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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Turn key restaurants
243 Sierra St Reno, NV 89501-1939
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0097041
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,950 SF
Lot
0.09 ac (4,008 SF)
Zoning code
MDRD
APN
011-163-08
UPID
US62-0097041
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
-
Old Granite Street Eatery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$1.06M
Owner & transaction history
Silver Horse LLC · 2 yrs held
Silver Horse LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MDRD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+27.6%
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
$980,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Current use
COMMERCIAL (GENERAL)
$1,040,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.07M (Oct 4 2023)
Last sale anchor
$1.07M
Oct 4 2023
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
$541 / 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
$2,934
Tax year 2023
Assessed value
$82,157
Assessed 2023
Previous assessed
$65,476
+25.5% YoY
Effective rate
3.57%
On assessed value
Assessed land
$41,160
Assessed improvement
$40,997
Land market value
$117,600
Improvement market value
$117,134
Total market value
$234,734
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,950 SF
Lot
0.09 ac (4,008 SF)
Zoning code
MDRD
APN
011-163-08
UPID
US62-0097041
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NV
Zoning MDRD · permitted uses
MDRD · 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 Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
MEDICAL BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Silver Horse LLC
Entity
Mailing address
PO BOX 1211, ZEPHYR COVE, NV 89448-1211
Ownership since
2023
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
Oct 4, 2023
—
Silver Horse LLC
Silver Horse LLC
Intrafamily Transfer
related
—
Sep 29, 2023
—
Silver Horse LLC
Carl F Worden
Quit Claim Deed
related
—
Jun 24, 2022
$1,072,500
Carl Worden
Sgre Granite LLC
Bargain And Sale Deed
—
Apr 26, 2021
—
Sgre Granite LLC
—
Deed
related
$470,000 · Z Loan & Investment LLC
Apr 2, 2018
—
Sgre Granite LLC
—
Deed
related
$600,000 · Dorostkar Mina Living Tr (pt)
Sep 29, 2017
$500,000
Sgre Granite LLC
Wic Holdings LLC
Grant Deed
—
Dec 7, 2009
$385,000
Wic Holdings LLC
Monroe,james W & Roberta L
Grant Deed
—
Sep 7, 2004
—
James W Monroe
Monroes,roberta L & James W
Quit Claim Deed
related
$333,750 · Interbay Funding LLC
Apr 10, 2001
$330,000
James W Monroe
Logar,ronald J
Grant Deed
$280,500 · Bank Of America
—
—
Sgre Granite LLC
—
Deed Of Trust
related
$600,000 · Dorostkar Mina Living Tr (pt)
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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