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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Turn key restaurants
525 Keystone Ave, Reno, NV 89503-4304
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0381449
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,732 SF
Lot
6.41 ac (279,132 SF)
Zoning code
MU
APN
006-222-22
UPID
US62-0381449
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
-
All American Storage Storage Facility
-
Save Mart Grocery & Convenience Store Food Market
-
Amazon Locker - Upney Courier Service Postal Service
-
U.S. Bank ATM Atm
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Mra Keystone LLC · 4 yrs held
Mra Keystone LLC
since 2022
Last sale
$863,665
6 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
$840,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $864k (Feb 1 2022)
Last sale anchor
$864k
Feb 1 2022
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
$77 / 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
$72,780
Tax year 2023
Assessed value
$2,295,423
Assessed 2023
Previous assessed
$1,841,632
+24.6% YoY
Effective rate
3.17%
On assessed value
Assessed land
$1,270,032
Assessed improvement
$1,025,391
Land market value
$3,628,664
Improvement market value
$2,929,689
Total market value
$6,558,353
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
11,732 SF
Lot
6.41 ac (279,132 SF)
Zoning code
MU
APN
006-222-22
UPID
US62-0381449
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
6.41 ac
Current owner
From public records · entity-resolved
Mra Keystone LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1475 TERMINAL WAY STE A, RENO, NV 89502-3432
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$863,665
Mra Keystone LLC
Keystone Square Investments LLC
Bargain And Sale Deed
—
Jul 1, 2016
—
Keystone Square Investments Ll
—
Deed
related
$5,350,000 · Miscellaneous Ins Co
Aug 4, 2006
$8,200,000
Mra Keystone LLC
Oceanhill Apartment Co
Bargain And Sale Deed
$6,100,000 · Morgan Stanley Mortgage Capital INC
May 19, 1998
—
Oceanhill Apartment Co LP
Pacific Power Co
Quit Claim Deed
related
—
Jan 3, 1997
$6,000,000
Oceanhill Apartment Co
Keystone Square
Grant Deed
$4,500,000 · Column Financial INC
—
—
Keystone Square Investments Ll
—
Deed Of Trust
related
$5,350,000 · Miscellaneous Ins Co
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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