New search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Drive through restaurants
669 Virginia St, Reno, NV 89501-2323
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0972541
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1918
Construction
WOOD
Total area
1,198 SF
Lot
0.15 ac (6,708 SF)
Zoning code
MUMC
APN
011-226-10
UPID
US62-0972541
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
-
Süp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$545k
Owner & transaction history
City Of Reno · 3 yrs held
City Of Reno
since 2022
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
MUMC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$640,000
+27.6%
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
$525,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$500,000
Current use
COMMERCIAL (GENERAL)
$640,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$420,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$405,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $540k (Aug 19 2022)
Last sale anchor
$540k
Aug 19 2022
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
$455 / 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
$2,548
Tax year 2023
Assessed value
$97,277
Assessed 2023
Previous assessed
$79,609
+22.2% YoY
Effective rate
2.62%
On assessed value
Assessed land
$65,621
Assessed improvement
$31,656
Land market value
$187,488
Improvement market value
$90,446
Total market value
$277,934
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1918
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,198 SF
Lot
0.15 ac (6,708 SF)
Zoning code
MUMC
APN
011-226-10
UPID
US62-0972541
Jurisdiction
WASHOE
Zoning & alternative use
MUMC · Reno, NV
Zoning MUMC · permitted uses
MUMC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
MEDICAL BUILDING
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$405,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1918
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
City Of Reno
Entity
Free & Clear · 3 yrs held
Mailing address
10045 TIMBERWOLF DR, RENO, NV 89523-9645
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
City Of Reno
Regional Trans Commission Of Washoe
Quit Claim Deed
related
—
May 29, 2019
—
Sup Property Co LLC
—
Deed
related
$549,000 · Bank Of America
Feb 7, 2017
—
Sup Property Co LLC
—
Deed
related
$224,000 · Nevada St Dev
Dec 12, 2016
$540,000
Sup Property Co LLC
701 South Virginia LLC
Grant Deed
$270,000 · Bank Of America
Sep 30, 2010
$175,000
701 South Virginia LLC
Weissbart,david & Cheryl H
Grant Deed
—
Sep 24, 2004
$229,000
David Weissbart
Nicora,scott A
Grant Deed
$183,200 · Washington Mutual Fsb
Sep 19, 1997
$110,000
Scott A Nicora
Red Carpet Of Nevada
Grant Deed
$105,000 · Seller
—
—
Sup Property Co LLC
—
Deed Of Trust
related
$549,000 · Bank Of America
—
—
Sup Property Co LLC
—
Deed Of Trust
related
$224,000 · Nevada St Dev
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 669 Virginia St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
