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Property profile & analytics
OFF-MARKET
Estimated value
$5,450,000
Grocery and convenience stores
2900 Clear Acre Ln Reno, NV 89512-1712
Individually Owned
4-yr Hold
Free & Clear
Property ID
US62-0504630
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Construction
WOOD
Total area
2,604 SF
Lot
3.84 ac (167,314 SF)
Zoning code
GC
APN
004-073-10
UPID
US62-0504630
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
-
Chevron Gas Station
-
Alderto's Restaurant
-
Maui Jane's Hawaiian Barbecue Restaurant
-
Port of Subs Take-out & Catering
-
ExtraMile by Jacksons Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.45M
Owner & transaction history
State Of Nevada · 4 yrs held
State Of Nevada
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
GC · 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
$5,355,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.45M
Range $4.91M – $6.00M · ±10% · vs last sale $5.50M (Apr 7 2022)
Last sale anchor
$5.50M
Apr 7 2022
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
$2,093 / 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
$57,972
Tax year 2023
Assessed value
$1,961,928
Assessed 2023
Previous assessed
$1,750,644
+12.1% YoY
Effective rate
2.95%
On assessed value
Assessed land
$966,232
Assessed improvement
$995,696
Land market value
$2,760,664
Improvement market value
$2,844,845
Total market value
$5,605,509
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
2,604 SF
Lot
3.84 ac (167,314 SF)
Zoning code
GC
APN
004-073-10
UPID
US62-0504630
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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.84 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 4 yrs held
Mailing address
11345 SANTA MONICA BLVD, LOS ANGELES, CA 90025-3151
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
State Of Nevada
Regional Trans Commission Of Washoe
Quit Claim Deed
related
—
May 31, 2019
—
University Vlg Management LLC
—
Grant Deed
related
$5,320,000 · Pacific Premier Bk
Aug 27, 2008
—
University Village Center LLC
University Village Center LLC
Quit Claim Deed
$3,500,000 · Standard Insurance Co
May 24, 2004
$5,500,000
Univ Vill E LLC
Rlh Corp
Grant Deed
—
Mar 29, 2004
—
University Village East
University Village East LLC
Quit Claim Deed
related
—
Mar 29, 2004
$5,500,000
Univ Vill E LLC
Rlh Corp
Grant Deed
—
Mar 29, 2004
$1,224,000
Rlh Corp
Huntington,kathryn C
Grant Deed
—
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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