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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Banks
300 Virginia St Reno, NV 89501-1925
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0393282
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1974
Construction
STEEL FRAME
Total area
84,151 SF
Lot
0.94 ac (41,164 SF)
Zoning code
MDRD
APN
011-172-14
UPID
US62-0393282
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
-
Palace Jewelry & Loan Company Inc Discount Store (Bike/Boat/Book/etc) Store
-
U.S. Bank Branch Bank Loan Service
-
U.S. Bank-Mortgage Loan Officer-Rick Nielsen Loan Service Bank
-
Solar Tax Consultants Tax Preparation
-
U.S. Bank-Mortgage Loan Officer-Ronald Farrell Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
City Of Reno · 3 yrs held
City Of Reno
since 2022
6 recorded transactions
Zoning & alternative use
MDRD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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
$124,534
Tax year 2023
Assessed value
$3,672,207
Assessed 2023
Previous assessed
$3,093,584
+18.7% YoY
Effective rate
3.39%
On assessed value
Assessed land
$421,416
Assessed improvement
$3,250,791
Land market value
$1,204,047
Improvement market value
$9,287,973
Total market value
$10,492,020
Applied tax rate
1,001.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
6
Units
3
Total area
84,151 SF
Lot
0.94 ac (41,164 SF)
Zoning code
MDRD
APN
011-172-14
UPID
US62-0393282
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NV
Zoning MDRD · permitted uses
MDRD · 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
1974
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
3
Units
3
Lot
0.94 ac
Current owner
From public records · entity-resolved
City Of Reno
Entity
Free & Clear · 3 yrs held
Mailing address
1475 TERMINAL WAY STE A, RENO, NV 89502-3432
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
Aug 17, 2022
—
Mack & Mack LLC
—
Deed
related
$2,055,000 · Heritage Bank Of Nevada
Aug 15, 2022
—
City Of Reno
Regional Trans Commission Of Washoe
Quit Claim Deed
related
—
May 17, 2017
$18,300,000
One Liberty C2k LLC
One East Liberty LLC
Grant Deed
$12,680,000 · Ubs Ag
Apr 23, 2013
$5,980,000
One East Liberty LLC
Us Bancorp
Quit Claim Deed
related
$5,000,000 · A10 Capital LLC
Jul 27, 1993
$3,000,000
Bancorp Us
Bank Of America
Grant Deed
related
—
—
—
One East Liberty LLC
—
Deed Of Trust
related
$6,175,000 · Meadows Bk
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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