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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Automotive properties
11550 Virginia St, Reno, NV 89511-8900
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0413455
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Construction
WOOD
Total area
26,982 SF
Lot
6.39 ac (278,174 SF)
Zoning code
MS
APN
160-060-06
UPID
US62-0413455
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
-
Key Acura of Reno Auto Repair Shop
-
Key Acura of Reno Parts Department Auto Parts Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.21M
Owner & transaction history
USA · 22 yrs held
USA
since 2003
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
Method
Estimation
Statistic approach
by Request
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$45 / 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
$3,699,349
Assessed 2023
Previous assessed
$3,232,111
+14.5% YoY
Assessed land
$1,664,871
Assessed improvement
$2,034,478
Land market value
$4,756,775
Improvement market value
$5,812,793
Total market value
$10,569,568
Applied tax rate
4,000.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
26,982 SF
Lot
6.39 ac (278,174 SF)
Zoning code
MS
APN
160-060-06
UPID
US62-0413455
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6.39 ac
Current owner
From public records · entity-resolved
USA
Individual
Free & Clear · 22 yrs held
Mailing address
311 E WASHINGTON ST, CARSON CITY, NV 89701-4065
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Feb 5, 2019
—
Meb Properties LLC
—
Loan Modification
related
$7,950,000 · Us Bk
Feb 5, 2014
—
Motors Von Housens
—
Loan Modification
related
$5,000,000 · Mercedes-benz Fin'l Svcs USA
Mar 31, 2005
—
Motors Von Housens
—
Trustees Deed
related
$3,389,500 · Daimler-chrysler Fin'l Svcs NA
Aug 27, 2003
$1,780,000
USA
Reno/sparks Indian Colony
Grant Deed
—
Apr 10, 2001
—
Reno-sparks Indian Colony
Schmutz,ramon H
Grant Deed
related
—
—
—
Grinzewitsch Properties LLC
—
Deed Of Trust
related
$5,000,000 · Mercedes-benz Fin'l Svcs USA
—
—
Motors Von Housens
—
Deed Of Trust
related
$3,877,219 · Dcfs USA LLC
—
—
Meb Properties LLC
—
Loan Modification
related
$7,950,000 · Us Bank NA
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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