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Property profile & analytics
OFF-MARKET
Turn key restaurants
501 Ralston St, Reno, NV 89503-4434
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0360930
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
WOOD
Total area
2,640 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MDNWQ
APN
007-245-13
UPID
US62-0360930
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
-
Garage Door Repair Caleb Hardware & Home Improvement Production Facility
-
The Wolf Den Bar and Grill Restaurant
-
Quik Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Five Star Hospitality LLC · 6 yrs held
Five Star Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
MDNWQ · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,403
Tax year 2023
Assessed value
$177,764
Assessed 2023
Previous assessed
$119,448
+48.8% YoY
Effective rate
4.73%
On assessed value
Assessed land
$64,750
Assessed improvement
$113,014
Land market value
$185,000
Improvement market value
$322,897
Total market value
$507,897
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,640 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MDNWQ
APN
007-245-13
UPID
US62-0360930
Jurisdiction
WASHOE
Zoning & alternative use
MDNWQ · Reno, NV
Zoning MDNWQ · permitted uses
MDNWQ · 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.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Five Star Hospitality LLC
Entity
Mailing address
3410 BIG SKY DR, RENO, NV 89503-6809
Ownership since
2019
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
Dec 3, 2019
$800,000
Five Star Hospitality LLC
Chardi Kalaa Corp
Grant Deed
—
Aug 22, 2018
$800,000
Chardi Kalaa Corp
Vasenden Family LLC
Grant Deed
—
Jul 1, 1998
$265,500
Vasenden,david A & Terry T
Rigby,sherman L & Virginia L
Trustees Deed
—
Feb 25, 1994
$147,500
Sherman L Rigby
Bank Of America
Grant Deed
$132,500 · Reno Orthopedic Clin
Jan 9, 1992
$155,000
Valley Bank Of Nevada
Unknown
Grant Deed
related
—
—
—
Vasenden Family LLC
—
Deed Of Trust
related
$50,000 · First Independent Bank
—
—
David A Vasenden
—
Deed Of Trust
related
$256,900 · Borrego Springs Bank
—
—
Vasenden Family LLC
—
Deed Of Trust
related
$231,000 · Bank Of The West
—
—
Vasenden Family LLC
—
Deed Of Trust
related
$75,000 · First Independent Bank
—
—
Vasenden Family LLC
—
Deed Of Trust
related
$390,000 · First Independent Bank Nevada
—
—
David A Vasenden
—
Deed Of Trust
related
$188,000 · Us Bank
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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