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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Office buildings
940 Southwood Blvd Incline Village, NV 89451-7506
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-1249093
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD
Total area
9,135 SF
Lot
0.65 ac (28,171 SF)
Zoning code
TA_IVC
APN
132-231-12
UPID
US62-1249093
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
-
Mountainside Law Law Firm
-
First American Title Insurance Company Title Company Escrow Service
-
Incline Village REALTORS® Charitable Organization Social Service Agency
-
Tri Pointe Homes - Executive Office Construction Company General Contractor
-
Epic Services Company Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
Tr Plaza LLC · 4 yrs held
Tr Plaza LLC
since 2021
Last sale
$2.5M
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
$2,345,000
ML approach
$2,390,000
CAP Approach
CAP Return
Estimation
6%
$2,705,000
6.5%
$2,495,000
7%
$2,320,000
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±10% · vs last sale $2.45M (Sep 9 2021)
Last sale anchor
$2.45M
Sep 9 2021
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
$265 / 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
$13,265
Tax year 2023
Assessed value
$367,500
Assessed 2023
Previous assessed
$345,275
+6.4% YoY
Effective rate
3.61%
On assessed value
Assessed land
$138,038
Assessed improvement
$229,462
Land market value
$394,394
Improvement market value
$655,606
Total market value
$1,050,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
9,135 SF
Lot
0.65 ac (28,171 SF)
Zoning code
TA_IVC
APN
132-231-12
UPID
US62-1249093
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NV
Zoning 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
Incline Village. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Tr Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
238 TOWNSEND ST, SAN FRANCISCO, CA 94107-1720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Sep 9, 2021
—
Tr Plaza LLC
Richard A Fiore
Quit Claim Deed
related
—
Mar 5, 2004
—
Lisa M F Roche
Roche,douglas
Quit Claim Deed
related
—
Jan 8, 2004
$2,450,000
Fiore,tr
Timber Ridge Plaza LLC
Grant Deed
$1,300,000 · Nevada Security Bank
Dec 19, 2001
—
Timber Ridge Plaza LLC
P & P Enterprises LLC
Grant Deed
$1,460,000 · Us Bank Trust NA
Aug 2, 1996
$470,000
P & P Enterprises
Southwood Plaza LP
Grant Deed
$850,000 · Bishop Trust
Jan 4, 1996
$160,000
Southwood Plaza LP
Ladine,duane A & Gina
Grant Deed
—
—
—
P & P Enterprises LLC
—
Deed Of Trust
related
$375,000 · Leonard & Sally Detrick
—
—
P&p Enterprises LLC
—
Deed Of Trust
related
$1,350,000 · Nevada Banking Co
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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