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    1981 Terminal Way Reno, NV 89502-3215

    • Motels
    • 161,348 SF
    • 5.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 22, 2024
    Location Intelligence
    Property ID
    US62-0494487
    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.

    Current Use by Public Records

    • Airport Plaza Hotel / Hotel
    • SureStay Plus By Best Western Reno Airport / Hotel
    • Airport Hotel & Conference Center / Indoor Lodging
    • Reno / Bed & Breakfast
    • Best Western Airport Plaza Hotel - Reno-Tahoe International Airport RNO / Parking Lot

    Property Details for 1981 Terminal Way

    Year built
    1982
    Construction
    WOOD
    Lot size
    5.34 lot acres
    Property size
    161,348 SF
    Zone code
    MA
    Property type
    Motels
    APN
    013-341-27
    APU
    1334127

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.779
    Latitude
    39.508
    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
    $130,463
    $854,522
    $2,922,483
    $3,777,005
    -
    $2,441,492
    $8,349,950
    $10,791,442

    Comparable in this City

    • Value Estimation
      $315,000
      6,776 SF

      49 High St

      MOTEL • 6,776 SF
      49 High St, Reno, NV 89502-1086
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    • Value Estimation
      $1,430,000
      4,576 SF

      61 Park St

      MOTEL • 4,576 SF
      61 Park St, Reno, NV 89502-1273
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    • Value Estimation by Request
      4,058 SF

      3131 Virginia St

      MOTEL • 4,058 SF
      3131 Virginia St, Reno, NV 89502-4505
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    • Value Estimation by Request
      1,954 SF

      2456 Vassar St

      MOTEL • 1,954 SF
      2456 Vassar St, Reno, NV 89502-3233
      View Details
    • Value Estimation
      $2,555,000
      8,080 SF

      941 Virginia St

      MOTEL • 8,080 SF
      941 Virginia St, Reno, NV 89502-2415
      View Details
    • Value Estimation
      $360,000
      6,424 SF

      63 High St

      MOTEL • 6,424 SF
      63 High St, Reno, NV 89502-0852
      View Details

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    Similar Nearby for Lease

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      Class A Office Suites Available
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      Single-story warehouse/distribution center with rear loading.
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      Retail space available for lease in Reno, Nevada.
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      View Details
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    1981 Terminal Way
    Reno, NV 89502-3215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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