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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Auto shops
3750 Virginia St, Reno, NV 89506-7828
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0083550
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1998
Construction
METAL FRAME
Total area
5,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
MS
APN
003-061-18
UPID
US62-0083550
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
-
United Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Vereit Real Estate LP · 5 yrs held
Vereit Real Estate LP
since 2020
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+58.4%
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
$4,165,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,665,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $4.09M (Dec 31 2020)
Last sale anchor
$4.09M
Dec 31 2020
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
$830 / 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
$12,338
Tax year 2023
Assessed value
$377,540
Assessed 2023
Previous assessed
$328,514
+14.9% YoY
Effective rate
3.27%
On assessed value
Assessed land
$216,592
Assessed improvement
$160,948
Land market value
$618,834
Improvement market value
$459,851
Total market value
$1,078,685
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
1998
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
5,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
MS
APN
003-061-18
UPID
US62-0083550
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
COMMERCIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL)
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
1998
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Vereit Real Estate LP
Entity
Mailing address
1401 MINERAL AVE, LAS VEGAS, NV 89106-4342
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$4,090,909
Vereit Real Estate LP
Dfa LLC
Grant Deed
—
Nov 28, 2017
—
Dfa LLC
—
Deed
related
$950,000 · Western Alliance Bk
Nov 5, 2004
—
Ahern Rentals INC
—
Deed Of Trust
related
$175,000,000 · Wachovia Bank NA
Jan 28, 2000
$830,000
Dfa LLC
Douglass,patrick E & Angeline M
Grant Deed
$592,250 · First Independent Bank Nevada
—
—
Dfa LLC
—
Deed Of Trust
related
$325,000 · Western Alliance Bk
—
—
Dfa LLC
—
Deed Of Trust
related
$950,000 · Western Alliance Bk
—
—
Ahern Rentals INC
—
Deed Of Trust
related
$90,000 · Tennenbaum Capital Ptrs LLC
—
—
Dfa LLC
—
Deed Of Trust
related
$530,000 · Valley 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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