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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Motels
1661 6th St Reno, NV 89512-3786
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0735922
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,712 SF
Lot
1.39 ac (60,505 SF)
Zoning code
MU
APN
008-542-03
UPID
US62-0735922
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
-
Mac Gregor. Is now the Easy inn Apartment Building
-
Easy Inn Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.55M
Owner & transaction history
Eagle Valley Group LLC Easy Inn Ser · 1 yrs held
Eagle Valley Group LLC Easy Inn Ser
since 2024
Last sale
$1.6M
4 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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$2,260,000
6.5%
$2,085,000
7%
$1,935,000
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Dec 27 2024)
Last sale anchor
$1.55M
Dec 27 2024
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
$65 / 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
$15,816
Tax year 2023
Assessed value
$442,745
Assessed 2023
Previous assessed
$383,327
+15.5% YoY
Effective rate
3.57%
On assessed value
Assessed land
$101,665
Assessed improvement
$341,080
Land market value
$290,472
Improvement market value
$974,513
Total market value
$1,264,985
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
3
Stories
2
Units
103
Total area
23,712 SF
Lot
1.39 ac (60,505 SF)
Zoning code
MU
APN
008-542-03
UPID
US62-0735922
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.
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Units
103
Lot
1.39 ac
Current owner
From public records · entity-resolved
Eagle Valley Group LLC Easy Inn Ser
Entity
Free & Clear · 1 yrs held
Mailing address
2406 PRATER WAY, SPARKS, NV 89431-4122
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Eagle Valley Group LLC Easy Inn Ser
Eagle Valley Group LLC Easy Inn Ser
Deed
related
—
Dec 15, 2021
—
Bajwa Properties LLC
—
Deed
related
$5,000,000 · Western Alliance Bank
Sep 4, 2014
—
Bajwa Properties LLC-easy Inn
Bajwa Properties LLC-easy Inn
Quit Claim Deed
related
$450,000 · Nevada St Dev
Jul 22, 2014
$1,550,000
Bajwa Properties LLC Easy Inn Serie
Six Gun Group
Bargain And Sale Deed
$775,000 · Western Alliance 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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