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Property profile & analytics
OFF-MARKET
Auto shops
651 4th St Reno, NV 89512-3402
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0430821
Property summary
AI-generated overview
This exceptional 1,296 square foot freestanding retail building, located at 651 East 4th Street in Reno, Nevada, presents a unique opportunity. Built in 1955, this single-story structure sits on a single lot and offers a versatile layout including a spacious main area, a front office/reception area, and two restrooms. Detailed floor plans are available upon request. The property's strategic location at the intersection of East 4th Street and Eureka Avenue provides excellent visibility and accessibility, with convenient proximity to the I-80/Wells Avenue freeway on-ramp (less than half a mile away). Currently vacant, this space is ideal for a variety of retail uses. The property is zoned MD-ID Mixed-Use Innovation District, and automotive uses are no longer permitted
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1955
Construction
METAL FRAME
Total area
1,296 SF
Lot
0.19 ac (8,178 SF)
Zoning code
MDID
APN
008-242-07
UPID
US62-0430821
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Emr Industrial LLC · 3 yrs held
Emr Industrial LLC
since 2022
1 recorded transaction
Zoning & alternative use
MDID · 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
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
$1,538
Tax year 2023
Assessed value
$46,861
Assessed 2023
Previous assessed
$38,584
+21.5% YoY
Effective rate
3.28%
On assessed value
Assessed land
$34,348
Assessed improvement
$12,513
Land market value
$98,136
Improvement market value
$35,752
Total market value
$133,888
Applied tax rate
1,002.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1955
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
1,296 SF
Lot
0.19 ac (8,178 SF)
Zoning code
MDID
APN
008-242-07
UPID
US62-0430821
Jurisdiction
WASHOE
Zoning & alternative use
MDID · Reno, NVZoning MDID · permitted uses
MDID · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Emr Industrial LLC
Entity
Free & Clear · 3 yrs held
Mailing address
136 RDG ST, RENO, NV 89501-1938
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Emr Industrial LLC
Emr Land Co LLC
Intrafamily Transfer
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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