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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Theaters & concert halls
11 Sierra St Reno, NV 89501-1303
Entity Owned
~
Est. High Equity
Property ID
US62-0694343
Property summary
AI-generated overview
This exceptional retail property, located at 11 N Sierra Street in Reno, Nevada, offers 50,116 square feet of space across nine suites in a single-story, Class B building constructed in 1999. The property sits on a 1.33-acre lot and is zoned MD-RD. Individual suite sizes range from a minimum of 648 contiguous square feet to a maximum of 49,930 square feet, providing flexibility for various business needs. Currently, two spaces are available for lease. The building features convenient access to off-site covered parking located directly across West First Street. This prime location is situated in the heart of Reno's vibrant Downtown entertainment district, benefiting from a strong daytime workforce of approximately 40,000 and a growing residential population. Its proximity to Reno's casino and business districts further enhances its appeal. Suite 100 will become available on December 1st, 2024. The property's APN is 011-440-01. This is a unique opportunity to establish a presence in a thriving and dynamic urban core.
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,116 SF
Lot
1.34 ac (58,240 SF)
Zoning code
MDRD
APN
011-440-01
UPID
US62-0694343
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
-
Discology: CDs : DVDs : LPs : LDs (Bike/Boat/Book/etc) Store
-
Cinemark Century Riverside 12 Cinema Theater & Performing Art Venue
-
Reno Riverside Business Service Center Corporate Office
-
Robert Richard Salon Barber Shop
-
Biggest Little Gift Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Living Stones Church Reno
Living Stones Church Reno
since 2025
2 recorded transactions
Zoning & alternative use
MDRD · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$28 / 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
$103,212
Tax year 2023
Assessed value
$2,590,000
Assessed 2023
Previous assessed
$2,100,000
+23.3% YoY
Effective rate
3.99%
On assessed value
Assessed land
$551,773
Assessed improvement
$2,038,227
Land market value
$1,576,494
Improvement market value
$5,823,506
Total market value
$7,400,000
Applied tax rate
1,001.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
50,116 SF
Lot
1.34 ac (58,240 SF)
Zoning code
MDRD
APN
011-440-01
UPID
US62-0694343
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NV
Zoning MDRD · permitted uses
MDRD · 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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Living Stones Church Reno
Entity
Mailing address
1140 N WILLIAMSON BLVD, DAYTONA BEACH, FL 32114-8112
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$5,000,000
Living Stones Church Reno
Cto16 Reno LLC
Bargain & Sale Deed
$4,000,000 · Pine25 Reno LLC
Dec 1, 2016
$6,900,000
Cto16 Reno LLC
Ddr Reno LLC
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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