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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Outlet malls
10828 Virginia St Reno, NV 89511-8989
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US62-0081328
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Construction
METAL FRAME
Total area
48,756 SF
Lot
5.93 ac (258,398 SF)
Zoning code
MS
APN
160-070-07
UPID
US62-0081328
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
-
Michael's Reno Powersports Auto Parts Store (Bike/Boat/Book/etc) Store
-
Michael's Reno Powersports Service Department Auto Repair Shop Motorcycle Shop
-
Reno KTM Husqvarna GasGas- Now owned by Michael's Reno Powersports Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.23M
Owner & transaction history
Michaels Holdings LLC · 23 yrs held
Michaels Holdings LLC
since 2002
3 recorded transactions
Zoning & alternative use
MS · 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
$107 / 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
$55,846
Tax year 2023
Assessed value
$1,738,179
Assessed 2023
Previous assessed
$1,520,283
+14.3% YoY
Effective rate
3.21%
On assessed value
Assessed land
$936,047
Assessed improvement
$802,132
Land market value
$2,674,419
Improvement market value
$2,291,806
Total market value
$4,966,225
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
48,756 SF
Lot
5.93 ac (258,398 SF)
Zoning code
MS
APN
160-070-07
UPID
US62-0081328
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
1988
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.93 ac
Current owner
From public records · entity-resolved
Michaels Holdings LLC
Entity
Mailing address
PO BOX 1141, CARSON CITY, NV 89702-1141
Ownership since
2002
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
Nov 6, 2002
$4,500,000
Michaels Holdings LLC
South Valley Properties LLC
Grant Deed
related
$3,079,000 · Heritage Bank Nevada
Sep 17, 2001
$2,600,000
South Valley Properties LLC
Payless Cashways INC
Grant Deed
$2,000,000 · First Independent Bank Nevada
—
—
Michaels Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Nevada State Development Corp
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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