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Property profile & analytics
OFF-MARKET
Estimated value
$17,085,000
Community centers
4001 Virginia St Reno, NV 89502-6019
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0389479
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,748 SF
Lot
15.94 ac (694,390 SF)
Zoning code
MU
APN
024-140-18
UPID
US62-0389479
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
-
Buy Nevada First Gift Shop & Visitors Center in the NEVADA MARKETPLACE (Bike/Boat/Book/etc) Store
-
Marchele's Bridal Boutique Clothing & Fashion Store
-
A World Gift | Reno gift shop | Gift Shop In Reno (Bike/Boat/Book/etc) Store
-
Career Development Solutions Reno Computer Training School Educational Consultant
-
Print With Me Printer at Hub Coffee Roasters-Town Mall (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.09M
Owner & transaction history
Roter Investments Of Nevada LP · 3 yrs held
Roter Investments Of Nevada LP
since 2022
2 recorded transactions
Zoning & alternative use
MU · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,545,000
6.5%
$18,040,000
7%
$16,750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$28,185,000
Change: -13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,655,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$17.09M
Range $15.38M – $18.79M · ±10%
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
$212 / 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
$115,263
Tax year 2023
Assessed value
$5,360,319
Assessed 2023
Previous assessed
$5,058,395
+6.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,673,398
Assessed improvement
$2,686,921
Land market value
$7,638,279
Improvement market value
$7,676,916
Total market value
$15,315,195
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
80,748 SF
Lot
15.94 ac (694,390 SF)
Zoning code
MU
APN
024-140-18
UPID
US62-0389479
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
MEDICAL BUILDING
Est. value
$28.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.7M
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
15.94 ac
Current owner
From public records · entity-resolved
Roter Investments Of Nevada LP
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 17840, RENO, NV 89511-1033
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
Roter Investments Of Nevada LP
Roter Investments Of Nevada LP
Deed
related
—
Jun 16, 2022
—
Roter Investments Of Nevada
Jener Investments LLC
Quitclaim Deed
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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