Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8880 Double Diamond Pkwy Reno, NV 89521-6082
    Back to Search
    Property profile & analytics

    8880 Double Diamond Pkwy, Reno, NV 89521-6082

    View on Map
    • Manufacturing properties
    • 45,362 SF
    • 3.00 lot acres
    Off-Market
    Property ID
    US62-0443531
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 8880 Double Diamond Pkwy

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.00 lot acres
    Zone code
    PD
    Property type
    Manufacturing properties
    APN
    163-090-12
    APU
    16309012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 14, 2018 $5,600,000 Peppermill Casinos INC Double Diamond LLC Grant Deed —
    Jul 28, 2009 — Double Diamond LLC — Trustees Deed · related $1.4M · Bank Of The West
    May 27, 2004 — Ces Machine Products INC Double Diamond LLC Grant Deed · related —
    — — Double Diamond LLC — Deed Of Trust · related $665k · Heritage Bk/nv
    — — Double Diamond LLC — Deed Of Trust · related $2.1M · Northern Nevada Bank
    — — Double Diamond LLC — Deed Of Trust · related $1M · Nevada State Development Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,285,000
      6.5%
      $3,955,000
      7%
      $3,675,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.752
    Latitude
    39.4517
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,988
    $477,962
    $995,060
    $1,473,022
    -
    $1,365,606
    $2,843,028
    $4,208,634

    Comparable in this City

    • Value Estimation
      $625,000
      7,484 SF

      8748 Technology Way

      MANUFACTURING (LIGHT)
      8748 Technology Way, Reno, NV 89521-5925
      View Details
    • Value Estimation
      $7,545,000
      96,287 SF

      8850 Double Diamond Pkwy

      MANUFACTURING (LIGHT)
      8850 Double Diamond Pkwy, Reno, NV 89521-5908
      View Details
    • Value Estimation
      $2,370,000
      29,339 SF

      9290 Prototype Dr

      MANUFACTURING (LIGHT)
      9290 Prototype Dr, Reno, NV 89521-8987
      View Details
    • Value Estimation
      $2,210,000
      9,478 SF

      9310 Prototype Dr

      MANUFACTURING (LIGHT)
      9310 Prototype Dr, Reno, NV 89521-5907
      View Details
    • Value Estimation
      $7,825,000
      35,882 SF

      9550 Gtwy Dr

      MANUFACTURING (LIGHT)
      9550 Gtwy Dr, Reno, NV 89521-8924
      View Details
    • Value Estimation
      $1,370,000
      20,598 SF

      8780 Technology Way

      MANUFACTURING (LIGHT)
      8780 Technology Way, Reno, NV 89521-5925
      View Details

    Similar Nearby for Sale

    • $900,000
      1 SF

      South Meadows Build-Ready Pad

      Build-ready pad in South Meadows with flexible zoning.
      Prototype Dr, Reno, NV 89521
      View Details
    • Contact for pricing

      South Reno Flex Condo

      Flex condo in South Reno, 7 minutes from I-580.
      8755 Technology Way, Reno, NV 89521
      View Details
    • Contact for pricing
      8,096 SF

      South Reno Office Building For Sale

      Two-story office building built in 2012 with Double R Blvd. frontage.
      10795 Double R Blvd, Reno, NV 89521
      View Details
    • $98,000
      11.68 Acres

      Reno Land with Exceptional Views

      Just under 12 acres in Virginia City Highlands.
      2980 N Star Rd, Reno, NV 89521
      View Details
    • $34,000
      1.12 Acres

      Commercial Land in Reno, Nevada

      1.12 acre commercial land for sale in Reno.
      1791 Harte Rd, Reno, NV 89521
      View Details
    • $47,500
      1.14 Acres

      Land with Stunning Foothill Views

      1.14 acre parcel with views for your dream home.
      1853 Lousetown Rd, Reno, NV 89521
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building For Lease

      Industrial building for lease in South Meadows submarket.
      9355 Gateway Dr, Reno, NV 89521
      View Details
    • Sponsored
      Contact for pricing

      NV, Reno - Double R Blvd

      Discover many ways to work your way in NV, Reno - Double R Blvd
      9805 Double R Blvd, Reno, NV 89521
      View Details
    • $46,410
      59,500 SF

      Reno Warehouse Sublease Opportunity

      59,500 SF Reno warehouse space available for sublease.
      12815 Old Virginia Rd, Reno, NV 89521
      View Details
    • Contact for pricing

      Reno Warehouse Space Available

      Warehouse space for rent in Reno, Nevada.
      855 Sandhill Rd, Reno, NV 89521
      View Details
    • Contact for pricing
      17,799 SF

      Reno Warehouse Space Available

      Divisible warehouse space with easy I-580 access in Reno.
      12920 Old Virginia Rd, Reno, NV 89521
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8880 Double Diamond Pkwy
    Reno, NV 89521-6082
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8880 Double Diamond Pkwy, Reno, NV, 89521
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!