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Property profile & analytics
OFF-MARKET
Estimated value
$10,425,000
Outlet malls
5150 Mae Anne Ave Reno, NV 89523-1858
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-1295778
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,213 SF
Lot
9.09 ac (395,743 SF)
Zoning code
GC
APN
039-750-13
UPID
US62-1295778
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
$12.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.43M
Owner & transaction history
Sw 5150 Reno LLC · 5 yrs held
Sw 5150 Reno LLC
since 2021
Last sale
$9.5M
5 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
$10,260,000
ML approach
$12,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.43M
Range $9.38M – $11.47M · ±10% · vs last sale $9.53M (Feb 5 2021)
Last sale anchor
$9.53M
Feb 5 2021
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
$111 / 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
$114,971
Tax year 2023
Assessed value
$3,242,731
Assessed 2023
Previous assessed
$2,945,065
+10.1% YoY
Effective rate
3.55%
On assessed value
Assessed land
$1,385,097
Assessed improvement
$1,857,634
Land market value
$3,957,420
Improvement market value
$5,307,525
Total market value
$9,264,945
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
94,213 SF
Lot
9.09 ac (395,743 SF)
Zoning code
GC
APN
039-750-13
UPID
US62-1295778
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.
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
9.09 ac
Current owner
From public records · entity-resolved
Sw 5150 Reno LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9595 WILSHIRE BLVD STE #700, BEVERLY HILLS, CA 90212-2507
Ownership since
2021
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
Feb 5, 2021
$9,525,000
Sw 5150 Reno LLC
Reno Kohls LLC
Bargain And Sale Deed
—
Sep 12, 2017
$9,350,000
Reno Kohls LLC
Victory Plaza LLC
Trustees Deed
$6,075,000 · Cantor Com'l R/e Lndg
Oct 12, 2007
$2,982,926
Victory Plaza LLC
Prism Reno Retail Assocs LLC
Grant Deed
$3,550,000 · Allstate Life Insurance Co
Nov 10, 2005
$6,306,500
Prism Reno Retail Assocs LLC
Sko Holdings INC
Grant Deed
—
—
—
Prism Reno Retail Assocs LLC
—
Deed Of Trust
related
$19,429,830 · Bank Of America
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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