Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Flex space
875 Oriole Way Incline Village, NV 89451-9511
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US62-0412015
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
METAL FRAME
Total area
22,050 SF
Lot
0.76 ac (33,137 SF)
Zoning code
TA_IVC
APN
132-222-15
UPID
US62-0412015
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
-
Incline Boat Storage & Marine Storage Facility
-
Lake Tahoe High Performance Marine Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Marelich Ents-series 875 LLC · 13 yrs held
Marelich Ents-series 875 LLC
since 2012
7 recorded transactions
Zoning & alternative use
TA_IVC · Incline Village, 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 Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,705,000
6.5%
$2,500,000
7%
$2,320,000
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±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
$93 / 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
$14,255
Tax year 2023
Assessed value
$402,126
Assessed 2023
Previous assessed
$367,350
+9.5% YoY
Effective rate
3.54%
On assessed value
Assessed land
$183,430
Assessed improvement
$218,696
Land market value
$524,086
Improvement market value
$624,845
Total market value
$1,148,931
Applied tax rate
5,200.0000
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
1986
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
22,050 SF
Lot
0.76 ac (33,137 SF)
Zoning code
TA_IVC
APN
132-222-15
UPID
US62-0412015
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NVZoning TA_IVC · permitted uses
TA_IVC · Incline Village, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Marelich Ents-series 875 LLC
Entity
Mailing address
PO BOX 5468, INCLINE VILLAGE, NV 89450-5468
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2021
—
Marelich Enterprises Series 875 LLC
—
Deed
related
$2,000,000 · Bank Of The West
Sep 10, 2012
—
Marelich Ents-series 875 LLC
Marelich Family 1988 Trust
Quit Claim Deed
—
Sep 17, 2001
—
Marelich Trust
Marelich,david P & Susan G
Quit Claim Deed
related
$1,600,000 · Colonial Bank
—
—
Marelich Trust
—
Deed Of Trust
related
$1,000,000 · Nevada Banking Co
—
—
David P Marelich
—
Deed Of Trust
related
$415,000 · Trc LLC
—
—
Marelich Ents Series 875 LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of The West
—
—
Marelich Ents-series 875 LLC
—
Deed Of Trust
related
$1,840,000 · Us Bank NA
—
—
Marelich Trust
—
Deed Of Trust
related
$180,000 · Starline INC Money Ppp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 875 Oriole Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
