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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Turn key restaurants
3005 Skyline Blvd Reno, NV 89509-5168
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0358088
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,210 SF
Lot
1.22 ac (53,056 SF)
Zoning code
NC
APN
023-710-02
UPID
US62-0358088
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
-
True Physiotherapy Medical Clinic
-
Sushimi's Restaurant
-
Edward Jones - Financial Advisor: Anthony Novak Financial Advisor
-
Iron Lion Barbell Gym & Fitness Center
-
Wright 2 Dance Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
3 R Properties Nevada INC · 5 yrs held
3 R Properties Nevada INC
since 2020
6 recorded transactions
Zoning & alternative use
NC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
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
$73 / 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
$19,464
Tax year 2023
Assessed value
$690,577
Assessed 2023
Previous assessed
$590,009
+17.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$252,547
Assessed improvement
$438,030
Land market value
$721,562
Improvement market value
$1,251,513
Total market value
$1,973,075
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,210 SF
Lot
1.22 ac (53,056 SF)
Zoning code
NC
APN
023-710-02
UPID
US62-0358088
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NVZoning NC · permitted uses
NC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
3 R Properties Nevada INC
Entity
Free & Clear · 5 yrs held
Mailing address
9865 COPENHAGEN WAY, RENO, NV 89521-8015
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
—
3 R Properties Nevada INC
3 R Properties Nevada INC
Quit Claim Deed
related
—
Jan 5, 2018
—
Insieme LLC
Gazzola,alberto & Tomomi
Quit Claim Deed
related
—
Mar 2, 2011
$1,200,000
Alberto Gazzola
North Region-barcelona LLC
Grant Deed
$900,000 · Heritage Bank Nevada
Dec 13, 1996
$1,050,000
North Region-barcelona
Kates,lawrence & Ynez T
Grant Deed
$1,050,000 · Bank Of America
Jul 6, 1990
$1,410,000
Lawrence Kates
Unknown
Grant Deed
—
—
—
Alberto Gazzola
—
Deed Of Trust
related
—
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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