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Property profile & analytics
OFF-MARKET
Estimated value
$12,310,000
Auto shops
1195 Corporate Blvd Reno, NV 89502-7178
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0466291
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,240 SF
Lot
3.38 ac (147,320 SF)
Zoning code
ME
APN
012-401-27
UPID
US62-0466291
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
-
Tesla Collision Reno Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.37M
Blend (final)
Blend
$12.31M
Owner & transaction history
Tactical Property Holdings LLC · 2 yrs held
Tactical Property Holdings LLC
since 2023
Last sale
$13.1M
6 recorded transactions
Zoning & alternative use
ME · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.1M
+27.9%
Neighborhood: shopping center
$17.8M
+25.6%
Medical building
$15.4M
+9.1%
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
$8,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,150,000
Current use
RESTAURANT
$18,100,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,775,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$15,440,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,605,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,190,000
Change: -14% · Conversion: Easy
RETAIL STORES
$12,060,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$12.31M
Range $11.08M – $13.54M · ±10% · vs last sale $13.10M (Nov 20 2023)
Last sale anchor
$13.10M
Nov 20 2023
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
$278 / 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
$26,910
Tax year 2023
Assessed value
$733,115
Assessed 2023
Previous assessed
$932,032
-21.3% YoY
Effective rate
3.67%
On assessed value
Assessed land
$394,449
Assessed improvement
$338,666
Land market value
$1,126,998
Improvement market value
$967,617
Total market value
$2,094,615
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
44,240 SF
Lot
3.38 ac (147,320 SF)
Zoning code
ME
APN
012-401-27
UPID
US62-0466291
Jurisdiction
WASHOE
Zoning & alternative use
ME · Reno, NV
Zoning ME · permitted uses
ME · 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
AUTO REPAIR, GARAGE Current
Est. value
$14.2M
RESTAURANT
Est. value
$18.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.8M
MEDICAL BUILDING
Est. value
$15.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$12.1M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Tactical Property Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
22 BARUNA CTBAY, NEWPORT BEACH, CA 92663-2363
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$13,100,000
Tactical Property Holdings LLC
6s T Reno Nv LLC
Bargain And Sale Deed
—
May 23, 2022
$3,225,000
6s T Reno Nv LLC
Richard Wray
Bargain And Sale Deed
$8,625,000 · First United Bank & Trust Co
Jun 30, 2014
—
Bre Of Reno Property Owner Ll Tr
Bre Of Reno Property Owner LLC
Quit Claim Deed
related
—
Aug 8, 2013
—
Bre Of Reno Property Owner LLC
Prologis Na3 Trs II LLC
Grant Deed
—
Jul 20, 2007
—
Prologis Na3 Trs II LLC
Dp Industrial LLC
Grant Deed
—
—
—
Bre Of Reno Property Owner LLC
—
Deed Of Trust
related
$530,000,000 · Wells Fargo 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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