Entity Owned Property summary
This exceptional 14-unit apartment building, known as The Townsite Motel, presents a compelling investment opportunity in Reno, Nevada. Located at 250 W Commercial Row, 89501, this two-story, 3,696 square foot building sits on a 0.12-acre lot and boasts a desirable MD-ED zoning designation. Constructed in 1959, the property offers a strong pro-forma NOI of $120,408 and a pro-forma cap rate of 6.69%, with an asking price of $1,800,000 ($128,571.43 per unit and $487.01 per square foot). Its… prime location adjacent to the J Resort and the Neon Light District, within walking distance of the Riverwalk District and downtown nightlife, ensures high occupancy rates. The property benefits from the ongoing revitalization of the area and the addition of new developments like the upcoming North Arlington Apartments. Seller financing is available, and the seller may consider selling this property as part of a portfolio that includes another asset. This presents a unique chance to acquire a well-positioned, income-generating asset in a rapidly growing Reno neighborhood. The property's strong financials, coupled with its strategic location and the potential for seller financing, make it an attractive investment for discerning buyers. The APN is 011-031-02.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,696 SF
- Lot area
- 0.11 ac
- Year built
- 1959
- Stories
- 2
- APN
- 011-031-02
- Zoning
- MDED
- Assessed value · 2023
- $86,835
- Annual tax · 2023
- $3,219
- Medical Building
- Auto Repair, Garage
- Hotel/motel · current use
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- Local Market trends
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Still being built. It lands here next, beside the two above.
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