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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Investment properties
599 California Ave Reno, NV 89509-1449
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0465695
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,501 SF
Lot
0.36 ac (15,477 SF)
Zoning code
PO
APN
011-142-05
UPID
US62-0465695
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
-
Chimney Safe General Contractor Renovation Specialist
-
Thrive Wellness Reno Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.85M
Owner & transaction history
Mcgeiger Investments LLC · 2 yrs held
Mcgeiger Investments LLC
since 2024
Last sale
$1.9M
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
$1,850,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.85M (Mar 28 2024)
Last sale anchor
$1.85M
Mar 28 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
$285 / 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
$7,952
Tax year 2023
Assessed value
$249,748
Assessed 2023
Previous assessed
$249,748
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$132,715
Assessed improvement
$117,033
Land market value
$379,186
Improvement market value
$334,381
Total market value
$713,567
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
2
Bathrooms
9
Total area
6,501 SF
Lot
0.36 ac (15,477 SF)
Zoning code
PO
APN
011-142-05
UPID
US62-0465695
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Bathrooms
9
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mcgeiger Investments LLC
Entity
Mailing address
491 CT ST, RENO, NV 89501-1708
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Mcgeiger Investments LLC
—
Deed
related
$1,442,300 · Western Alliance Bank
Mar 28, 2024
$1,850,000
Mcgeiger Investments LLC
Urban Achievers LLC
Bargain And Sale Deed
$925,000 · Western Alliance Bank
Mar 28, 2024
—
Mcgeiger Investments LLC
—
Deed
related
$762,000 · California Statewide Certified Developme
Aug 13, 2020
—
Urban Achievers LLC
—
Deed
related
$900,000 · The Wagner Foundation
Nov 16, 2016
$625,000
Urban Achievers LLC
Daytwa Assets LLC
Grant Deed
—
Dec 31, 2014
$625,000
Daytwa Assets LLC
Gadda Ardeth Trust
Grant Deed
$121,000 · Gadda Ardeth Trust (rt)
Nov 21, 2006
—
Gadda,ardeth Trust
Baldwin,ardith
Grant Deed
related
—
Nov 15, 2006
—
Ardith Baldwin
Ardith Baldwin
Correction Deed
related
$288,000 · Washington Mutual Bank Fa
Sep 28, 2005
—
Ardith Gadda Baldwin
Ardith Gadda Baldwin
Intrafamily Transfer
related
$250,000 · Washington Mutual Bank Fa
—
—
Urban Achievers LLC
—
Deed Of Trust
related
$900,000 · The Wagner Foundation
—
—
Ardith B Gadda
—
Deed Of Trust
related
$100,000 · John P Pagni
—
—
Ardith B Gadda
—
Deed Of Trust
related
$100,000 · John P Pagni
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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