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Property profile & analytics
OFF-MARKET
Motels
2456 Vassar St Reno, NV 89502-3233
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-1303885
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2005
Construction
WOOD
Total area
1,954 SF
Lot
2.22 ac (96,703 SF)
Zoning code
IC
APN
013-331-23
UPID
US62-1303885
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
-
Vassar Self Storage Storage Facility
-
Silver Concrete Solutions Construction Company General Contractor
-
Advantage Insurance LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bell Properties III Ltd · 13 yrs held
Bell Properties III Ltd
since 2013
7 recorded transactions
Zoning & alternative use
IC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IC district is intended to provide for a mix of industrial, research and development, and commercial uses. Sites are commonly comprised of moderate-footprint buildings (generally less than 500000 square feet) designed for warehousing, flex space, manufacturing, and supporting office uses. This zoning district should be separate from residential developme…
Zone name
Industrial Commercial
General category
INDUSTRIAL
Zone area
1,978.27 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$35,999
Tax year 2023
Assessed value
$1,054,518
Assessed 2023
Previous assessed
$909,688
+15.9% YoY
Effective rate
3.41%
On assessed value
Assessed land
$372,307
Assessed improvement
$682,211
Land market value
$1,063,733
Improvement market value
$1,949,174
Total market value
$3,012,907
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Units
4
Total area
1,954 SF
Lot
2.22 ac (96,703 SF)
Zoning code
IC
APN
013-331-23
UPID
US62-1303885
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NVZoning IC · permitted uses
IC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IC district is intended to provide for a mix of industrial, research and development, and commercial uses. Sites are commonly comprised of moderate-footprint buildings (generally less than 500000 square feet) designed for warehousing, flex space, manufacturing, and supporting office uses. This zoning district should be separate from residential development by natural and man-made buffers.
Zone name
Industrial Commercial
General category
INDUSTRIAL
Zone area
1,978.27 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
2.22 ac
Current owner
From public records · entity-resolved
Bell Properties III Ltd
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 1116, ARCATA, CA 95518-1116
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
Arcata Hospital Corporation
—
Deed
related
$2,740,000 · Umpqua Bank
Mar 28, 2013
$206,137
Bell Properties III Ltd
Treasurer Of The Washoe County
Grant Deed
—
Mar 25, 2013
$2,000,000
Arcata Hospital Corp
Umpqua Bk
Grant Deed
—
Mar 6, 2013
$1,486,597
Umpqua Bk
Stewart Title Co
Trustees Deed
related
—
Jun 7, 2011
—
Ian R Hughes
Treasurer Of Washoe County
Tax Deed
related
—
Jan 10, 2007
$5,950,000
Bell Properties III Ltd
Fre 242 LLC
Grant Deed
—
Jul 14, 2006
$5,950,000
Fre 242 LLC
Donald A Dakin
Bargain And Sale Deed
$4,000,000 · Northern Nevada Bank
—
—
Arcata Hospital Corp
—
Deed Of Trust
related
$1,645,000 · Umpqua Bank
—
—
Donald A Dakin
—
Deed Of Trust
related
$500,000 · Simmons Trust
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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