250 West Commercial Row Reno, NV 89501
Property profile & analytics
250 West Commercial Row Reno, NV 89501
- Motels
- 3,696 SF
- 0.11 lot acres
Property ID
US62-0348237
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Townsite Motel / Hotel & Motel
Property Details for 250 West Commercial Row
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 lot acres
- Property size
- 3,696 SF
- Zone code
- MDED
- Property type
- Motels
- APN
- 011-031-02
- APU
- 1103102
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,020,000
- ML approach
- $985,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,105,000
Market price range: $717k - $1.65M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,220,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,485,000 Change: +22% Conversion: Difficult
- MEDICAL BUILDING
- $1,290,000 Change: +6% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,245,000 Change: +2% Conversion: Difficult
- OFFICE BUILDING
- $990,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.817
- Latitude
- 39.5274
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,219
$41,125
$45,710
$86,835
-
$117,500
$130,599
$248,099
