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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1000 Virginia St Reno, NV 89502-2418
Trust Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0089166
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1954
Construction
WOOD
Total area
2,207 SF
Lot
0.38 ac (16,727 SF)
Zoning code
MUMC
APN
014-065-49
UPID
US62-0089166
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
-
Citi Mart Auto Repair Shop
-
Citi Gas Grocery & Convenience Store
-
Coinsource Bitcoin ATM Atm
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Powar,a & S Living Trust · 10 yrs held
Powar,a & S Living Trust
since 2015
7 recorded transactions
Zoning & alternative use
MUMC · 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
—
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
$10,228
Tax year 2023
Assessed value
$316,885
Assessed 2023
Previous assessed
$258,213
+22.7% YoY
Effective rate
3.23%
On assessed value
Assessed land
$139,336
Assessed improvement
$177,549
Land market value
$398,103
Improvement market value
$507,282
Total market value
$905,385
Applied tax rate
1,002.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,207 SF
Lot
0.38 ac (16,727 SF)
Zoning code
MUMC
APN
014-065-49
UPID
US62-0089166
Jurisdiction
WASHOE
Zoning & alternative use
MUMC · Reno, NV
Zoning MUMC · permitted uses
MUMC · 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
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Powar,a & S Living Trust
Trust
Mailing address
1000 S VIRGINIA ST, RENO, NV 89502-2418
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2018
—
Powar,amolak Surjit Family Trust
—
Deed
related
—
Jul 21, 2017
—
Singh Powar Amolak
—
Deed
related
$364,750 · Western Alliance Bank
Sep 23, 2015
—
Powar,a & S Living Trust
Powar,amolak S & Surjit K
Quit Claim Deed
related
—
Jul 21, 2000
$350,000
Amolak S Powar
Handke Family LP
Grant Deed
$133,500 · Individual
Jan 5, 1998
$350,000
Handke Family LP
Thomas,mark E
Grant Deed
—
Dec 3, 1996
$340,000
Mark E Thomas
Handke Trust
Grant Deed
—
May 4, 1995
$247,000
Handke Trust
Triple S Tires
Grant Deed
$147,000 · Lombard & Associates
Apr 21, 1989
$84,000
S Tires Triple
Unknown
Grant Deed
—
—
—
Amolak S Powar
—
Deed Of Trust
related
$1,050,000 · Bank Of Nevada
—
—
Powar,amolak Surjit Family Trust
—
Deed Of Trust
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.
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