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Property profile & analytics
OFF-MARKET
Flex space
802 4th St Reno, NV 89512-3501
Trust Owned
17-yr Hold
Free & Clear
Property ID
US62-1160649
Property summary
AI-generated overview
This exceptional 52,470 sq ft lot in Reno, Nevada (APN 008-252-13, 008-252-14), presents a prime opportunity for mixed-use development. Located at 802 E 4th St, 89512, this property boasts MU zoning, permitting both multifamily and commercial uses. Its strategic corner location adjacent to the high-frequency transit corridor offers unparalleled access to public transportation, parks, cultural attractions, and the University of Nevada, Reno. The alley access minimizes setbacks, maximizing building footprint potential. The site is ready for development with all utilities already in place. Popular "Four or Five Story over Podium Garage" multifamily designs are well-suited for this location. This is a unique opportunity with seller financing/participation available. The asking price is $2,203,740.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1960
Lot
0.6 ac (26,235 SF)
Zoning code
MU
APN
008-252-14
UPID
US62-1160649
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
Spearhead Family Trust · 17 yrs held
Spearhead Family Trust
since 2009
3 recorded transactions
Zoning & alternative use
MU · 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,552
Tax year 2023
Assessed value
$51,107
Assessed 2023
Previous assessed
$44,892
+13.8% YoY
Effective rate
3.04%
On assessed value
Assessed land
$49,929
Assessed improvement
$1,178
Land market value
$142,653
Improvement market value
$3,366
Total market value
$146,019
Applied tax rate
1,002.0000
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
1960
Heating
NONE
Lot
0.6 ac (26,235 SF)
Zoning code
MU
APN
008-252-14
UPID
US62-1160649
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
1960
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
Spearhead Family Trust
Trust
Free & Clear · 17 yrs held
Mailing address
8820 SPEARHEAD WAY, RENO, NV 89506-9769
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2009
—
Spearhead Family Trust
Forsyth,neil R & Anna M
Quit Claim Deed
related
—
Nov 23, 2005
$370,000
Neil R Forsyth
Pimpl Family Trust
Grant Deed
$348,450 · Bank Of America
—
—
Pimpi Trust
—
Deed Of Trust
related
$182,000 · Nevada State Bank
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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