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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Auto shops
1500 Virginia St, Reno, NV 89502-2808
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0083551
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,458 SF
Lot
0.58 ac (25,178 SF)
Zoning code
MUMC
APN
014-234-22
UPID
US62-0083551
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
-
King Reno Tacos Take-out & Catering Catering Service
-
Townsend Bohm Loan Service Bank
-
AR Workshop Reno Training Center (Bike/Boat/Book/etc) Store
-
Wolf City Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$660k
Owner & transaction history
City Of Reno · 3 yrs held
City Of Reno
since 2022
Last sale
$610,000
6 recorded transactions
Zoning & alternative use
MUMC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+105.3%
Neighborhood: shopping center
$585,000
+25.6%
Medical building
$510,000
+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
$695,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$465,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$395,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $610k (Aug 12 2022)
Last sale anchor
$610k
Aug 12 2022
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
$453 / 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
$6,087
Tax year 2023
Assessed value
$242,749
Assessed 2023
Previous assessed
$190,973
+27.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$222,061
Assessed improvement
$20,688
Land market value
$634,460
Improvement market value
$59,108
Total market value
$693,568
Applied tax rate
1,002.0000
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
1,458 SF
Lot
0.58 ac (25,178 SF)
Zoning code
MUMC
APN
014-234-22
UPID
US62-0083551
Jurisdiction
WASHOE
Zoning & alternative use
MUMC · Reno, NV
Zoning MUMC · permitted uses
MUMC · 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
$465,000
COMMERCIAL (GENERAL)
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$585,000
MEDICAL BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$395,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
City Of Reno
Entity
Free & Clear · 3 yrs held
Mailing address
3685 SIENNA SMT CT, RENO, NV 89512-1371
Ownership since
2022
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
Aug 12, 2022
—
City Of Reno
Regional Trans Commission Of Washoe
Intrafamily Transfer
related
—
Jan 18, 2011
—
Baljit Kaur
Singh,harmel
Grant Deed
—
Jan 18, 2011
$610,000
Baljit Kaur
Nevada St Bk
Grant Deed
—
Aug 24, 2010
$630,859
Nevada St. Bk
Western Title Co LLC
Trustees Deed
related
—
Sep 24, 2004
—
Mirr INC
Reno Tahoe Ventures INC
Grant Deed
related
—
Jun 19, 2002
$490,000
Tahoe Ventures INC
Hill Properties Ltd
Grant Deed
$318,500 · Heritage Bank Nevada
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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