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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Community centers
5220 Longley Ln Reno, NV 89511-2298
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0474513
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
WOOD
Total area
6,600 SF
Lot
0.23 ac (9,821 SF)
Zoning code
GC
APN
164-450-02
UPID
US62-0474513
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
-
The Kitchen by Great Full Gardens Restaurant
-
USPRO Employment Agency
-
gino the soupman Food Processing Plant
-
Western Union Bank Credit Union
-
Check City Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.30M
Owner & transaction history
Synergy Wealth LLC · 2 yrs held
Synergy Wealth LLC
since 2024
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+32.7%
Restaurant
$2.7M
+1.8%
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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,475,000
7%
$1,370,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,650,000
Current use
COMMERCIAL (GENERAL)
$3,520,000
Change: +33% · Conversion: Easy
RESTAURANT
$2,700,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,425,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,220,000
Change: -16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,180,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Feb 9 2024)
Last sale anchor
$2.30M
Feb 9 2024
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
$348 / 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
$11,561
Tax year 2023
Assessed value
$345,883
Assessed 2023
Previous assessed
$345,883
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$38,670
Assessed improvement
$307,213
Land market value
$110,486
Improvement market value
$877,752
Total market value
$988,238
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,600 SF
Lot
0.23 ac (9,821 SF)
Zoning code
GC
APN
164-450-02
UPID
US62-0474513
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Synergy Wealth LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3565 LONE TREE LN, RENO, NV 89511-7676
Ownership since
2024
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 9, 2024
—
Synergy Wealth LLC
Synergy Wealth LLC
Intrafamily Transfer
related
—
Oct 12, 2021
$2,300,000
Synergy Wealth LLC
John O Churchill
Bargain And Sale Deed
$1,090,000 · Heritage Bank Of Nevada
May 15, 2019
—
Churchill Living Trust
Linda K C & John O
Quit Claim Deed
related
—
Aug 9, 2007
—
Owner Name Unavailable
Longley Town Centre LLC
Grant Deed
related
—
Jun 4, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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