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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Commercial land
11420 Virginia St Reno, NV 89511
Individually Owned
13-yr Hold
Free & Clear
Property ID
US62-0383098
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1973
Construction
WOOD FRAME
Total area
36,611 SF
Lot
5.05 ac (219,934 SF)
Zoning code
MS
APN
160-060-12
UPID
US62-0383098
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.91M
Owner & transaction history
Reno-sparks Indian Colony Of Nv · 13 yrs held
Reno-sparks Indian Colony Of Nv
since 2013
7 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
$134 / 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
Assessed value
$1,713,748
Assessed 2023
Previous assessed
$1,537,981
+11.4% YoY
Assessed land
$1,316,305
Assessed improvement
$397,443
Land market value
$3,760,871
Improvement market value
$1,135,552
Total market value
$4,896,423
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
36,611 SF
Lot
5.05 ac (219,934 SF)
Zoning code
MS
APN
160-060-12
UPID
US62-0383098
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
1973
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Reno-sparks Indian Colony Of Nv
Individual
Free & Clear · 13 yrs held
Mailing address
34 RESERVATION RD, RENO, NV 89502-1541
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2016
—
Howards Chevron INC
—
Deed
related
$500,000
Jun 7, 2013
—
Reno-sparks Indian Colony Of Nv
Reno-sparks Indian Colony Of Nv
Quit Claim Deed
related
—
Jun 6, 2013
—
Reno-sparks Indian Colony Of Nv
Grinzewitsch Properties LLC
Grant Deed
—
Aug 10, 2012
—
Grinzewitsch Properties LLC
South Virginia Storage LLC
Grant Deed
related
—
Feb 14, 2012
$4,500,000
Grinzewitsch Properties LLC
South Virginia Storage LLC
Grant Deed
$2,800,000 · South Virginia Storage LLC
Nov 25, 1996
—
South Virginia Storage LLC
Mugnaini,lisa A
Grant Deed
related
—
—
—
Grinzewitsch Properties LLC
—
Deed Of Trust
related
$5,000,000 · Mercedes-benz Fin'l Svcs USA
—
—
Howards Chevron INC
—
Deed Of Trust
related
$500,000
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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