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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Auto shops
3215 Ml St, Reno, NV 89502-2219
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1134764
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,990 SF
Lot
1.25 ac (54,450 SF)
Zoning code
IC
APN
012-232-14
UPID
US62-1134764
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
-
AutoMax Reno Inc. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.28M
Owner & transaction history
Brian W Tanner · 4 yrs held
Brian W Tanner
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
IC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+105.3%
Restaurant
$3.7M
+27.9%
Neighborhood: shopping center
$3.6M
+25.6%
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
$4,560,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,875,000
Current use
COMMERCIAL (GENERAL)
$5,905,000
Change: +105% · Conversion: Moderate
RESTAURANT
$3,680,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,610,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$3,140,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,970,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±10% · vs last sale $4.00M (May 31 2022)
Last sale anchor
$4.00M
May 31 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
$476 / 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
$10,799
Tax year 2023
Assessed value
$321,401
Assessed 2023
Previous assessed
$270,387
+18.9% YoY
Effective rate
3.36%
On assessed value
Assessed land
$210,585
Assessed improvement
$110,816
Land market value
$601,672
Improvement market value
$316,616
Total market value
$918,288
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,990 SF
Lot
1.25 ac (54,450 SF)
Zoning code
IC
APN
012-232-14
UPID
US62-1134764
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
$2.9M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RESTAURANT
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Brian W Tanner
Individual
Mailing address
243 CHESHAM AVE, SAN CARLOS, CA 94070-2837
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$4,000,000
Brian W Tanner
3215 Mill St LLC
Bargain And Sale Deed
—
Apr 6, 2021
$3,000,000
3215 Mill St LLC
Michael P Decker
Bargain And Sale Deed
$2,250,000 · Heritage Bank Of Nevada
Aug 31, 2004
$1,300,000
Michael P Decker
Holmes Howard F Trust
Grant Deed
$1,170,000 · Cnl Commercial Lending Corp
Oct 3, 1996
$550,000
Holmes Trust
Bank Of The West
Grant Deed
$345,000 · Bank Of The West
Apr 20, 1988
$540,000
Central Bank
Unknown
Grant Deed
related
—
—
—
Michael P Decker
—
Deed Of Trust
related
$100,000 · Harry C Fry
—
—
Michael P Decker
—
Deed Of Trust
related
$2,000,000 · Sunwest Bank
—
—
Michael P Decker
—
Deed Of Trust
related
$150,000 · Harry C Fry
—
—
Michael P Decker
—
Deed Of Trust
related
$100,000 · Wendy L Lisenbe
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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