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Property profile & analytics
OFF-MARKET
Estimated value
$15,645,000
Hotels
10599 Professional Cir Reno, NV 89521-4882
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0419049
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Construction
WOOD
Total area
47,691 SF
Lot
1.5 ac (65,340 SF)
Zoning code
PD
APN
160-030-54
UPID
US62-0419049
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
-
Hampton Inn & Suites Reno Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.31M
Blend (final)
Blend
$15.65M
Owner & transaction history
Laxm Reno LLC · 9 yrs held
Laxm Reno LLC
since 2016
5 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.4M
+61.2%
Restaurant
$19.5M
+23.8%
Neighborhood: shopping center
$19.2M
+21.5%
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
HOTEL/MOTEL
$15,765,000
Current use
COMMERCIAL (GENERAL)
$25,420,000
Change: +61% · Conversion: Difficult
RESTAURANT
$19,510,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,160,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$16,645,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,050,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,745,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$13,035,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$15.65M
Range $14.08M – $17.21M · ±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
$328 / 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
$77,602
Tax year 2023
Assessed value
$2,326,574
Assessed 2023
Previous assessed
$1,960,498
+18.7% YoY
Effective rate
3.34%
On assessed value
Assessed land
$257,331
Assessed improvement
$2,069,243
Land market value
$735,232
Improvement market value
$5,912,124
Total market value
$6,647,356
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
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Total area
47,691 SF
Lot
1.5 ac (65,340 SF)
Zoning code
PD
APN
160-030-54
UPID
US62-0419049
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
$15.8M
COMMERCIAL (GENERAL)
Est. value
$25.4M
RESTAURANT
Est. value
$19.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.2M
MEDICAL BUILDING
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
OFFICE BUILDING
Est. value
$13.0M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Laxm Reno LLC
Entity
Mailing address
10599 PROFESSIONAL CIR, RENO, NV 89521-4882
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2016
—
Laxm Reno LLC
Laxmi Holtels LLC
Bargain And Sale Deed
—
—
—
Laxmi Hotels LLC
—
Deed Of Trust
related
$1,862,700 · Silver State Bank
—
—
Laxmi Hotels LLC
—
Deed Of Trust
related
$1,915,000 · Nevada State Development Corp
—
—
Laxmi Hotels LLC
—
Deed Of Trust
related
$445,500 · Business Bank Of Nevada
—
—
Laxmi Hotels LLC
—
Deed Of Trust
related
$3,104,600 · Silver State Bank
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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