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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Auto shops
2825 Kietzke Ln Reno, NV 89502-4353
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0327516
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Construction
WOOD
Total area
13,232 SF
Lot
1 ac (43,548 SF)
Zoning code
GC
APN
020-131-04
UPID
US62-0327516
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
-
Kietzke Auto Center Car Dealership
-
Meineke Car Care Center Auto Repair Shop
-
Rick's Total Car Care Auto Repair Shop
-
C & R Smog Vehicle Inspection Center
-
Safelite AutoGlass General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.40M
Owner & transaction history
Vernalis Partners Ltd · 5 yrs held
Vernalis Partners Ltd
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+27.9%
Neighborhood: shopping center
$5.3M
+25.6%
Medical building
$4.6M
+9.1%
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
$3,700,000
ML approach
$3,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,235,000
Current use
RESTAURANT
$5,415,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,315,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$4,620,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,370,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,645,000
Change: -14% · Conversion: Easy
RETAIL STORES
$3,605,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $2.95M (Dec 31 2020)
Last sale anchor
$2.95M
Dec 31 2020
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
$257 / SF
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
$18,058
Tax year 2023
Assessed value
$551,579
Assessed 2023
Previous assessed
$465,392
+18.5% YoY
Effective rate
3.27%
On assessed value
Assessed land
$289,594
Assessed improvement
$261,985
Land market value
$827,412
Improvement market value
$748,528
Total market value
$1,575,940
Applied tax rate
1,002.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
13,232 SF
Lot
1 ac (43,548 SF)
Zoning code
GC
APN
020-131-04
UPID
US62-0327516
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.2M
RESTAURANT
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Vernalis Partners Ltd
Entity
Mailing address
PO BOX 346, LOCKEFORD, CA 95237-0346
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$2,950,000
Vernalis Partners Ltd
Kietzke Auto Center LLC
Grant Deed
—
Apr 25, 2018
—
Kietzke Auto Center LLC
—
Deed
related
$756,000 · Wfb NA
Jan 18, 2011
—
Kietzke Auto Center LLC
Cooper,martin & Cynthia
Quit Claim Deed
related
—
Nov 5, 2003
$727,230
Martin L Cooper
Wilday,peter & Gail
Grant Deed
—
Feb 14, 1997
—
Peter B Wilday
Wilday,peter B
Quit Claim Deed
related
$850,000 · Gonzo Financial
Jun 6, 1994
—
Peter B Wilday
Wilday,peter B &
Quit Claim Deed
related
$200,000 · Individual
—
—
Peter B Wilday
—
Deed Of Trust
related
$100,000 · Individual
—
—
Peter B Wilday
—
Deed Of Trust
related
$995,000 · Wells Fargo Bank
—
—
Kietzke Auto Center LLC
—
Deed Of Trust
related
$756,000 · Wfb NA
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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