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    1885 Virginia St Reno, NV 89502-3401
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    Property profile & analytics

    1885 Virginia St, Reno, NV 89502-3401

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    • Motels
    • 8,854 SF
    • 2.83 lot acres
    Off-Market
    Last Sale Aug 12, 2022
    $4,600,000
    Property ID
    US62-1245002
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Econo Lodge Near Reno-Sparks Convention Center / Hotel & Motel
    • Motel 6 / Cafe & Coffee Shop
    • Pizza Twist / Restaurant

    Property Details for 1885 Virginia St

    Year built
    1963
    Construction
    WOOD
    Lot size
    2.83 lot acres
    Zone code
    MU
    Property type
    Motels
    APN
    014-251-07
    APU
    1425107

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 12, 2022 — City Of Reno Regional Trans Commission Of Washoe Intrafamily Transfer · related —
    Jun 9, 2022 — Donner Inn LP — Deed · related $2M · United States Small Business Admin
    Sep 25, 2019 — Donner Inn LP — Deed · related $3.3M · Bank Of Hope
    Jul 12, 2017 $4,600,000 Donner Inn LP R & S Investments Of Nevada LLC Grant Deed $3.2M · Hana Small Busn Lndg
    Oct 20, 2015 $1,835,000 R And S Investments Of Nevada LLC Nevada Investments 5 LLC Bargain And Sale Deed —
    Aug 7, 2006 — Nevada Investments 5 LLC Nevada Investments 5 LLC Quit Claim Deed $2.5M · Silver State Bank
    Jun 15, 2006 $4,597,560 Nevada Quality Investments LLC Meyer Crest Ltd Grant Deed $2.5M · Silver State Bank
    Apr 3, 1990 $4,500,000 Meyer Motels Ltd Unknown Grant Deed —
    — — Donner Inn LP — Deed Of Trust · related $3.3M · Bank Of Hope
    — — Nevada Investments 5 LLC — Deed Of Trust · related $1.4M · Nevada State Development Corp
    — — Meyer Crest Ltd — Deed Of Trust · related $7M · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,245,000
      ML approach
      $5,035,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,955,000
      Market price range: $1.72M - $3.96M
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,925,000
      Current use
      COMMERCIAL (GENERAL)
      $5,815,000
      Change: +99% Conversion: Difficult
      RESTAURANT
      $3,620,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,555,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $3,090,000
      Change: +6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,925,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,830,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.804
    Latitude
    39.5063
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,472
    $846,250
    $875,123
    $1,721,373
    -
    $2,417,856
    $2,500,351
    $4,918,207
    More about this property
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