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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Bars & Pubs
475 Arlington Ave Reno, NV 89501-2098
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0845849
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1930
Construction
WOOD
Total area
1,923 SF
Lot
0.44 ac (19,123 SF)
Zoning code
NC
APN
011-154-13
UPID
US62-0845849
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
-
Millennium Resort Hotel & Motel Resort
-
Law Office of Roger R. Harada Law Firm
-
Barcelona Gardens (Bike/Boat/Book/etc) Store Cosmetic Store
-
The Brewer's Cabinet Restaurant
-
Chocolate Bar Corporate Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$675k
Owner & transaction history
Hops LLC · 8 yrs held
Hops LLC
since 2018
3 recorded transactions
Zoning & alternative use
NC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+27.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$805,000
Current use
COMMERCIAL (GENERAL)
$1,025,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$351 / 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
$12,133
Tax year 2023
Assessed value
$378,484
Assessed 2023
Previous assessed
$306,155
+23.6% YoY
Effective rate
3.21%
On assessed value
Assessed land
$163,980
Assessed improvement
$214,504
Land market value
$468,514
Improvement market value
$612,868
Total market value
$1,081,382
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
1,923 SF
Lot
0.44 ac (19,123 SF)
Zoning code
NC
APN
011-154-13
UPID
US62-0845849
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NVZoning NC · permitted uses
NC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
MEDICAL BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Hops LLC
Entity
Free & Clear · 8 yrs held
Mailing address
900 SCHELLBOURNE ST, RENO, NV 89511-7695
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2018
—
Hops LLC
—
Grant Deed
related
$1,500,000 · Meadows Bk
Feb 28, 2018
—
Hops LLC
Hops LLC
Quit Claim Deed
related
—
Sep 29, 2017
$1,700,000
Hops LLC
Hansen Gerald & Kerri Trust
Grant Deed
—
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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