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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Motels
420 Virginia St Reno, NV 89501-1139
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0316929
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,960 SF
Lot
0.32 ac (13,983 SF)
Zoning code
MDED
APN
007-551-03
UPID
US62-0316929
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
-
Thunderbird Motel Hotel & Motel
-
abc Tech Support Center (Bike/Boat/Book/etc) Store
-
Moody Weiske Contractors General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$595k
Owner & transaction history
Nancy K Jee Tun · 3 yrs held
Nancy K Jee Tun
since 2022
Last sale
$592,428
4 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
Method
Estimation
Statistic approach
$575,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $592k (Oct 7 2022)
Last sale anchor
$592k
Oct 7 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
$75 / 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
$13,022
Tax year 2023
Assessed value
$273,313
Assessed 2023
Previous assessed
$217,429
+25.7% YoY
Effective rate
4.76%
On assessed value
Assessed land
$171,500
Assessed improvement
$101,813
Land market value
$490,000
Improvement market value
$290,894
Total market value
$780,894
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
22
Total area
7,960 SF
Lot
0.32 ac (13,983 SF)
Zoning code
MDED
APN
007-551-03
UPID
US62-0316929
Jurisdiction
WASHOE
Zoning & alternative use
MDED · Reno, NVZoning MDED · permitted uses
MDED · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
22
Lot
0.32 ac
Current owner
From public records · entity-resolved
Nancy K Jee Tun
Individual
Free & Clear · 3 yrs held
Mailing address
1501 DIAMOND COUNTRY DR, RENO, NV 89521-6151
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Nancy K Jee Tun
Nancy K Jee Tun
Intrafamily Transfer
related
—
Dec 29, 2021
$592,428
Nancy K Jee Tun
Tun Investment Corporation
Deed
—
Mar 31, 2017
—
Redbird Reno Liberty De LLC
Redbird Investments Group LLC
Bargain & Sale Deed
—
—
—
Tun Investment Corp
—
Deed Of Trust
related
$105,000 · Individual
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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