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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Grocery and convenience stores
5150 Mae Anne Ave Reno, NV 89523-1858
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0505040
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,687 SF
Lot
9.18 ac (399,968 SF)
Zoning code
GC
APN
039-750-09
UPID
US62-0505040
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
-
Safeway Grocery & Convenience Store Food Market
-
Stone Knight Productions, LLC Film Production
-
Northwest Reno Smiles Dental Group Dental Office
-
Dr. Ali Shahrestani Dental Office
-
U.S. Bank Branch Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.26M
Comparable Approach
Comparable
$6.26M
Blend (final)
Blend
$9.03M
Owner & transaction history
Yacoel 2015 Partners LP · 8 yrs held
Yacoel 2015 Partners LP
since 2018
5 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.0M
+3.1%
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%
$11,110,000
6.5%
$10,255,000
7%
$9,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,545,000
Current use
OFFICE BUILDING
$13,970,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±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
$171 / 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
$122,333
Tax year 2023
Assessed value
$3,425,968
Assessed 2023
Previous assessed
$3,109,030
+10.2% YoY
Effective rate
3.57%
On assessed value
Assessed land
$1,399,888
Assessed improvement
$2,026,080
Land market value
$3,999,680
Improvement market value
$5,788,801
Total market value
$9,788,481
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
52,687 SF
Lot
9.18 ac (399,968 SF)
Zoning code
GC
APN
039-750-09
UPID
US62-0505040
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
RETAIL STORES Current
Est. value
$13.5M
OFFICE BUILDING
Est. value
$14.0M
RETAIL STORES Current
OFFICE 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
9.18 ac
Current owner
From public records · entity-resolved
Yacoel 2015 Partners LP
Entity
Mailing address
5520 KIETZKE LN STE #400, RENO, NV 89511-3041
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2018
$10,000
Yacoel 2015 Partners LP
Ridgeview Reno LLC
Trustees Deed
$25,002,870 · Miscellaneous Ins Co
Jan 14, 2016
$33,000,000
Ridgeview Reno LLC
Ridgeview Town Center LLC
Grant Deed
$23,100,000 · Miscellaneous Ins Co
Dec 17, 2003
$15,650,000
Ridgeview Plaza I LLC
—
Grant Deed
related
—
Jun 30, 2003
$11,450,000
Ridgeview Plaza I LLC
Ridgeview Plaza LLC
Grant Deed
related
$10,200,000 · Wachovia Bank NA
—
—
Ridgeview Town Center LLC
—
Deed Of Trust
related
$10,000,000 · Rcc Real Estate INC
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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