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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Flex space
7705 Security Cir Reno, NV 89506-1997
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0030353
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
WOOD
Total area
960 SF
Lot
1.06 ac (46,217 SF)
Zoning code
MS
APN
082-491-11
UPID
US62-0030353
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
-
Reno Tow & Transport Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$337k
Blend (final)
Blend
$530k
Owner & transaction history
Lyons Rv & Boat Storage LLC · 5 yrs held
Lyons Rv & Boat Storage LLC
since 2020
Last sale
$510,001
7 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$510,000
+108.9%
Neighborhood: shopping center
$385,000
+57.4%
Medical building
$335,000
+36.8%
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
$520,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Change: +109% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$385,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$335,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$325,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $510k (Oct 16 2020)
Last sale anchor
$510k
Oct 16 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
$552 / 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
$2,568
Tax year 2023
Assessed value
$76,075
Assessed 2023
Previous assessed
$64,697
+17.6% YoY
Effective rate
3.38%
On assessed value
Assessed land
$52,570
Assessed improvement
$23,505
Land market value
$150,199
Improvement market value
$67,158
Total market value
$217,357
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
960 SF
Lot
1.06 ac (46,217 SF)
Zoning code
MS
APN
082-491-11
UPID
US62-0030353
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
COMMERCIAL (GENERAL)
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$385,000
MEDICAL BUILDING
Est. value
$335,000
AUTO REPAIR, GARAGE
Est. value
$325,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1997
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Lyons Rv & Boat Storage LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 6002, RENO, NV 89513-6002
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
Lyons R V & Boat Storage LLC
—
Deed
related
$845,000 · Heritage Bank Of Nevada
Oct 16, 2020
—
Lyons Rv & Boat Storage LLC
Lovett Family Trust
Grant Deed
related
—
Oct 15, 2020
—
Lyons R V & Boat Storage LLC
Lovell Fmly Trustpt
Grant Deed
—
Feb 29, 2012
—
Lovett Family Trust
Lovett,valerie E
Quit Claim Deed
related
—
Aug 24, 2010
—
Andrei Lovett
Lovett Family Trust
Quit Claim Deed
related
—
Aug 31, 2007
—
Lovett Family Trust
Lovett Landscaping INC
Quit Claim Deed
related
—
Nov 3, 2003
$315,000
Lovett Landscaping INC
West Valley Construction INC
Grant Deed
$252,000 · First National Bank Nevada
Jan 21, 1997
$89,000
West Valley Construction Co In
Trigon Corp
Grant Deed
—
—
—
Andrei Lovett
—
Deed Of Trust
related
$130,000 · Tim R & Deaun R Zasadny
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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