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Property profile & analytics
OFF-MARKET
Estimated value
$11,450,000
Grocery and convenience stores
195 Plumb Ln Reno, NV 89509-3450
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0498450
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,996 SF
Lot
3.02 ac (131,682 SF)
Zoning code
MU
APN
014-251-53
UPID
US62-0498450
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
-
Save Mart Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Amazon Locker - Caharia Courier Service Postal Service
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.33M
CAP Approach
CAP
$9.35M
Comparable Approach
Comparable
$9.77M
Blend (final)
Blend
$11.45M
Owner & transaction history
Lakeside Plaza LLC · 6 yrs held
Lakeside Plaza LLC
since 2020
Last sale
$12.7M
5 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.8M
+35.8%
Auto repair, garage
$16.2M
+30.9%
Apartment house (5+ units)
$15.8M
+28.4%
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
$12,905,000
ML approach
$11,330,000
CAP Approach
CAP Return
Estimation
6%
$10,125,000
6.5%
$9,345,000
7%
$8,675,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,340,000
Current use
MEDICAL BUILDING
$16,750,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,150,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,845,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$13,625,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$11.45M
Range $10.31M – $12.60M · ±10% · vs last sale $12.68M (Feb 28 2020)
Last sale anchor
$12.68M
Feb 28 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
$239 / 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
$67,433
Tax year 2023
Assessed value
$1,984,996
Assessed 2023
Previous assessed
$1,703,219
+16.5% YoY
Effective rate
3.40%
On assessed value
Assessed land
$599,076
Assessed improvement
$1,385,920
Land market value
$1,711,645
Improvement market value
$3,959,770
Total market value
$5,671,415
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
47,996 SF
Lot
3.02 ac (131,682 SF)
Zoning code
MU
APN
014-251-53
UPID
US62-0498450
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.3M
MEDICAL BUILDING
Est. value
$16.8M
AUTO REPAIR, GARAGE
Est. value
$16.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$13.6M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Lakeside Plaza LLC
Entity
Mailing address
11345 SANTA MONICA BLVD, LOS ANGELES, CA 90025-3151
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$12,678,000
Lakeside Plaza LLC
Park Place Lakeside LP
Bargain And Sale Deed
$8,240,000 · Pacific Premier Bank
Dec 21, 2007
—
Record Owner
Owner,record
Quit Claim Deed
—
Dec 21, 2007
$340,500
Lakeside
1565 President Apartments
Grant Deed
$11,500,000 · Nationwide Life Insurance Co
Nov 23, 2004
$21,484,000
Lakeside Plaza I LLC
Lakeside-nev Ltd Ptshp II
Grant Deed
related
—
Mar 1, 1996
$4,052,000
Lakeside-nev LP II
Albertsons INC
Grant Deed
—
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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