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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Drive through restaurants
1485 Geiger Grade Rd Reno, NV 89521-8445
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0324894
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,419 SF
Lot
0.99 ac (43,217 SF)
Zoning code
GC
APN
017-051-02
UPID
US62-0324894
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
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$830k
Owner & transaction history
Kane Enterprises LLC · 2 yrs held
Kane Enterprises LLC
since 2023
Last sale
$850,000
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
Top alternative use upside
Commercial (general)
$755,000
+30.3%
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
$780,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$580,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $850k (Aug 16 2023)
Last sale anchor
$850k
Aug 16 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
$585 / 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
$3,906
Tax year 2023
Assessed value
$141,916
Assessed 2023
Previous assessed
$126,039
+12.6% YoY
Effective rate
2.75%
On assessed value
Assessed land
$99,831
Assessed improvement
$42,085
Land market value
$285,232
Improvement market value
$120,243
Total market value
$405,475
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
1,419 SF
Lot
0.99 ac (43,217 SF)
Zoning code
GC
APN
017-051-02
UPID
US62-0324894
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Kane Enterprises LLC
Entity
Mailing address
15485 CALLAHAN RD, RENO, NV 89511-5006
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
Kane Enterprises LLC
—
Deed
related
$527,000 · Nevada State Development Corporation
Oct 13, 2023
—
Kane Enterprises LLC
Rapico LLC
Re-recorded Document
related
$513,000 · Meadows Bank
Aug 16, 2023
$850,000
Kane Enterprises LLC
Rapico LLC
Bargain And Sale Deed
$689,846 · Meadows Bank
May 6, 2021
$575,000
Rapico LLC
Steamboat Pizza Incorporated
Bargain And Sale Deed
$824,000 · Samll Business Lending
Jan 12, 2018
—
Steamboat Pizza INC
Hunt David J Living Trust
Grant Deed
related
—
Dec 21, 2017
—
Steamboat Pizza INC
Hunt David J Living Trust
Grant Deed
—
Apr 16, 2013
—
Hunt David J Living Trust
Steamboat Pizza INC
Grant Deed
related
—
Mar 27, 2013
—
Hunt David J Living Trust
Steamboat Pizza INC
Grant Deed
—
Sep 15, 1992
$179,500
Steamboat Pizza INC
Unknown
Grant Deed
—
—
—
Steamboat Pizza INC
—
Deed Of Trust
related
$35,000 · Individual
—
—
Steamboat Pizza INC
—
Deed Of Trust
related
$242,000 · Bank Of America
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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