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Property profile & analytics
OFF-MARKET
Manufacturing properties
75 Licht Pkwy Spring Creek, NV 89815-5668
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0925731
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
METAL FRAME
Total area
4,500 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M1
APN
006-30G-001
UPID
US62-0925731
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
by Request
Owner & transaction history
Joe R Culley · 12 yrs held
Joe R Culley
since 2014
5 recorded transactions
Zoning & alternative use
M1 · Spring Creek, 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 Spring Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Creek 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$902
Tax year 2024
Assessed value
$33,605
Assessed 2024
Previous assessed
$33,605
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$8,750
Assessed improvement
$24,855
Land market value
$25,000
Improvement market value
$71,014
Total market value
$96,014
Applied tax rate
3.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,500 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M1
APN
006-30G-001
UPID
US62-0925731
Jurisdiction
ELKO
Zoning & alternative use
M1 · Spring Creek, NVZoning M1 · permitted uses
M1 · Spring Creek, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Joe R Culley
Individual
Free & Clear · 12 yrs held
Mailing address
634 AESOP DR, SPRING CREEK, NV 89815-7037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Apr 3, 2025
—
Joe Ray Culley
—
Deed
related
$231,613 · Rere LLC
Feb 10, 2014
—
Joe R Culley
Culley,shari
Quit Claim Deed
related
—
Jan 31, 2014
—
Joe R Culley
Culley,shari
Quit Claim Deed
related
—
Dec 19, 2006
—
Joe R Culley
Culley,joe R & Shari
Quit Claim Deed
related
—
—
—
Joe R Culley
—
Deed Of Trust
related
$130,000 · Rural Nevada 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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