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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Strip malls
6775 Sierra Ctr Pkwy, Reno, NV 89511-2371
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0399066
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,459 SF
Lot
1.43 ac (62,378 SF)
Zoning code
MS
APN
025-561-23
UPID
US62-0399066
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
-
Pho Restaurant Restaurant
-
Tea Leaf Cafe Cafe & Coffee Shop
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
-
OsteoStrong Reno - Huffaker Park Gym & Fitness Center Alternative Medicine Practice
-
Lavender Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.32M
Owner & transaction history
John Mccorkindale · 5 yrs held
John Mccorkindale
since 2021
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+32.7%
Restaurant
$3.5M
+1.8%
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
$3,315,000
ML approach
$3,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,400,000
Current use
COMMERCIAL (GENERAL)
$4,510,000
Change: +33% · Conversion: Easy
RESTAURANT
$3,460,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$3,105,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,845,000
Change: -16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,790,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.08M (Apr 15 2021)
Last sale anchor
$3.08M
Apr 15 2021
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
$392 / 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
$20,058
Tax year 2023
Assessed value
$572,603
Assessed 2023
Previous assessed
$504,150
+13.6% YoY
Effective rate
3.50%
On assessed value
Assessed land
$256,530
Assessed improvement
$316,073
Land market value
$732,942
Improvement market value
$903,066
Total market value
$1,636,008
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,459 SF
Lot
1.43 ac (62,378 SF)
Zoning code
MS
APN
025-561-23
UPID
US62-0399066
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
John Mccorkindale
Individual
Mailing address
2570 GREENSBORO DR, RENO, NV 89509-5753
Ownership since
2021
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
Apr 15, 2021
$3,080,000
John Mccorkindale
Daniel Gluhaich
Bargain And Sale Deed
—
Dec 17, 2018
—
Daniel Gluhaich
—
Deed
related
$1,620,000 · Cathay Bank
Aug 22, 2017
—
Gluhaich Family Trust
—
Deed
related
$500,000 · Gerald JR Bittner
Jun 22, 2016
—
Daniel Gluhaich
—
Deed
related
$1,140,000 · Meadows Bank
Oct 9, 2003
—
Gluhaich,tr
—
Trustees Deed
related
$1,650,000 · Nevada State Bank
Oct 11, 2002
$550,000
Cluhaich,tr
Tc Sierra Corp
Grant Deed
$360,000 · Nevada State Bank
—
—
Gluhaich,tr
—
Deed Of Trust
related
$1,550,000 · Standard Insurance Co
—
—
Gluhaich Family Trust
—
Deed Of Trust
related
$500,000 · Gerald JR Bittner
—
—
Gluhaich Family Trust
—
Deed Of Trust
related
$500,000 · Wolf Randall A 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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