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Property profile & analytics
FOR SALE
Strip malls
1565 Vassar St Reno, NV 89502
Entity Owned
~
Est. High Equity
Property ID
US62-0379479
For Sale
1 / 66
$6,900,000
1565 Vassar St, Reno, NV 89502
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,492 SF
Lot
4.16 ac (181,297 SF)
Zoning code
GC
APN
013-260-06
UPID
US62-0379479
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
-
D'Bimori Salon Hair Salon
-
Melenitas Unisex Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.31M
Owner & transaction history
Pinus Jeffereyi LLC
Pinus Jeffereyi LLC
since 2026
7 recorded transactions
Zoning & alternative use
GC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$142 / 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
$34,750
Tax year 2023
Assessed value
$1,270,998
Assessed 2023
Previous assessed
$1,057,546
+20.2% YoY
Effective rate
2.73%
On assessed value
Assessed land
$793,170
Assessed improvement
$477,828
Land market value
$2,266,200
Improvement market value
$1,365,223
Total market value
$3,631,423
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
For Sale
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
37,492 SF
Lot
4.16 ac (181,297 SF)
Zoning code
GC
APN
013-260-06
UPID
US62-0379479
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.16 ac
Current owner
From public records · entity-resolved
Pinus Jeffereyi LLC
Entity
Mailing address
PO BOX 2036, SARATOGA, CA 95070-0036
Ownership since
2026
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
May 8, 2026
$6,535,000
Pinus Jeffereyi LLC
George Kordestani
Bargain & Sale Deed
$5,360,000 · Robert Fishman Trust
May 8, 2026
—
Pinus Jeffereyi LLC
George Kordestani
Deed
—
Apr 23, 2025
—
George H Kordestani
Nancy Louise Kordestani
Deed
related
—
Sep 12, 2023
—
George H Kordestani
—
Deed
related
$1,100,000 · Jennifer J Kordestani
Jun 17, 2008
—
George H Kordestani
Kordestani George Trust
Quit Claim Deed
related
$1,500,000 · First Republic Bank
Aug 9, 2007
—
Kordestani George Trust
Kordestani,nancy L
Quit Claim Deed
related
—
Jun 7, 2007
—
Kordestani George H Trust
Hrf Properties INC
Quit Claim Deed
related
—
Apr 3, 2007
—
Kordestani George Trust
Kordestani,george H
Quit Claim Deed
related
—
May 5, 1994
—
Kordestani Trust
Kordestani,georg
Quit Claim Deed
related
—
Mar 11, 1994
$1,140,000
George H Kordestani
Westland Investm
Grant Deed
$900,000 · Owens Financial Group INC
—
—
George H Kordestani
—
Deed Of Trust
related
$1,650,000 · First Republic 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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