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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Motels
1250 Plumb Ln Reno, NV 89502-3611
Individually Owned
1-yr Hold
Free & Clear
Property ID
US62-0441493
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2007
Construction
WOOD
Total area
32,772 SF
Lot
1.43 ac (62,421 SF)
Zoning code
GC
APN
015-292-42
UPID
US62-0441493
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
-
Comfort Inn & Suites Airport Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Singh Bains Sarvpreet · 1 yrs held
Singh Bains Sarvpreet
since 2024
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,120,000
6.5%
$2,880,000
7%
$2,675,000
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$71 / 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
$49,340
Tax year 2023
Assessed value
$1,487,995
Assessed 2023
Previous assessed
$1,244,082
+19.6% YoY
Effective rate
3.32%
On assessed value
Assessed land
$352,931
Assessed improvement
$1,135,064
Land market value
$1,008,374
Improvement market value
$3,243,039
Total market value
$4,251,413
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Units
59
Total area
32,772 SF
Lot
1.43 ac (62,421 SF)
Zoning code
GC
APN
015-292-42
UPID
US62-0441493
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NVZoning GC · permitted uses
GC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
59
Lot
1.43 ac
Current owner
From public records · entity-resolved
Singh Bains Sarvpreet
Individual
Free & Clear · 1 yrs held
Mailing address
1250 E PLUMB LN, RENO, NV 89502-3611
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Singh Bains Sarvpreet
Sarvpreet S Bains
Intrafamily Transfer
related
—
Jun 28, 2019
—
Sarvpreet S Bains
—
Deed
related
$3,250,000 · Meadows Bk
Oct 18, 2018
—
Sarvpreet S Bains
—
Deed
related
$145,000 · One Nv Cu
Mar 29, 2018
—
Sarvpreet S Bains
—
Deed
related
$3,250,000 · One Nv Cu
Nov 22, 2011
—
Sarvpreet S Bains
Bains,sarvjeet & Manjeet
Quit Claim Deed
related
—
Jan 24, 2007
—
Sarvjeet S Bains
Bains,sarvjeet
Quit Claim Deed
related
$3,370,000 · Silver State Bank
Oct 3, 2006
—
Sarvjeet Bains
Bains,sarvjeet & Manjeet
Quit Claim Deed
related
—
—
—
Sarvpreet S Bains
—
Deed Of Trust
related
$3,250,000 · Meadows Bk
—
—
Sarvpreet S Bains
—
Deed Of Trust
related
$3,250,000 · One Nv Cu
—
—
Sarvpreet S Bains
—
Loan Modification
related
$145,000 · One Nv Cu
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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