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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Strip malls
1400 Peckham Ln, Reno, NV 89502-5180
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0457002
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
WOOD
Total area
9,112 SF
Lot
1.62 ac (70,393 SF)
Zoning code
MU
APN
025-524-08
UPID
US62-0457002
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
-
Tacos Los Charros Restaurant
-
Sinclair Gas Station Grocery & Convenience Store
-
Drams and Smoke Reno (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Speedway Market Grocery & Convenience Store
-
Antojitos El Mundo Latino Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Peckham LLC · 7 yrs held
Peckham LLC
since 2018
7 recorded transactions
Zoning & alternative use
MU · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,205,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,010,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$209 / 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
$23,770
Tax year 2023
Assessed value
$553,763
Assessed 2023
Previous assessed
$491,196
+12.7% YoY
Effective rate
4.29%
On assessed value
Assessed land
$264,906
Assessed improvement
$288,857
Land market value
$756,875
Improvement market value
$825,306
Total market value
$1,582,181
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
112
Total area
9,112 SF
Lot
1.62 ac (70,393 SF)
Zoning code
MU
APN
025-524-08
UPID
US62-0457002
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
112
Lot
1.62 ac
Current owner
From public records · entity-resolved
Peckham LLC
Entity
Free & Clear · 7 yrs held
Mailing address
107 E MCKNIGHT WAY, GRASS VALLEY, CA 95949-9503
Ownership since
2018
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
Nov 26, 2024
—
Peckham LLC
—
Deed
related
$2,600,000 · Bay Commercial Bank
Aug 17, 2018
—
Peckham LLC
Section 25 Ltd
Grant Deed
related
—
Aug 13, 2018
$1,600,000
Peckham LLC
Section 25 Ltd
Grant Deed
$1,200,000 · Private Individual
May 20, 2008
$4,000,000
Section 25 Ltd
Speedway Plaza LLC
Grant Deed
—
Jan 31, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Aug 9, 2001
$522,000
Thomas P Berry
Speedway Plaza LLC
Grant Deed
—
Aug 9, 2001
—
Speedway Plaza LLC
Berry,matthew P
Grant Deed
related
—
Nov 6, 1992
$940,000
Speedway Plaza INC
Unknown
Grant Deed
—
—
—
Speedway Plaza LLC
—
Deed Of Trust
related
$500,000 · Heritage Bank Nevada
—
—
Speedway Plaza LLC
—
Deed Of Trust
related
$630,000 · Heritage 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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