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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Bars & Pubs
424 4th St Reno, NV 89512-3314
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-1285349
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,125 SF
Lot
0.11 ac (4,900 SF)
Zoning code
MDID
APN
007-314-02
UPID
US62-1285349
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
-
Dumpling Queen Restaurant
-
Abby's Highway 40 Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Lincoln Highway Enterprises LLC · 4 yrs held
Lincoln Highway Enterprises LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
MDID · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$600,000
+30.3%
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
$730,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$460,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Feb 11 2022)
Last sale anchor
$750k
Feb 11 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
$667 / 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
$3,052
Tax year 2023
Assessed value
$61,216
Assessed 2023
Previous assessed
$42,273
+44.8% YoY
Effective rate
4.99%
On assessed value
Assessed land
$28,555
Assessed improvement
$32,661
Land market value
$81,585
Improvement market value
$93,316
Total market value
$174,901
Applied tax rate
1,002.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
1,125 SF
Lot
0.11 ac (4,900 SF)
Zoning code
MDID
APN
007-314-02
UPID
US62-1285349
Jurisdiction
WASHOE
Zoning & alternative use
MDID · Reno, NVZoning MDID · permitted uses
MDID · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lincoln Highway Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1400 S VIRGINIA ST, RENO, NV 89502-2841
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
Feb 11, 2022
$750,000
Lincoln Highway Enterprises LLC
Caffaratti Property LLC
Bargain And Sale Deed
—
Nov 19, 2021
$171,837
Frank D Caffaratti
Living Life Large LLC
Deed In Lieu Of Foreclosure
related
—
Nov 19, 2021
—
Caffaratti Properties LLC
Frank D Caffaratti
Intrafamily Transfer
related
—
Jun 6, 2014
—
Brennan,kathleen Trust
Tax Receiver Of Washoe County
Tax Deed
related
—
Apr 17, 2006
$171,000
Living Life Large LLC
Caffaratti F D 1987 Trust
Grant Deed
$171,000 · Caffaratti Frank D 1987 Trust
Mar 11, 2003
$80,930
Caffaratti,tr
Caffaratti,frank D
Grant Deed
related
—
Mar 10, 2003
—
Frank D Caffaratti
Unknown
Trustees Deed
related
—
May 28, 1999
$22,535
Caffaratti Trust
Pickrell,joseph S
Trustees Deed
—
Jul 15, 1998
$90,000
Antonio Pickrell
Caffaratti Trust
Grant Deed
$91,043 · Seller
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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