New search
Property profile & analytics
FOR SALE
Strip malls
1870 Vassar St, Reno, NV 89510
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0356981
For Sale
1 / 13
$2,200,000
1870 Vassar St, Reno, NV 89510
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,672 SF
Lot
0.45 ac (19,602 SF)
Zoning code
GC
APN
013-333-01
UPID
US62-0356981
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
-
Instant Smog Inc Auto Repair Shop
-
Vassar Market Grocery & Convenience Store Food Market
-
3 Way of Nevada Car Dealership
-
Q's Quik Smog Sustainability Organization
-
Iglesia de Cristo Shekina Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Mt Enterprises LLC · 5 yrs held
Mt Enterprises LLC
since 2020
Last sale
$750,000
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
Method
Estimation
Statistic approach
$940,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,265,000
7%
$1,175,000
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $750k (Nov 20 2020)
Last sale anchor
$750k
Nov 20 2020
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
$163 / 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
$5,628
Tax year 2023
Assessed value
$272,374
Assessed 2023
Previous assessed
$227,569
+19.7% YoY
Effective rate
2.07%
On assessed value
Assessed land
$123,493
Assessed improvement
$148,881
Land market value
$352,836
Improvement market value
$425,373
Total market value
$778,209
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,672 SF
Lot
0.45 ac (19,602 SF)
Zoning code
GC
APN
013-333-01
UPID
US62-0356981
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mt Enterprises LLC
Entity
Mailing address
1870 VASSAR ST STE #4, RENO, NV 89502-2164
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Mt Enterprises LLC
—
Deed
related
$580,000 · United Federal Credit Union
Jan 6, 2021
—
Mt Enterprises LLC
—
Deed
related
$311,000 · Nevada State Development Corporation
Nov 20, 2020
$750,000
Mt Enterprises LLC
Q2 Family Trust 2018
Bargain And Sale Deed
$375,000 · United FCU
Nov 20, 2020
—
Mt Enterprises LLC
—
Deed
related
$300,000 · United FCU
Apr 19, 2018
—
Q2 Family Trust-2018 Trust
Quain,kyle & Shayna
Quit Claim Deed
related
—
Aug 31, 2017
—
Kyle Quain
Quilici Paul A Family Trust
Grant Deed
related
$350,000 · Quilici Paul A Family Tr (pt)
Oct 1, 1990
$87,500
Paul A Quilici
Unknown
Grant Deed
—
—
—
Mt Enterprises LLC
—
Deed Of Trust
related
$300,000 · United FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
