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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Retail space
606 Plumb Ln Reno, NV 89509-3600
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0813724
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
WOOD
Total area
15,311 SF
Lot
1.68 ac (72,963 SF)
Zoning code
NC
APN
019-023-41
UPID
US62-0813724
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
-
State 36 Clothing Co. Clothing Store
-
Bella Italia of Sierra Italia Inc. Grocery & Convenience Store Food Market
-
Arlington Gardens Mall Shopping Center & Mall
-
Rattlesnake Bistro Restaurant
-
Keep Stayin' Brows & Beauty Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$3.65M
Owner & transaction history
Josefs Vienna Bakery And Cafe · 1 yrs held
Josefs Vienna Bakery And Cafe
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
NC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
Top alternative use upside
Medical building
$5.3M
+35.8%
Auto repair, garage
$5.2M
+30.9%
Apartment house (5+ units)
$5.1M
+28.4%
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
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,980,000
7%
$2,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,935,000
Current use
MEDICAL BUILDING
$5,345,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,150,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,055,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$4,345,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.65M (Oct 8 2024)
Last sale anchor
$3.65M
Oct 8 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
$238 / 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
$30,967
Tax year 2023
Assessed value
$915,002
Assessed 2023
Previous assessed
$782,120
+17.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$306,361
Assessed improvement
$608,641
Land market value
$875,316
Improvement market value
$1,738,975
Total market value
$2,614,291
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
15,311 SF
Lot
1.68 ac (72,963 SF)
Zoning code
NC
APN
019-023-41
UPID
US62-0813724
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NVZoning NC · permitted uses
NC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with the adjacent neighborhoods.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
208.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.3M
RETAIL STORES Current
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
1938
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Josefs Vienna Bakery And Cafe
Individual
Mailing address
606 W PLUMB LN STE #7, RENO, NV 89509-3689
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Josef S Vienna Bakery & Cafe
—
Deed
related
$1,508,000 · Nevada State Development Corporation
Oct 8, 2024
$3,650,000
Josefs Vienna Bakery And Cafe
Hi Bound INC
Bargain & Sale Deed
$1,840,106 · Zb NA
Dec 11, 2019
—
Hi-bond INC
—
Deed
related
$1,818,730 · Heritage Bk/nv
Oct 31, 2019
—
Hi-bound INC
—
Deed
related
$1,818,730 · Heritage Bk/nv
Oct 29, 2019
—
Hi-bound INC
Hi-bound INC
Quit Claim Deed
$924,000 · Nevada St Dev
May 30, 2018
—
Hi-bound LLC
—
Trustees Deed
related
$2,720,000 · Heritage Bk/nv
—
—
Hi-bound INC
—
Deed Of Trust
related
$1,818,730 · Heritage Bk/nv
—
—
Hi-bond INC
—
Loan Modification
related
$1,818,730 · Heritage Bk/nv
—
—
Hi-bound LLC
—
Loan Modification
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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