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Property profile & analytics
OFF-MARKET
Estimated value
$19,640,000
Hotels
5450 Kietzke Ln Reno, NV 89511-2061
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US62-0415270
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
WOOD
Total area
59,915 SF
Lot
2.43 ac (105,677 SF)
Zoning code
SPD
APN
040-972-12
UPID
US62-0415270
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
-
Homewood Suites by Hilton Reno Hotel & Motel Vacation Rental
-
WW Studio @ Homewood Suites by Hilton Reno Weight Loss Service Wellness Center
-
Reno Hospitality LLC Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Amazon Hub Locker - Collective Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.77M
Blend (final)
Blend
$19.64M
Owner & transaction history
Reno Hospitality LLC · 23 yrs held
Reno Hospitality LLC
since 2003
4 recorded transactions
Zoning & alternative use
SPD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate projects or plans where the design and configuration of the uses are so arranged as to constitute a single functionally integrated entity. In such projects the use of land within a component, and among the various components if there is more than one component, shall be designed to be compatible and complementar…
Zone name
Specific Plan District
General category
OPEN_SPACE
Zone area
1,413.35 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$31.9M
+61.2%
Restaurant
$24.5M
+23.8%
Neighborhood: shopping center
$24.1M
+21.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$19,805,000
Current use
COMMERCIAL (GENERAL)
$31,935,000
Change: +61% · Conversion: Difficult
RESTAURANT
$24,510,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,070,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$21,995,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,165,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,780,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$18,100,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$19.64M
Range $17.68M – $21.60M · ±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
$328 / 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
$107,673
Tax year 2023
Assessed value
$3,195,874
Assessed 2023
Previous assessed
$2,722,061
+17.4% YoY
Effective rate
3.37%
On assessed value
Assessed land
$434,593
Assessed improvement
$2,761,281
Land market value
$1,241,693
Improvement market value
$7,889,375
Total market value
$9,131,068
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
96
Total area
59,915 SF
Lot
2.43 ac (105,677 SF)
Zoning code
SPD
APN
040-972-12
UPID
US62-0415270
Jurisdiction
WASHOE
Zoning & alternative use
SPD · Reno, NVZoning SPD · permitted uses
SPD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate projects or plans where the design and configuration of the uses are so arranged as to constitute a single functionally integrated entity. In such projects the use of land within a component, and among the various components if there is more than one component, shall be designed to be compatible and complementary. In this district, the location, use, and physical characteristics of structures, improvements, and open space shall all work together in furthering the stated purpose of the design of the project or plan.
Zone name
Specific Plan District
General category
OPEN_SPACE
Zone area
1,413.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$31.9M
RESTAURANT
Est. value
$24.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.1M
MEDICAL BUILDING
Est. value
$22.0M
AUTO REPAIR, GARAGE
Est. value
$20.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.8M
OFFICE BUILDING
Est. value
$18.1M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
96
Lot
2.43 ac
Current owner
From public records · entity-resolved
Reno Hospitality LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Reno Hospitality LLC
—
Deed
related
$7,381,981 · B1bank
Jun 7, 2007
—
Reno Hospitality LLC
—
Trustees Deed
related
$13,000,000 · Standard Insurance Co
Aug 5, 2003
$1,162,610
Reno Hospitality LLC
Mountainview Corporate Center
Grant Deed
—
—
—
Reno Hospitality LLC
—
Deed Of Trust
related
$38,000,000 · Redwood Com'l Mtg Corp
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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