Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Reno, NV 89512
    Back to Search
    Property profile & analytics

    , Reno, NV 89512

    View on Map
    • Industrial land
    • 0.10 lot acres
    Off-Market
    Property ID
    US62-0531759
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details

    Lot size
    0.10 lot acres
    Zone code
    I
    Property type
    Industrial land
    APN
    003-104-02
    APU
    310402

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2025 $20,500,000 Reno Parr LLC Parr Blvd Investors LLC Bargain & Sale Deed $14.4M · Park National Bank
    Sep 28, 2017 $7,400,000 Parr Blvd Investors LLC Pfiilp-parr Boulevard LLC Trustees Deed $4.4M · Sacramento Bk/cmrc
    Jun 12, 2014 $4,350,000 Pfiilp-parr Boulevard LLC Marketview Properties IV LLC Grant Deed $4.6M · Vectra Bk/co
    Mar 15, 2012 — Marketview Properties IV LLC Capwell Investment Group LLC Deed In Lieu Of Foreclosure · related —
    Aug 29, 2007 $7,900,000 Capwell Investment Group LLC Panattoni Properties De LLC Grant Deed $5.4M · Minnesota Life Insurance Co
    Apr 25, 2006 $998,500 Orrick Jv Nshe South Carrollton LLC Quit Claim Deed · related —
    Nov 15, 2005 $4,474,500 Panattoni Properties De LLC Seagate Reno Associates LLC Grant Deed —
    Dec 17, 2003 $11,150,000 Seagate Reno Associates LLC Equitable Life Assurance Socie Grant Deed $10.4M · Merrill Lynch Capital

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.813
    Latitude
    39.5701
    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
    $8
    $175
    $0.00
    $175
    -
    $500
    $0.00
    $500

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      Sage St

      INDUSTRIAL - VACANT LAND
      Sage St, Reno, NV 89512
      View Details
    • Value Estimation by Request
      1.16 Acres

      Toano St

      INDUSTRIAL - VACANT LAND
      Toano St, Reno, NV 89512
      View Details
    • Value Estimation by Request
      0.52 Acres

      Commercial Row

      INDUSTRIAL - VACANT LAND
      Commercial Row, Reno, NV 89512
      View Details
    • Value Estimation by Request
      2.26 Acres

      Bennie Ln

      INDUSTRIAL - VACANT LAND
      Bennie Ln, Reno, NV 89512
      View Details
    • Value Estimation
      $4,195,000
      1.81 Acres

      Parr Blvd

      INDUSTRIAL - VACANT LAND
      Parr Blvd, Reno, NV 89512
      View Details
    • Value Estimation
      $525,000
      1.43 Acres

      Vly Rd

      INDUSTRIAL - VACANT LAND
      Vly Rd, Reno, NV 89512
      View Details

    Similar Nearby for Sale

    • $275,000
      1.10 Acres

      Expansive Lot with Mountain Views

      1+ acre lot near downtown Reno with no HOA.
      Clear Acre Ln, Reno, NV 89512
      View Details
    • $299,000
      0.35 Acres

      Reno Land with Panoramic Views

      Residential land with utilities and city and mountain views.
      3125 Socrates Dr, Reno, NV 89512
      View Details
    • $329,900
      1.06 Acres

      Reno Land with Multifamily Zoning

      1.06 acres near UNR, zoned for up to 30 units.
      2065 Wedekind Rd, Reno, NV 89512
      View Details
    • Contact for pricing

      Land for Student Housing

      Land suitable for student housing development near the University.
      1151 Valley Rd, Reno, NV 89512
      View Details
    • Contact for pricing

      Wells Avenue Multifamily Development Opportunity

      10.77 acres suitable for multifamily housing development.
      N Wells Ave, Reno, NV 89512
      View Details
    • $275,000
      1.10 Acres

      Expansive Lot with Mountain Views

      Over 1-acre lot near downtown Reno with no HOA.
      Clear Acre Ln, Reno, NV 89512
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land For Lease

      Industrial land available for lease.
      1925 Timber Way, Reno, NV 89512
      View Details
    • Contact for pricing

      Industrial Storage Yard For Rent

      Industrial storage yard available for rent.
      802 East 4Th St, Reno, NV 89512
      View Details
    • Contact for pricing

      Commercial Land For Rent

      0.421 AC commercial land available for rent.
      1995 Selmi Dr, Reno, NV 89512
      View Details
    • Contact for pricing
      2,000 SF

      Commercial Development Site For Lease

      Commercial land for lease, ideal for development near I-580.
      2450 Oddie Blvd, Reno, NV 89512
      View Details
    • Contact for pricing

      Reno Warehouse with Rail Access

      56,000 SF warehouse with rail access and modern amenities.
      380 E Parr Blvd, Reno, NV 89512
      View Details
    • Contact for pricing

      Reno Office Space For Rent

      Office space featuring private offices, conference room, and break rooms.
      1530 E 6Th St, Reno, NV 89512
      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.
    Reno, NV 89512
    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
    Reno, NV, 89512
    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!