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Property profile & analytics
FOR SALE
Office buildings
885 Trademark Dr Reno, NV 89521
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0756377
For Sale
1 / 10
$12,545,000
885 Trademark Dr, Reno, NV 89521
View Listing →
Property summary
AI-generated overview
This exceptional 77,132-square-foot executive office building in Reno, Nevada, is offered at $19,300,000. Located at 885 Trademark Dr, in Washoe County, zip code 89521, this Class B, multi-tenant property sits on a 6-acre lot (APN 163-102-14) and features a two-story building constructed in 1999. Currently, the occupancy rate is 23%, with one tenant, Elemental LED, occupying a portion of the six units. The building offers ample parking and convenient access, situated near South Reno's industrial and distribution centers. This owner-user opportunity is priced below replacement cost and serves a substantial population within a 5-mile radius (approx. 122,209 people) with a high average household income (approx. $120,771 annually). The property is zoned PD and provides a compelling investment opportunity in a thriving Reno location. The price per square foot is $250.22.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
FRAME
Total area
77,132 SF
Lot
6.35 ac (276,737 SF)
Zoning code
PD
APN
163-102-14
UPID
US62-0756377
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
-
Diode LED Industrial Manufacturer
-
Mitel Telecommunications Service
-
Elemental LED Inc. Industrial Manufacturer
-
Lucetta Lighting (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Mitel Networks Corporation Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.55M
Owner & transaction history
Massie Family Trust · 7 yrs held
Massie Family Trust
since 2018
4 recorded transactions
Zoning & alternative use
PD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$19,830,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$12.55M
Range $11.29M – $13.80M · ±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
$163 / 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
$119,185
Tax year 2023
Assessed value
$4,847,039
Assessed 2023
Previous assessed
$4,215,482
+15.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$726,435
Assessed improvement
$4,120,604
Land market value
$2,075,528
Improvement market value
$11,773,154
Total market value
$13,848,682
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1999
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
77,132 SF
Lot
6.35 ac (276,737 SF)
Zoning code
PD
APN
163-102-14
UPID
US62-0756377
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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
RETAIL STORES
Est. value
$19.8M
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
1999
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
6.35 ac
Current owner
From public records · entity-resolved
Massie Family Trust
Trust
Mailing address
5800 LONETREE BLVD STE #201, ROCKLIN, CA 95765-3802
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2018
$20,400,000
Massie Family Trust
Proequity Trademark Invtrs L +
Grant Deed
—
Aug 1, 2018
—
Massie Family Trust
Proequity Trademark Invtrs L
Quit Claim Deed
related
—
Nov 1, 2017
—
Proequity Trademark Investors LLC
—
Deed
related
$11,800,000 · Exchange Bank
Oct 2, 2015
$12,442,000
Proequity Trademark Investors
Dp Partners Trademark I LLC
Grant Deed
$10,664,000 · A10 Cap
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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