Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Casinos
345 Virginia St Reno, NV 89501-1136
Entity Owned
30-yr Hold
Free & Clear
Property ID
US62-0419804
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
168,545 SF
Lot
0.69 ac (30,270 SF)
Zoning code
MDED
APN
007-294-36
UPID
US62-0419804
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
-
Novi Nightclub DJ & Entertainment
-
Sierra Comstock Tours Travel Agency Tour Operator
-
Eldorado Showroom Theater & Performing Art Venue Music Venue
-
Roxy's Bar & Lounge Bar & Pub
-
Hidden Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.07M
Owner & transaction history
Eldorado Resorts LLC · 30 yrs held
Eldorado Resorts LLC
since 1996
7 recorded transactions
Zoning & alternative use
MDED · 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
$24 / 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
$104,448
Tax year 2023
Assessed value
$3,651,607
Assessed 2023
Previous assessed
$2,534,705
+44.1% YoY
Effective rate
2.86%
On assessed value
Assessed land
$317,835
Assessed improvement
$3,333,772
Land market value
$908,100
Improvement market value
$9,525,063
Total market value
$10,433,163
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
11
Units
282
Total area
168,545 SF
Lot
0.69 ac (30,270 SF)
Zoning code
MDED
APN
007-294-36
UPID
US62-0419804
Jurisdiction
WASHOE
Zoning & alternative use
MDED · Reno, NV
Zoning MDED · permitted uses
MDED · 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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
11
Units
282
Lot
0.69 ac
Current owner
From public records · entity-resolved
Eldorado Resorts LLC
Entity
Free & Clear · 30 yrs held
Mailing address
PO BOX 543185, DALLAS, TX 75354-3185
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
—
Circus And Eldorado Joint Venture L
—
Deed
related
—
Feb 16, 2021
—
Eldorado Resorts LLC
—
Deed
related
—
Jun 8, 2017
—
Eldorado Resorts
—
Grant Deed
related
—
Jun 1, 2011
—
Eldorado Resorts LLC
—
Deed Of Trust
related
$180,000,000 · Capital One
Jul 2, 1996
—
Eldorado Resorts LLC
Eldorado Hotel Associates LP
Quit Claim Deed
related
—
—
—
Eldorado Hotel Assoc LP
—
Deed Of Trust
related
$115,000 · Bank Of America Nevada
—
—
Eldorado Resorts
—
Deed Of Trust
related
$575,000,000 · Jp Morgan Chase Bk
—
—
Eldorado Resorts
—
Loan Modification
related
$575,000,000 · Jp Morgan Chase 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 345 Virginia St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
