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Property profile & analytics
OFF-MARKET
Estimated value
$20,760,000
Hotels
6855 Virginia St Reno, NV 89511-1120
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0100934
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
WOOD
Total area
63,475 SF
Lot
2.43 ac (105,851 SF)
Zoning code
MS
APN
040-162-68
UPID
US62-0100934
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
-
Courtyard Reno Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
6855 South Virginia Street Parking Parking Lot & Garage
-
Amazon Locker - Efficacy Postal Service Courier Service
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.36M
Blend (final)
Blend
$20.76M
Owner & transaction history
Not Provided · 8 yrs held
Not Provided
since 2018
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
Top alternative use upside
Commercial (general)
$33.8M
+61.2%
Restaurant
$26.0M
+23.8%
Neighborhood: shopping center
$25.5M
+21.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,985,000
Current use
COMMERCIAL (GENERAL)
$33,835,000
Change: +61% · Conversion: Difficult
RESTAURANT
$25,970,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$25,500,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$23,305,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,360,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,955,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$19,175,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$20.76M
Range $18.68M – $22.84M · ±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
$327 / 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
$105,144
Tax year 2023
Assessed value
$3,105,280
Assessed 2023
Previous assessed
$2,657,357
+16.9% YoY
Effective rate
3.39%
On assessed value
Assessed land
$466,799
Assessed improvement
$2,638,481
Land market value
$1,333,710
Improvement market value
$7,538,518
Total market value
$8,872,228
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
117
Total area
63,475 SF
Lot
2.43 ac (105,851 SF)
Zoning code
MS
APN
040-162-68
UPID
US62-0100934
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$21.0M
COMMERCIAL (GENERAL)
Est. value
$33.8M
RESTAURANT
Est. value
$26.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.5M
MEDICAL BUILDING
Est. value
$23.3M
AUTO REPAIR, GARAGE
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.0M
OFFICE BUILDING
Est. value
$19.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
117
Lot
2.43 ac
Current owner
From public records · entity-resolved
Not Provided
Individual
Mailing address
7200 GLN FRST DR STE #200, RICHMOND, VA 23226-3768
Ownership since
2018
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
Dec 23, 2022
—
Sandpiper Reno LLC
—
Deed
related
$16,575,000 · Key Bank NA
Feb 7, 2018
$21,125,000
Not Provided
Np
Deed In Lieu Of Foreclosure
related
$17,250,000 · Citi Real Estate Funding INC
Dec 5, 2016
—
Tpg Reno LLC
—
Loan Modification
related
$13,865,000 · Compass Bk
Sep 17, 2014
$16,000,000
Tpg Reno LLC
Leeward Strategic Properties INC
Bargain And Sale Deed
$12,300,000 · Compass Bank
Oct 3, 2012
—
Leeward Strategic Props INC
W2007 Eqn Intermountain LLC
Deed In Lieu Of Foreclosure
related
—
May 29, 2008
—
W2007 Eqn Intermountain LLC
W2007 Equity Inns Reno LLC
Quit Claim Deed
related
$36,600,000 · General Electric Capital Corp
Nov 29, 2007
$24,000,000
W2007 Equity Inns Reno LLC
Mtw Hotels LLC
Grant Deed
related
—
—
—
W2007 Eqn Intermountain LLC
—
Deed Of Trust
related
$1,600,000 · General Electric Capital Corp
—
—
Mtw Hotels LLC
—
Deed Of Trust
related
$6,002,486 · Regions Bank
—
—
Mtw Hotels LLC
—
Deed Of Trust
related
$8,700,000 · Column Financial INC
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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