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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Auto shops
105 Sunshine Ln Reno, NV 89502-1238
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0426349
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Construction
METAL FRAME
Total area
7,270 SF
Lot
2.18 ac (94,961 SF)
Zoning code
I
APN
012-304-02
UPID
US62-0426349
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
-
Reno Ryde Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.74M
Owner & transaction history
Reno Of Sparks Indian Colony · 13 yrs held
Reno Of Sparks Indian Colony
since 2013
3 recorded transactions
Zoning & alternative use
I · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I district is intended to accommodate intensive land uses that require mitigation of impacts, including the heaviest industrial uses. Sites are commonly comprised of large-footprint buildings designed for warehousing, flex space, manufacturing, and supporting office uses. This district should be located in areas with access to air, roadway, and/or railwa…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,862.79 ac
Source
Realmo
Top alternative use upside
Medical building
$2.5M
+9.1%
Apartment house (5+ units)
$2.4M
+3.2%
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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,325,000
Current use
MEDICAL BUILDING
$2,535,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,400,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,005,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,980,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$239 / 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
$20,353
Tax year 2023
Assessed value
$670,127
Assessed 2023
Previous assessed
$554,390
+20.9% YoY
Effective rate
3.04%
On assessed value
Assessed land
$530,114
Assessed improvement
$140,013
Land market value
$1,514,612
Improvement market value
$400,036
Total market value
$1,914,648
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1993
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,270 SF
Lot
2.18 ac (94,961 SF)
Zoning code
I
APN
012-304-02
UPID
US62-0426349
Jurisdiction
WASHOE
Zoning & alternative use
I · Reno, NVZoning I · permitted uses
I · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I district is intended to accommodate intensive land uses that require mitigation of impacts, including the heaviest industrial uses. Sites are commonly comprised of large-footprint buildings designed for warehousing, flex space, manufacturing, and supporting office uses. This district should be located in areas with access to air, roadway, and/or railway transportation systems. This zoning district should be separated from residential development and schools by natural and man-made buffers.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,862.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Reno Of Sparks Indian Colony
Individual
Free & Clear · 13 yrs held
Mailing address
100 SUNSHINE LN, RENO, NV 89502-1212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2013
—
Reno Of Sparks Indian Colony
Bell Real Estate LLC
Grant Deed
related
—
Dec 4, 2012
—
Bell Real Estate LLC
Bell Real Estate LLC
Quit Claim Deed
related
—
Sep 2, 2003
$800,000
Bell Real Estate LLC
Checker Taxi INC
Grant Deed
—
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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