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Property profile & analytics
OFF-MARKET
Estimated value
$16,305,000
Hotels
10559 Professional Cir Reno, NV 89521-4882
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0554879
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD
Total area
64,949 SF
Lot
1.65 ac (71,961 SF)
Zoning code
PD
APN
160-070-21
UPID
US62-0554879
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
-
Staybridge Suites Reno, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.31M
Owner & transaction history
South Reno Suites LLC · 3 yrs held
South Reno Suites LLC
since 2023
Last sale
$18.8M
6 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.6M
+23.8%
Neighborhood: shopping center
$26.1M
+21.5%
Medical building
$22.7M
+5.6%
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
$17,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$21,470,000
Current use
RESTAURANT
$26,570,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,090,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$22,670,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,855,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$21,440,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$17,755,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$16.31M
Range $14.67M – $17.94M · ±10% · vs last sale $18.76M (Mar 2 2023)
Last sale anchor
$18.76M
Mar 2 2023
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
$251 / 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
$83,832
Tax year 2023
Assessed value
$3,078,394
Assessed 2023
Previous assessed
$2,586,476
+19.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$283,264
Assessed improvement
$2,795,130
Land market value
$809,325
Improvement market value
$7,986,087
Total market value
$8,795,412
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
94
Total area
64,949 SF
Lot
1.65 ac (71,961 SF)
Zoning code
PD
APN
160-070-21
UPID
US62-0554879
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$21.5M
RESTAURANT
Est. value
$26.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.1M
MEDICAL BUILDING
Est. value
$22.7M
AUTO REPAIR, GARAGE
Est. value
$21.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.4M
OFFICE BUILDING
Est. value
$17.8M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
94
Lot
1.65 ac
Current owner
From public records · entity-resolved
South Reno Suites LLC
Entity
Mailing address
1575 DELUCCHI LN STE #105, RENO, NV 89502-6581
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$18,761,000
South Reno Suites LLC
Breit Reno Property Owner LLC
Bargain And Sale Deed
$14,980,000 · Heritage Bank Of Nevada
Aug 16, 2019
—
Breit Reno Property Owner LLC
—
Deed
related
—
Nov 29, 2018
$16,213,500
Breit Reno Property Owner LLC
Nncc Hospitality LLC
Grant Deed
—
Jan 10, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 7, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Nncc Hospitality LLC
—
Deed Of Trust
related
$6,880,000 · Archetype Mortgage Capital LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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