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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Turn key restaurants
4991 Longley Ln Reno, NV 89502-7931
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-1292334
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
WOOD
Total area
3,048 SF
Lot
5.05 ac (219,978 SF)
Zoning code
GC
APN
021-465-04
UPID
US62-1292334
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
-
Sierra Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$715k
Owner & transaction history
4997 Longley Lane Associates L · 10 yrs held
4997 Longley Lane Associates L
since 2016
7 recorded transactions
Zoning & alternative use
GC · 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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,065,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$235 / 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
$89,131
Tax year 2023
Assessed value
$2,528,736
Assessed 2023
Previous assessed
$2,240,379
+12.9% YoY
Effective rate
3.52%
On assessed value
Assessed land
$885,411
Assessed improvement
$1,643,325
Land market value
$2,529,747
Improvement market value
$4,695,213
Total market value
$7,224,960
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
3,048 SF
Lot
5.05 ac (219,978 SF)
Zoning code
GC
APN
021-465-04
UPID
US62-1292334
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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
$1.1M
MEDICAL BUILDING
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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
5.05 ac
Current owner
From public records · entity-resolved
4997 Longley Lane Associates L
Entity
Free & Clear · 10 yrs held
Mailing address
1330 CAPITAL BLVD, RENO, NV 89502-7180
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Longley Lane Carwash LP
—
Deed
related
$2,307,000 · Goldwater Bank NA
May 4, 2016
—
4997 Longley Lane Associates L
—
Deed
related
$2,500,000 · Miscellaneous Ins Co
Apr 29, 2016
$440,000
4997 Longley Lane Associates L
Van Wagner Reno Associates LLC
Grant Deed
—
Apr 29, 2016
$220,000
4997 Longley Lane Associates L
Bud & Mary Lou Flocchini-longl
Grant Deed
—
Aug 17, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 5, 2006
$10,775,000
4997 Longley Lane Assocs LLC
Mccarren Landing LLC
Grant Deed
$5,500,000 · Pnc Bank
Jun 28, 1999
$7,735,000
Mccarren Landing LLC
Shadow Mountain Plaza Ltd
Grant Deed
$5,425,000 · Pioneer Citizens Bank Nevada
Mar 4, 1997
—
Shadow Mountain Plaza Ltd
—
Grant Deed
related
$4,500,000 · Pioneer Citizens Bank Nevada
Feb 5, 1997
$1,400,000
Shadow Mountain Plaza Ltd
K & K Properties LLC
Grant Deed
—
Nov 15, 1996
$1,100,000
K Properties
Dermody Industrial Group
Grant Deed
—
—
—
4997 Longley Lane Associates L
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
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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