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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
15435 Wedge Pkwy, Reno, NV 89511-3325
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0817331
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
WOOD
Total area
4,544 SF
Lot
3.87 ac (168,577 SF)
Zoning code
SPD
APN
142-501-02
UPID
US62-0817331
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
-
Atencio Dentistry of Reno NV Dental Office
-
Longboards Beach Fired Pizza - South Reno Restaurant
-
The Cheese Board Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$670k
Owner & transaction history
Meadows Reno LLC · 6 yrs held
Meadows Reno LLC
since 2020
2 recorded transactions
Zoning & alternative use
SPD · 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
$530,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$147 / 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
$71,322
Tax year 2023
Assessed value
$2,061,451
Assessed 2023
Previous assessed
$1,498,165
+37.6% YoY
Effective rate
3.46%
On assessed value
Assessed land
$708,023
Assessed improvement
$1,353,428
Land market value
$2,022,924
Improvement market value
$3,866,937
Total market value
$5,889,861
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
4,544 SF
Lot
3.87 ac (168,577 SF)
Zoning code
SPD
APN
142-501-02
UPID
US62-0817331
Jurisdiction
WASHOE
Zoning & alternative use
SPD · Reno, NV
Zoning SPD · permitted uses
SPD · 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.
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
3.87 ac
Current owner
From public records · entity-resolved
Meadows Reno LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2801 WOODSIDE ST, DALLAS, TX 75204-2523
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Meadows Reno LLC
—
Deed
related
$11,000,000 · Farmers And Merchants Bank Of Long Beach
Apr 9, 2020
—
Meadows Reno LLC
Wedge 78 LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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