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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Investment properties
2575 Comstock Dr Reno, NV 89512
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0932767
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1991
Lot
1.05 ac (45,694 SF)
Zoning code
SF3
APN
003-362-10
UPID
US62-0932767
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Northern Nevada Homes LLC · 2 yrs held
Northern Nevada Homes LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
SF3 · 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
Method
Estimation
Statistic approach
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (May 1 2024)
Last sale anchor
$4.50M
May 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$1,994
Tax year 2023
Assessed value
$59,049
Assessed 2023
Previous assessed
$59,049
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$50,367
Assessed improvement
$8,682
Land market value
$143,905
Improvement market value
$24,805
Total market value
$168,710
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1991
Heating
NONE
Lot
1.05 ac (45,694 SF)
Zoning code
SF3
APN
003-362-10
UPID
US62-0932767
Jurisdiction
WASHOE
Zoning & alternative use
SF3 · Reno, NV
Zoning SF3 · permitted uses
SF3 · 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
1991
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Northern Nevada Homes LLC
Entity
Mailing address
PO BOX 8070, RENO, NV 89507-8070
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$4,500,000
Northern Nevada Homes LLC
Surebrec Holdings LLC
Bargain And Sale Deed
$8,000,000 · Citizens National Bank Of Texas
May 1, 2024
—
Uvrp LLC
Robert N Fitzgerald
Bargain And Sale Deed
—
Aug 19, 2016
—
Surebec Holdings LLC
Surebec Holdings LLC
Quit Claim Deed
$450,000 · Private Individual
May 9, 2011
$680,000
Acquired Capital I LP
Phil Frink & Associates
Trustees Deed
related
—
Mar 31, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 28, 2000
$875,000
Gordon E Lemich
Landon,dale R
Grant Deed
$370,800 · Roger L Erickson Trustee
Sep 30, 1988
$275,000
Megan's Glen Properties
Unknown
Grant Deed
—
—
—
Dale Landon
—
Deed Of Trust
related
$82,729 · Individual
—
—
Cerberus Holdings LLC
—
Deed Of Trust
related
$155,000 · Jackpot Trust (pt)
—
—
Gordon E Lemich
—
Deed Of Trust
related
$207,156 · Montgomery 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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