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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Manufacturing properties
7720 Security Cir Reno, NV 89506-1943
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0354650
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,350 SF
Lot
0.58 ac (25,067 SF)
Zoning code
MS
APN
082-492-04
UPID
US62-0354650
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
-
Buchanan Brothers Carpet (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.45M
Owner & transaction history
Apex Equities 2 LLC · 2 yrs held
Apex Equities 2 LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MS · 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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (May 10 2024)
Last sale anchor
$1.45M
May 10 2024
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
$140 / 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
$11,651
Tax year 2023
Assessed value
$355,686
Assessed 2023
Previous assessed
$355,686
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$28,514
Assessed improvement
$327,172
Land market value
$81,468
Improvement market value
$934,777
Total market value
$1,016,245
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
10,350 SF
Lot
0.58 ac (25,067 SF)
Zoning code
MS
APN
082-492-04
UPID
US62-0354650
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.
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Apex Equities 2 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 818, LAKE OSWEGO, OR 97034-0135
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
$1,450,000
Apex Equities 2 LLC
Wscc Property LLC
Bargain And Sale Deed
—
Jul 24, 2018
—
Wscc Property LLC
—
Deed
related
$200,000 · Brian Shane
Jul 5, 2017
—
Wscc Property LLC
—
Deed
related
$250,000 · Elda Leal
Mar 9, 2017
—
Wscc Property LLC
Wscc INC
Quit Claim Deed
related
—
Jan 8, 2015
—
Wscc INC
Wscc INC
Quit Claim Deed
related
—
Dec 12, 2014
$550,000
Wscc INC
Allen,james R
Grant Deed
$400,000 · James R Allen
Dec 5, 2012
$230,000
James R Allen
Buchanan,mary D
Grant Deed
—
Nov 4, 2009
—
Mary D Buchanan
Buchanan,lyle G JR
Affidavit Of Death
related
—
Jul 21, 1995
—
Lyle J Buchanan
Buchanan,lyle J
Quit Claim Deed
related
$459,000 · American Savings Bank
—
—
Wscc Property LLC
—
Deed Of Trust
related
$250,000 · Elda Leal
—
—
Wscc Property LLC
—
Deed Of Trust
related
$200,000 · Brian Shane
—
—
Wscc Property LLC
—
Deed Of Trust
related
$200,000 · Paul Chim
—
—
Wscc Property LLC
—
Deed Of Trust
related
$300,000 · Richard Shane
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.
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