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Property profile & analytics
OFF-MARKET
Estimated value
$6,620,000
Automotive properties
2270 Kietzke Ln Reno, NV 89502-3650
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0081310
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,865 SF
Lot
4.07 ac (177,463 SF)
Zoning code
GC
APN
015-301-36
UPID
US62-0081310
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
-
Lithia Reno Subaru Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$6.62M
Owner & transaction history
Lithia Real Estate INC · 6 yrs held
Lithia Real Estate INC
since 2020
Last sale
$6.0M
4 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$10.5M
+3.2%
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
$7,520,000
ML approach
$7,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,520,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,780,000
Change: -14% · Conversion: Easy
RETAIL STORES
$8,685,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.62M
Range $5.96M – $7.28M · ±10% · vs last sale $6.00M (Apr 7 2020)
Last sale anchor
$6.00M
Apr 7 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
$208 / 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
$73,089
Tax year 2023
Assessed value
$2,238,573
Assessed 2023
Previous assessed
$1,877,479
+19.2% YoY
Effective rate
3.26%
On assessed value
Assessed land
$1,062,116
Assessed improvement
$1,176,457
Land market value
$3,034,617
Improvement market value
$3,361,306
Total market value
$6,395,923
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
31,865 SF
Lot
4.07 ac (177,463 SF)
Zoning code
GC
APN
015-301-36
UPID
US62-0081310
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NVZoning GC · permitted uses
GC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
RETAIL STORES
Est. value
$8.7M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Free & Clear · 6 yrs held
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6015
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2020
$6,000,000
Lithia Real Estate INC
Moreland Nevada Properties LLC
Warranty Deed
—
Aug 31, 2011
—
Moreland Nevada Properties LLC
Moreland Properties LLC
Quit Claim Deed
related
—
Mar 31, 2000
$3,307,500
Moreland Properties LLC
Chrysler Realty Corp
Grant Deed
$2,900,000 · Seller
Jun 20, 1991
$3,092,004
Chrysler Realty Corporation
Unknown
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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