Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Specialty properties
2403 4th St Reno, NV 89512-3843
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0322026
Property profile
Verified
Property type
Specialty properties
Use group
KENNEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,748 SF
Lot
0.32 ac (14,000 SF)
Zoning code
MU
APN
008-226-21
UPID
US62-0322026
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
-
Pet Play House Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Reno Pet Play House LLC · 4 yrs held
Reno Pet Play House LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
MU · 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
$2,080,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,345,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,770,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,615,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,530,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,385,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±10% · vs last sale $2.14M (Jan 12 2022)
Last sale anchor
$2.14M
Jan 12 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
$182 / 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
$16,511
Tax year 2023
Assessed value
$495,239
Assessed 2023
Previous assessed
$417,377
+18.7% YoY
Effective rate
3.33%
On assessed value
Assessed land
$42,875
Assessed improvement
$452,364
Land market value
$122,500
Improvement market value
$1,292,469
Total market value
$1,414,969
Applied tax rate
1,002.0000
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
Specialty properties
Use group
KENNEL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
3
Total area
11,748 SF
Lot
0.32 ac (14,000 SF)
Zoning code
MU
APN
008-226-21
UPID
US62-0322026
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
Reno Pet Play House LLC
Entity
Mailing address
820 LAMPE RD, RENO, NV 89511-4717
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
—
Rpph Real Estate LLC
—
Deed
related
$1,075,000 · Live Oak Banking Company
Feb 22, 2022
—
Reno Pet Play House LLC
Rpph Real Estate LLC
Assignment Of Lease (leasehold Sale)
$876,000 · The Mortgage Capital Development Corp
Jan 12, 2022
$2,138,947
Rpph Real Estate LLC
Frank Jaramillo
Bargain And Sale Deed
$1,075,000 · Plumas Bank
Jun 16, 2020
—
Frank M Jaramillo
—
Deed
related
—
Apr 1, 2010
—
Frank M Jaramillo
Frank Jaramillo
Intrafamily Transfer
related
$808,000 · Us Bank NA
Mar 5, 2008
—
Frank Jaramillo
Jaramillo,frank
Quit Claim Deed
related
—
Jan 25, 2007
$210,000
Frank Jaramillo
Hernandez,leland
Quit Claim Deed
related
—
Dec 27, 2001
—
Hernandez Trust
Strange Trust
Grant Deed
related
—
May 13, 1988
$73,500
Leland F Hernandez
Unknown
Grant Deed
—
—
—
Frank M Jaramillo
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2403 4th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
