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Property profile & analytics
OFF-MARKET
Hotels
2500 2nd St 2461 Reno, NV 89595-1200
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-1276047
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
STEEL FRAME
Total area
525 SF
Lot
0.01 ac (518 SF)
Zoning code
MU
APN
012-594-03
UPID
US62-1276047
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 2022
Last sale
$35,000
6 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired. The district accommodates an integrated mix of higher-density residential, commercial, retail, employment, and other service-oriented uses.…
Zone name
Mixed Use Urban
General category
MIXED_USE
Zone area
1,686.99 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
$205
Tax year 2023
Assessed value
$8,232
Assessed 2023
Previous assessed
$7,351
+12.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,470
Assessed improvement
$6,762
Land market value
$4,200
Improvement market value
$19,320
Total market value
$23,520
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
525 SF
Lot
0.01 ac (518 SF)
Zoning code
MU
APN
012-594-03
UPID
US62-1276047
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NVZoning MU · permitted uses
MU · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired. The district accommodates an integrated mix of higher-density residential, commercial, retail, employment, and other service-oriented uses. Higher-intensity uses are located adjacent to designated Urban Corridors (Virginia Street, Fourth Street, Mill Street and Plumb Lane), with lower intensities near the adjacent residential districts.
Zone name
Mixed Use Urban
General category
MIXED_USE
Zone area
1,686.99 ac
Source
Realmo
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
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$35,000
Am Gsr Holdings LLC
Tina S Kim
Bargain And Sale Deed
—
Dec 3, 2009
—
Kim Tina S Living Trust
Kim,tina S
Quit Claim Deed
related
—
Aug 31, 2009
$37,000
Tina S Kim
Homesales INC
Grant Deed
—
Feb 17, 2009
$113,336
Homesales INC
Cal-western Reconveyance
Trustees Deed
related
—
Jul 30, 2007
$390,000
Abran Navarro
Grand Sierra Operating Corp
Grant Deed
$301,125 · J P Morgan Chase Bank
Jun 27, 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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