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Property profile & analytics
OFF-MARKET
Estimated value
$12,830,000
Turn key restaurants
200 University Way Reno, NV 89501-1414
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0363389
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
77,304 SF
Lot
1.81 ac (79,061 SF)
Zoning code
MDED
APN
011-071-26
UPID
US62-0363389
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.47M
Blend (final)
Blend
$12.83M
Owner & transaction history
Reno City Mezzanine Borrower LLC · 4 yrs held
Reno City Mezzanine Borrower LLC
since 2022
7 recorded transactions
Zoning & alternative use
MDED · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.83M
Range $11.55M – $14.11M · ±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
$166 / 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
$187,525
Tax year 2023
Assessed value
$3,856,973
Assessed 2023
Previous assessed
$3,856,974
0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$654,185
Assessed improvement
$3,202,788
Land market value
$1,869,101
Improvement market value
$9,150,823
Total market value
$11,019,924
Applied tax rate
1,001.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
4
Stories
2
Units
411
Bathrooms
530
Total area
77,304 SF
Lot
1.81 ac (79,061 SF)
Zoning code
MDED
APN
011-071-26
UPID
US62-0363389
Jurisdiction
WASHOE
Zoning & alternative use
MDED · Reno, NV
Zoning MDED · permitted uses
MDED · 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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
4
Units
411
Bathrooms
530
Lot
1.81 ac
Current owner
From public records · entity-resolved
Reno City Mezzanine Borrower LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9325 W SAHARA AVE, LAS VEGAS, NV 89117-5350
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
Reno City Mezzanine Borrower LLC
Reno City Center LLC
Bargain And Sale Deed
—
Feb 24, 2021
—
Reno City Center LLC
—
Deed
related
$100,000,000 · Parkview Financial Reit LP
Sep 16, 2019
—
Harrahs Reno LLC
—
Deed
related
—
Apr 9, 2018
—
Ceoc LLC
—
Grant Deed
related
—
Feb 20, 2018
—
Harrahs Reno LLC
—
Grant Deed
related
—
Oct 12, 2017
—
Harrahs Reno LLC
Caesars Entertainment Operatin
Grant Deed
—
Jun 17, 2009
—
Harrahs Operating Co INC
—
Deed Of Trust
related
—
Feb 6, 2008
—
Harrahs Operating Co INC
—
Deed Of Trust
related
—
Feb 5, 2008
—
Harrahs Operating Co INC
Harrahs Club
Quit Claim Deed
related
—
—
—
Harrahs Reno LLC
—
Loan Modification
related
—
—
—
Embassy Suites INC
—
Deed Of Trust
related
—
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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