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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
551 California Ave Reno, NV 89509-1449
Entity Owned
1-yr Hold
Property ID
US62-0456559
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,454 SF
Lot
0.17 ac (7,202 SF)
Zoning code
PO
APN
011-152-35
UPID
US62-0456559
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$585k
Owner & transaction history
Ramatici Investments LLC Series 3 · 1 yrs held
Ramatici Investments LLC Series 3
since 2025
Last sale
$587,000
7 recorded transactions
Zoning & alternative use
PO · 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
$585,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $587k (Feb 6 2024)
Last sale anchor
$587k
Feb 6 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
$402 / 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
$2,642
Tax year 2023
Assessed value
$87,200
Assessed 2023
Previous assessed
$87,200
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$61,757
Assessed improvement
$25,443
Land market value
$176,449
Improvement market value
$72,694
Total market value
$249,143
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,454 SF
Lot
0.17 ac (7,202 SF)
Zoning code
PO
APN
011-152-35
UPID
US62-0456559
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ramatici Investments LLC Series 3
Entity
Mailing address
551 CALIFORNIA AVE, RENO, NV 89509-1449
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Ramatici Investments LLC Series 3
Jacob Ramatici
Deed
related
—
Feb 6, 2024
—
Jacob Ramatici
Jacob D Ramatici
Intrafamily Transfer
related
—
Dec 3, 2021
$587,000
Jacob D Ramatici
Randy Gene Lisenby
Bargain And Sale Deed
$440,250 · Infinity Equity Group LLC
Mar 16, 2020
—
Randy Gene Lisenby
Susan A Armstrong
Intrafamily Transfer
related
$130,000 · United Wholesale Mortgage
Jan 29, 2020
—
Susan A Armstrong
Susan A Armstrong
Quit Claim Deed
related
—
Sep 20, 2005
—
Susan A Armstrong
Armstrong,scott C
Quit Claim Deed
related
$130,000 · Nevada State Bank
Jun 19, 1995
$130,000
Armstrong,scott C & Susan A
Moss,susan
Trustees Deed
$105,000 · Edwards Trust
Aug 23, 1994
$195,000
Susan Moss
Northwestern Con
Grant Deed
$15,000 · Seller
Dec 23, 1993
$190,000
Const Northwestern
Edwards Trust
Grant Deed
$140,000 · Seller
—
—
Susan Moss
—
Deed Of Trust
related
$34,000 · Edwards Trust
—
—
Susan A Armstrong
—
Deed Of Trust
related
$192,000 · Nevada State Bank
—
—
Scott C Armstrong
—
Deed Of Trust
related
$97,641 · Nevada State Bank
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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