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Property profile & analytics
OFF-MARKET
Estimated value
$12,215,000
Grocery and convenience stores
6139 Virginia St Reno, NV 89502-6027
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0353756
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,838 SF
Lot
5.51 ac (240,016 SF)
Zoning code
MU
APN
040-141-42
UPID
US62-0353756
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
-
Sierra Department Store
-
Genji Sushi Restaurant
-
Whole Foods Market Grocery & Convenience Store Food Market
-
Reno Tap Room Restaurant
-
WFM Coffee Bar Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.93M
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$12.22M
Owner & transaction history
Del Monte 1314 LLC · 9 yrs held
Del Monte 1314 LLC
since 2017
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,260,000
6.5%
$15,930,000
7%
$14,795,000
Blend value · Realmo final
$12.22M
Range $10.99M – $13.44M · ±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
$149 / 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
$117,311
Tax year 2023
Assessed value
$3,394,966
Assessed 2023
Previous assessed
$2,964,841
+14.5% YoY
Effective rate
3.46%
On assessed value
Assessed land
$1,176,074
Assessed improvement
$2,218,892
Land market value
$3,360,210
Improvement market value
$6,339,692
Total market value
$9,699,902
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
81,838 SF
Lot
5.51 ac (240,016 SF)
Zoning code
MU
APN
040-141-42
UPID
US62-0353756
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.51 ac
Current owner
From public records · entity-resolved
Del Monte 1314 LLC
Entity
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
$24,100,000
Del Monte 1314 LLC
Bre Ddr Br Reno Nv LLC
Grant Deed
—
Nov 10, 2014
$18,800,000
Bre Ddr Br Reno Nv LLC
Cole Mt Reno Nv LLC
Trustees Deed
$20,795,500 · Miscellaneous Ins Co
Mar 19, 2012
—
Cole Mt Reno Nv LLC
—
Deed Of Trust
related
$20,795,500 · Equitrust Life Insurance Co
Nov 15, 2011
$18,332,500
Cole Mt Reno Nv LLC
Spi Reno Virginia LP
Grant Deed
—
Nov 15, 2011
$2,072,000
Norap Battery LP
Spi Reno Virginia LP
Grant Deed
—
May 27, 2011
$6,931,000
Brookvale Investments LP
Spi Reno Virginia LP
Grant Deed
—
Dec 14, 2010
—
Spi Reno Virginia LP
—
Deed Of Trust
related
$9,000,000 · Bank Of America
Sep 21, 2010
—
Spi Reno Virginia LP
—
Deed Of Trust
related
$6,001,343 · Wong Dennis & S Fam Trust
Feb 26, 2009
$10,700,000
Reno Virginia Spi
Prism Reno Retail Assocs LLC
Grant Deed
$6,100,000 · State Farm Bank Fsb
Nov 10, 2005
$9,000,000
Prism Reno Retail Assocs LLC
Sko Holdings INC
Grant Deed
—
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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