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Property profile & analytics
OFF-MARKET
Estimated value
$4,410,000
Hotels
1 Ballpark Ln, Reno, NV 89501-1520
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0508125
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Construction
WOOD
Total area
76,135 SF
Lot
0.85 ac (37,164 SF)
Zoning code
MDRD
APN
011-078-09
UPID
US62-0508125
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
$5.62M
Blend (final)
Blend
$4.41M
Owner & transaction history
Billa Hospitality Reno LLC · 6 yrs held
Billa Hospitality Reno LLC
since 2019
7 recorded transactions
Zoning & alternative use
MDRD · 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
Blend value · Realmo final
$4.41M
Range $3.97M – $4.85M · ±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
$58 / 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
$198,732
Tax year 2023
Assessed value
$4,003,081
Assessed 2023
Previous assessed
$3,316,752
+20.7% YoY
Effective rate
4.96%
On assessed value
Assessed land
$275,107
Assessed improvement
$3,727,974
Land market value
$786,019
Improvement market value
$10,651,354
Total market value
$11,437,373
Applied tax rate
1,001.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
135
Total area
76,135 SF
Lot
0.85 ac (37,164 SF)
Zoning code
MDRD
APN
011-078-09
UPID
US62-0508125
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NV
Zoning MDRD · permitted uses
MDRD · 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
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
135
Lot
0.85 ac
Current owner
From public records · entity-resolved
Billa Hospitality Reno LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1 BALLPARK LN, RENO, NV 89501-1520
Ownership since
2019
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
Oct 31, 2019
$29,500,000
Billa Hospitality Reno LLC
Reno Hotel Partners LLC
Grant Deed
—
Nov 8, 2017
—
Reno Hotel Partners LLC
—
Deed
related
$20,000,000 · Wells Fargo Bk
Jan 29, 2015
—
Reno Hotel Partners LLC|redbird Reno Hotel LLC
—
Trustees Deed
related
$1,755,000 · Farmers & Merchants Nat'l Bk
Feb 19, 2014
$1,700,000
Redbird Reno Hotel LLC
Reno Hotel Partners LLC
Grant Deed
—
Sep 15, 2009
—
Reno Hotel Partners LLC
Freight House District LLC
Quit Claim Deed
related
—
Jun 19, 2008
$700,000
Reno Hotel Partners LLC
Freight House District LLC
Grant Deed
—
Sep 27, 2007
$420,000
Freight House District LLC
Redevelopment Agcy Of City/reno
Grant Deed
—
—
—
Reno Hotel Partners LLC
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bk
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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