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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Outlet malls
5017 Mccarran Blvd Reno, NV 89502-6545
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-1270778
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,301 SF
Lot
3.06 ac (133,294 SF)
Zoning code
MU
APN
025-021-19
UPID
US62-1270778
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
-
Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$4.77M
Owner & transaction history
Pacific Castle Smithridge LLC · 8 yrs held
Pacific Castle Smithridge LLC
since 2018
7 recorded transactions
Zoning & alternative use
MU · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,025,000
6.5%
$6,485,000
7%
$6,020,000
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±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
$143 / 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
$44,072
Tax year 2023
Assessed value
$1,258,058
Assessed 2023
Previous assessed
$1,114,714
+12.9% YoY
Effective rate
3.50%
On assessed value
Assessed land
$653,136
Assessed improvement
$604,922
Land market value
$1,866,102
Improvement market value
$1,728,349
Total market value
$3,594,451
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
33,301 SF
Lot
3.06 ac (133,294 SF)
Zoning code
MU
APN
025-021-19
UPID
US62-1270778
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Pacific Castle Smithridge LLC
Entity
Mailing address
2601 MAIN ST STE #900, IRVINE, CA 92614-4232
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Pacific Castle Smithridge II LLC
—
Deed
related
$2,000,000 · Ching Ing Chang Family Trust
Sep 25, 2019
—
Pacific Castle Smithridge II LLC
—
Deed
related
$2,200,000 · Cathay Bank
May 18, 2018
$4,000,000
Pacific Castle Smithridge LLC
Altis Cardinal Aju Smithridge
Grant Deed
$2,600,000 · Chang Ken-fa & Ch 2012 Tr (it)
Aug 31, 2015
$21,000,000
Altis Cardinal Aju Smithridge
Meyer Smithridge 1996 LLC
Grant Deed
$20,500,000 · Rcc R/e
Aug 31, 2015
$1,300,000
Altis Cardinal Aju Smithridge
Brnk Reno LLC
Grant Deed
—
Jul 29, 2013
$1,114,500
Brnk Reno LLC
Comm 2006 Fl12 Grocery Stores Maste
Special Warranty Deed
—
Jul 29, 2013
—
Brnk Reno LLC
Comm 2006-fl12 Grocery Stores
Grant Deed
related
—
Oct 17, 2012
—
Comm 2006-fl12 Grocery Stores
Abnk Properties LLC
Grant Deed
—
Aug 8, 2006
$2,289,500
Abnk Properties LLC
Newkirk Renlake LP
Bargain And Sale Deed
—
Sep 5, 2001
—
Meyer Smithridge 1996 LLC
Meyer Properties LP
Quit Claim Deed
related
$10,125,000 · Wells Fargo Bank
Oct 23, 1996
$8,200,000
Meyer Properties LP
Bay 511 Corp
Grant Deed
—
Sep 10, 1996
—
San Marcos View Estates
Bay 511 Corp
Grant Deed
related
—
—
—
Meyer Properties
—
Deed Of Trust
related
$7,300,000 · Wells Fargo Bank
—
—
Meyer Smithridge 1996 LLC
—
Deed Of Trust
related
$16,900,000 · Bear Stearns Series 2006-pwr11
—
—
Meyer Smithridge 1996 LLC
—
Deed Of Trust
related
$16,900,000 · Wells Fargo Bank NA Wells Fargo Bank NA
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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