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Property profile & analytics
OFF-MARKET
Estimated value
$11,065,000
Warehouses
900 Hls Blvd Reno, NV 89506-6804
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0226195
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
176,000 SF
Lot
8.83 ac (384,548 SF)
Zoning code
SPD
APN
088-241-06
UPID
US62-0226195
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.07M
Owner & transaction history
Daniel L Stetson · 3 yrs held
Daniel L Stetson
since 2022
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$89,639
Tax year 2023
Assessed value
$2,677,109
Assessed 2023
Previous assessed
$2,267,163
+18.1% YoY
Effective rate
3.35%
On assessed value
Assessed land
$403,768
Assessed improvement
$2,273,341
Land market value
$1,153,623
Improvement market value
$6,495,261
Total market value
$7,648,884
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
176,000 SF
Lot
8.83 ac (384,548 SF)
Zoning code
SPD
APN
088-241-06
UPID
US62-0226195
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.
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
8.83 ac
Current owner
From public records · entity-resolved
Daniel L Stetson
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Icon Nv Andustrial Owner Pool 3 Nv
—
Deed
related
$352,500,000 · Wells Fargo Bank NA
Dec 15, 2022
—
Daniel L Stetson
Daniel L Stetson
Intrafamily Transfer
related
—
Oct 3, 2019
—
Icon Nv Indl Owner Pool 3 Nev
—
Grant Deed
related
—
Mar 20, 2015
—
Icon Nv Industrial Owner Pool 3 Nev
Bre Nv Industrial Properties LLC
Bargain And Sale Deed
—
Mar 18, 2015
—
Icon Nv Industrial Owner Pool
Bre Of Nv Industrial Properties L
Grant Deed
related
$822,000,000 · Goldman Sachs Mtg
Nov 29, 2010
$6,936,500
Bre Of Nv Industrial Props LLC
Prologis
Grant Deed
—
Jun 18, 1996
$3,102,500
Security Capital Industrial Tr
Sci Development Services INC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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