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Property profile & analytics
OFF-MARKET
Hotels
2500 2nd St 1887 Reno, NV 89595-1200
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0088776
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
STEEL FRAME
Total area
405 SF
Lot
0.01 ac (403 SF)
Zoning code
MU
APN
012-505-07
UPID
US62-0088776
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
-
LEX Nightclub Nightclub DJ & Entertainment
-
Grand Sierra RV Park Campground & RV Park
-
Grand Bowling Center Bowling Alley
-
Yogurt Beach Cafe & Coffee Shop Take-out & Catering
-
The Grand Buffet Restaurant Buffet
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
Am Gsr Holdings LLC · 4 yrs held
Am Gsr Holdings LLC
since 2021
Last sale
$25,000
5 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
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
$163
Tax year 2023
Assessed value
$6,350
Assessed 2023
Previous assessed
$5,671
+12.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,470
Assessed improvement
$4,880
Land market value
$4,200
Improvement market value
$13,944
Total market value
$18,144
Applied tax rate
1,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
27
Units
1
Total area
405 SF
Lot
0.01 ac (403 SF)
Zoning code
MU
APN
012-505-07
UPID
US62-0088776
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.
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
27
Units
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Am Gsr Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2500 E 2ND ST, RENO, NV 89595-1200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$25,000
Am Gsr Holdings LLC
Dale W Ring
Bargain And Sale Deed
—
Jan 29, 2010
$18,500
Ring Living Trust
Naac Mortgage Series 2007-1
Grant Deed
—
Nov 12, 2009
$45,000
Hsbc Bank Series 2007-1
National Default Servicing
Trustees Deed
related
—
Feb 6, 2007
$234,000
Graham W Bartlett
Grand Sierra Operating Corp
Grant Deed
$195,628 · Allied Mortgage Group
Jan 10, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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