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Property profile & analytics
OFF-MARKET
Drive through restaurants
6401 Virginia St Reno, NV 89511-1104
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US62-1244447
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
WOOD
Total area
2,245 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MS
APN
040-162-40
UPID
US62-1244447
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steward,tr · 22 yrs held
Steward,tr
since 2003
7 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban is generally appropriate within or adjacent to areas identified as Corridors, Employment Areas, and Mixed-Use within the Master Plan Structu…
Zone name
Mixed Use Suburban
General category
MIXED_USE
Zone area
2,997.07 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,370
Tax year 2023
Assessed value
$266,267
Assessed 2023
Previous assessed
$236,088
+12.8% YoY
Effective rate
3.52%
On assessed value
Assessed land
$131,479
Assessed improvement
$134,788
Land market value
$375,654
Improvement market value
$385,109
Total market value
$760,763
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,245 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MS
APN
040-162-40
UPID
US62-1244447
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NVZoning MS · permitted uses
MS · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban is generally appropriate within or adjacent to areas identified as Corridors, Employment Areas, and Mixed-Use within the Master Plan Structure.
Zone name
Mixed Use Suburban
General category
MIXED_USE
Zone area
2,997.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Steward,tr
Individual
Mailing address
PO BOX 576309, MODESTO, CA 95357-6309
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2018
—
Ellis,gregory & Karen Trust
—
Deed
related
$1,021,701 · Wolf 1995 Family Trust (pt)
Nov 10, 2003
$432,000
Steward,tr
Ellis,gregory L & Karen D
Grant Deed
—
Apr 2, 2003
$1,765,000
Gregory L Ellis
Polis,jerry E & Charlotte O
Grant Deed
—
Feb 5, 1997
$605,500
Polis,jerry E
Allmon,william C & Molly
Trustees Deed
—
Feb 5, 1997
—
Jerry E Polis
Davric Corp
Quit Claim Deed
related
—
Jun 2, 1993
—
Las Cal Corp
Allmon,molly
Quit Claim Deed
related
—
—
—
Gregory L Ellis
—
Deed Of Trust
related
$250,000 · Ellis Gregory & K Trust
—
—
Ellis Gregory & Karen Trust
—
Deed Of Trust
related
$250,000 · Wolf Family 1995 Trust
—
—
Las Cal Corp
—
Deed Of Trust
related
$1,000 · Eisenberg Trust
—
—
Ellis,tr
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Ellis,gregory & Karen Trust
—
Deed Of Trust
related
$1,021,701 · Wolf 1995 Family Trust (pt)
—
—
Ssb South Virginia LLC
—
Deed Of Trust
related
—
—
—
Ellis Gregory & Karen Trust
—
Deed Of Trust
related
—
—
—
Ellis,gregory & Karen Trust
—
Deed Of Trust
related
$150,000 · Wolf Family 1995 Trust (pt)
—
—
Ellis Gregory & Karen Trust
—
Deed Of Trust
related
$150,000 · Wolf Family 1995 Trust
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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