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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Hotels
1790 Plumb Ln Reno, NV 89502-3614
Individually Owned
19-yr Hold
Free & Clear
Property ID
US62-0277356
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
77,165 SF
Lot
2.6 ac (113,256 SF)
Zoning code
MA
APN
015-361-02
UPID
US62-0277356
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
-
Hyatt Place Reno-Tahoe Airport Hotel & Motel
-
Circus circus hotel Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
SUV Rental Reno Car Rental Facility
-
grand sierra resort Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
Owner Name Unavailable · 19 yrs held
Owner Name Unavailable
since 2007
5 recorded transactions
Zoning & alternative use
MA · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MA district is intended to promote a broad range of transportation, service, and employment uses on Reno Tahoe Airport Authority (RTAA) property that compliment and are compatible with RTAA's core mission of maintaining and expanding aviation services and facilities to meet regional demand, while recognizing the unique operational requirements of each ai…
Zone name
Mixed Use Airport
General category
MIXED_USE
Zone area
6,328.47 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,350,000
6.5%
$6,785,000
7%
$6,300,000
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±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
$75 / 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
$456
Tax year 2023
Assessed value
$4,301,874
Assessed 2023
Previous assessed
$3,623,512
+18.7% YoY
Effective rate
0.01%
On assessed value
Assessed land
$416,216
Assessed improvement
$3,885,658
Land market value
$1,189,188
Improvement market value
$11,101,879
Total market value
$12,291,067
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
6
Total area
77,165 SF
Lot
2.6 ac (113,256 SF)
Zoning code
MA
APN
015-361-02
UPID
US62-0277356
Jurisdiction
WASHOE
Zoning & alternative use
MA · Reno, NVZoning MA · permitted uses
MA · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MA district is intended to promote a broad range of transportation, service, and employment uses on Reno Tahoe Airport Authority (RTAA) property that compliment and are compatible with RTAA's core mission of maintaining and expanding aviation services and facilities to meet regional demand, while recognizing the unique operational requirements of each airport.
Zone name
Mixed Use Airport
General category
MIXED_USE
Zone area
6,328.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Lot
2.6 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 2186, MONROE, LA 71207-2186
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Reno Airport Lodging LLC
—
Deed
related
$8,054,003 · B1bank
Aug 7, 2014
—
Reno Airport Lodging LLC
—
Grant Deed
related
$38,000,000 · Redwood Com'l Mtg Corp
Jan 24, 2007
—
Owner Name Unavailable
Airport Authority Of Washoe Co
Grant Deed
related
—
—
—
Reno Airport Lodging LLC
—
Deed Of Trust
related
$15,400,000 · Standard Insurance Co
—
—
Reno Airport Lodging LLC
—
Deed Of Trust
related
$15,000,000 · Standard Insurance Co
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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