Dr, Reno, NV 89506
      View Details
    • $165,900
      675 SF

      Storage Condo For Sale

      Commercial condo for storing boats, RVs, and vehicles.
      25 Panther Dr, Reno, NV 89506
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      252,500 SF

      Reno Warehouse Space Available

      252,500 square foot warehouse space for lease in Reno.
      12995 Echo Ct, Reno, NV 89506
      View Details
    • Contact for pricing
      30,000 SF

      Reno Warehouse with Rail Access

      30,000 SF warehouse with Union Pacific rail service.
      12040 Moya Blvd, Reno, NV 89506
      View Details
    • Contact for pricing
      40,000 SF

      Divisible Warehouse Space Available

      Industrial property with flexible space and robust power.
      900 N Hills Blvd, Reno, NV 89506
      View Details
    • $12 SF/Yr
      78,000 SF

      Reno Warehouse Space Available

      78,000 SF warehouse space for lease in Reno, Nevada.
      10900 Trail Dr, Reno, NV 89506
      View Details
    • Contact for pricing

      Industrial Building in North Valleys

      Industrial building with office and warehouse space for sublease.
      10991 Lear Blvd, Reno, NV 89506
      View Details
    • Contact for pricing
      258,066 SF

      Reno Warehouse Space Available

      Large industrial warehouse space available for lease in Reno.
      10713 Trail Dr, Reno, NV 89506
      View Details
    View Listing
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    6640 Echo Ave
    Reno, NV 89506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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