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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Flex space
8057 Virginia St Reno, NV 89511-8940
Individually Owned
32-yr Hold
Free & Clear
Property ID
US62-0410587
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1948
Construction
FRAME
Total area
1,736 SF
Lot
3.04 ac (132,422 SF)
Zoning code
MS
APN
043-030-16
UPID
US62-0410587
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
-
Ample Self Storage -Self Storage in Reno NV Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$550k
Owner & transaction history
Arroyo,norman L & Gilda M · 32 yrs held
Arroyo,norman L & Gilda M
since 1993
2 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$695,000
+57.4%
Medical building
$635,000
+43.9%
Auto repair, garage
$585,000
+31.9%
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
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$525,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$317 / 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
$26,530
Tax year 2023
Assessed value
$871,214
Assessed 2023
Previous assessed
$766,213
+13.7% YoY
Effective rate
3.05%
On assessed value
Assessed land
$454,201
Assessed improvement
$417,013
Land market value
$1,297,716
Improvement market value
$1,191,466
Total market value
$2,489,182
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
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
10
Stories
1
Units
10
Bathrooms
2
Total area
1,736 SF
Lot
3.04 ac (132,422 SF)
Zoning code
MS
APN
043-030-16
UPID
US62-0410587
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
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
MEDICAL BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$585,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$445,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Units
10
Bathrooms
2
Lot
3.04 ac
Current owner
From public records · entity-resolved
Arroyo,norman L & Gilda M
Individual
Free & Clear · 32 yrs held
Mailing address
8057 S VIRGINIA ST, RENO, NV 89511-8940
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 1993
$550,000
Arroyo,norman L & Gilda M
Arroyo,dolores C
Trustees Deed
related
—
Oct 19, 1993
—
Arroyo,dolores C
Jana Properties
Trustees Deed
related
—
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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