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Property profile & analytics
OFF-MARKET
Estimated value
$20,795,000
Warehouses
850 Hls Blvd Reno, NV 89506-6776
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0404180
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
131,537 SF
Lot
16.61 ac (723,706 SF)
Zoning code
SPD
APN
088-241-02
UPID
US62-0404180
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
$13.93M
Comparable Approach
Comparable
$22.69M
Blend (final)
Blend
$20.80M
Owner & transaction history
Ba Leasing Bsc LLC · 3 yrs held
Ba Leasing Bsc LLC
since 2022
Last sale
$20.3M
6 recorded transactions
Zoning & alternative use
SPD · 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
$19,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,090,000
6.5%
$13,930,000
7%
$12,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,600,000
Current use
Blend value · Realmo final
$20.80M
Range $18.72M – $22.87M · ±10% · vs last sale $20.34M (Dec 6 2022)
Last sale anchor
$20.34M
Dec 6 2022
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
$158 / 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
$141,664
Tax year 2023
Assessed value
$4,222,133
Assessed 2023
Previous assessed
$3,581,486
+17.9% YoY
Effective rate
3.36%
On assessed value
Assessed land
$759,891
Assessed improvement
$3,462,242
Land market value
$2,171,118
Improvement market value
$9,892,121
Total market value
$12,063,239
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
131,537 SF
Lot
16.61 ac (723,706 SF)
Zoning code
SPD
APN
088-241-02
UPID
US62-0404180
Jurisdiction
WASHOE
Zoning & alternative use
SPD · Reno, NV
Zoning SPD · permitted uses
SPD · 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
WAREHOUSE, STORAGE Current
Est. value
$17.6M
WAREHOUSE, STORAGE Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
16.61 ac
Current owner
From public records · entity-resolved
Ba Leasing Bsc LLC
Entity
Mailing address
595 MARKET ST, SAN FRANCISCO, CA 94105-2802
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
Rehold Reno LLC
—
Deed
related
—
Dec 6, 2022
$20,340,590
Ba Leasing Bsc LLC
Rehold Reno LLC
Bargain And Sale Deed
$20,930,191 · Ba Leasing Bsc LLC
Feb 20, 2001
—
Rehold Reno LLC
Us Foodservice INC
Grant Deed
$11,606,525 · First Union National Bank Ttee
Sep 28, 1995
$3,286,500
Rykoff-sexton INC
Sci Development Services INC
Grant Deed
—
Jul 14, 1995
$1,902,000
Sci Development Services INC
Redfield Trust
Grant Deed
$1,901,720 · Security Capital Industrial Tr
Mar 31, 1995
$1,342,000
Sci Development Services INC
Reno West Business Park
Grant Deed
—
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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