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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Auto shops
2101 Timber Way Reno, NV 89512
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0410222
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,550 SF
Lot
0.28 ac (11,979 SF)
Zoning code
ME
APN
004-130-04
UPID
US62-0410222
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
-
Reno Mobile Truck Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Crossroads Real Estate Holdings LLC · 3 yrs held
Crossroads Real Estate Holdings LLC
since 2022
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
ME · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The ME district is intended to provide a mix of employment focused uses such as light manufacturing, processing, wholesaling, flex space, research and development, and offices. Secondary uses include supportive services such as small-scale retail, restaurants, and caretaker's quarters. Buildings are typically smaller than those found in the Industrial (I) Di…
Zone name
Mixed Employment
General category
INDUSTRIAL
Zone area
829.41 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.0M
+58.4%
Restaurant
$2.3M
+21.6%
Neighborhood: shopping center
$2.2M
+19.4%
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
$3,200,000
ML approach
$3,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,960,000
Change: +58% · Conversion: Moderate
RESTAURANT
$2,270,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,230,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.29M (Nov 4 2022)
Last sale anchor
$3.29M
Nov 4 2022
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
$596 / 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
$2,510
Tax year 2023
Assessed value
$77,832
Assessed 2023
Previous assessed
$63,928
+21.7% YoY
Effective rate
3.22%
On assessed value
Assessed land
$29,349
Assessed improvement
$48,483
Land market value
$83,853
Improvement market value
$138,523
Total market value
$222,376
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,550 SF
Lot
0.28 ac (11,979 SF)
Zoning code
ME
APN
004-130-04
UPID
US62-0410222
Jurisdiction
WASHOE
Zoning & alternative use
ME · Reno, NVZoning ME · permitted uses
ME · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The ME district is intended to provide a mix of employment focused uses such as light manufacturing, processing, wholesaling, flex space, research and development, and offices. Secondary uses include supportive services such as small-scale retail, restaurants, and caretaker's quarters. Buildings are typically smaller than those found in the Industrial (I) District; however, may also include campus-like employment and educational development.
Zone name
Mixed Employment
General category
INDUSTRIAL
Zone area
829.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Crossroads Real Estate Holdings LLC
Entity
Mailing address
15285 CHELSEA DR, SAN JOSE, CA 95124-2708
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$3,288,300
Crossroads Real Estate Holdings LLC
Alan Trimble
Bargain And Sale Deed
$4,200,000 · Live Oak Banking Company
Jun 6, 1995
$254,500
Walter L Trimble
Quaglieri,charles & Mary Ann
Grant Deed
$192,500 · Seller
Jul 12, 1990
$235,000
Charles Quaglieri
Unknown
Grant Deed
—
—
—
Walter L Trimble
—
Deed Of Trust
related
$198,750 · Us Bank NA
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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