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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Warehouses
2970 Sutro St Reno, NV 89512-1616
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-1296577
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
METAL FRAME
Total area
6,800 SF
Lot
0.81 ac (35,066 SF)
Zoning code
MF21
APN
004-072-20
UPID
US62-1296577
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
-
Truckee Meadows Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
Hunk-O-Mania Male Strip Club Reno Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.67M
Owner & transaction history
El Sargento LLC · 2 yrs held
El Sargento LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
MF21 · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+166.2%
Medical building
$2.4M
+131.3%
Auto repair, garage
$2.3M
+123.0%
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
$1,600,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,025,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,730,000
Change: +166% · Conversion: Moderate
MEDICAL BUILDING
$2,375,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,290,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,245,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$1,920,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.75M (Nov 17 2023)
Last sale anchor
$1.75M
Nov 17 2023
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
$245 / 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
$5,938
Tax year 2023
Assessed value
$180,433
Assessed 2023
Previous assessed
$150,113
+20.2% YoY
Effective rate
3.29%
On assessed value
Assessed land
$85,961
Assessed improvement
$94,472
Land market value
$245,602
Improvement market value
$269,919
Total market value
$515,521
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,800 SF
Lot
0.81 ac (35,066 SF)
Zoning code
MF21
APN
004-072-20
UPID
US62-1296577
Jurisdiction
WASHOE
Zoning & alternative use
MF21 · Reno, NV
Zoning MF21 · permitted uses
MF21 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1989
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
El Sargento LLC
Entity
Mailing address
7600 SHADOW LN, SPARKS, NV 89434-3624
Ownership since
2023
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
Nov 17, 2023
$1,750,000
El Sargento LLC
Jeffrey L Skaggs
Bargain And Sale Deed
$1,400,000 · Meadows Bank
Oct 5, 2012
—
Skaggs Family Trust
Skaggs,jeff L & Shannon
Quit Claim Deed
related
—
Apr 17, 2006
$630,000
Jeff L Skaggs
Arnett Orval L Fam Trust
Grant Deed
$341,549 · Silver State Bank
Aug 9, 1996
—
Gerald L Weems Painting
Weems,gerald L & Marilyn J
Quit Claim Deed
related
—
Aug 9, 1996
$315,000
Arnett Trust
Gerald L Weems Painting & Dryw
Trustees Deed
—
Mar 2, 1989
$77,500
Gerald L Weems
Unknown
Grant Deed
—
—
—
Jeffrey L Skaggs
—
Deed Of Trust
related
$274,000 · Nevada State Development Corp
—
—
Orval L Arnett
—
Deed Of Trust
related
$240,000 · Pioneer Citizens Bank Nevada
—
—
Arnett O L Fam Trust Agreement
—
Deed Of Trust
related
$1,000,000 · Nevada State Bank
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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