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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Turn key restaurants
2205 4th St Reno, NV 89503-5014
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0094829
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Construction
WOOD
Total area
7,641 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MS
APN
006-213-15
UPID
US62-0094829
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
-
Mi Casa Too Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Richard J Lazzareschi · 5 yrs held
Richard J Lazzareschi
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban is generally appropriate within or adjacent to areas identified as Corridors, Employment Areas, and Mixed-Use within the Master Plan Structu…
Zone name
Mixed Use Suburban
General category
MIXED_USE
Zone area
2,997.07 ac
Source
Realmo
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
$1,315,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.22M (Mar 25 2021)
Last sale anchor
$1.22M
Mar 25 2021
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
$172 / 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
$9,236
Tax year 2023
Assessed value
$338,861
Assessed 2023
Previous assessed
$268,508
+26.2% YoY
Effective rate
2.73%
On assessed value
Assessed land
$193,070
Assessed improvement
$145,791
Land market value
$551,628
Improvement market value
$416,545
Total market value
$968,173
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,641 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MS
APN
006-213-15
UPID
US62-0094829
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NVZoning MS · permitted uses
MS · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban is generally appropriate within or adjacent to areas identified as Corridors, Employment Areas, and Mixed-Use within the Master Plan Structure.
Zone name
Mixed Use Suburban
General category
MIXED_USE
Zone area
2,997.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Richard J Lazzareschi
Individual
Mailing address
PO BOX 1477, CARNELIAN BAY, CA 96140-1477
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$1,220,000
Richard J Lazzareschi
Westdale Capital Investors I Ltd
Grant Deed
$570,000 · Bank Of The West
Apr 1, 2015
$655,000
Westdale Cap Invtrs I Ltd
Western Title Co LLC
Grant Deed
related
—
Apr 4, 2003
—
Mt Properties INC
—
Deed Of Trust
related
$1,700,000 · Nevada State Bank
—
—
Mt Properties INC
—
Deed Of Trust
related
$200,000 · Linda Viviane Trust
—
—
Mt Properties INC
—
Deed Of Trust
related
$250,000 · L/p Associates LLC
—
—
Mt Properties INC
—
Deed Of Trust
related
$574,560 · Lee Bros Leesing INC Psp & Tr
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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