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Property profile & analytics
FOR LEASE
Community centers
6865 Sierra Center Pkwy Reno, NV 89511
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0069989
For Lease
1 / 2
$6,385,000
6865 Sierra Center Pkwy, Reno, NV 89511
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,340 SF
Lot
5.41 ac (235,790 SF)
Zoning code
MS
APN
025-561-25
UPID
US62-0069989
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
-
Famous Footwear Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Consign Furniture Reno Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
Owner & transaction history
Aj Rock Buildings LLC · 4 yrs held
Aj Rock Buildings LLC
since 2022
7 recorded transactions
Zoning & alternative use
MS · 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
$151 / 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
$65,443
Tax year 2023
Assessed value
$2,187,545
Assessed 2023
Previous assessed
$1,935,589
+13.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$907,792
Assessed improvement
$1,279,753
Land market value
$2,593,690
Improvement market value
$3,656,436
Total market value
$6,250,126
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
42,340 SF
Lot
5.41 ac (235,790 SF)
Zoning code
MS
APN
025-561-25
UPID
US62-0069989
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.
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
5.41 ac
Current owner
From public records · entity-resolved
Aj Rock Buildings LLC
Entity
Mailing address
11135 N ARCTIC FLS LOOP, HAYDEN LAKE, ID 83835-6048
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
—
Aj Rock Buildings LLC
Rocks Consign Furniture LLC
Correction Deed
related
$300,000 · Heritage Bank Of Nevada
Dec 9, 2021
—
Aj Rock Buildings LLC
Rocks Consign Furniture LLC
Deed
—
Sep 15, 2017
—
Rocks Consign Furniture LLC
—
Deed
related
$2,700,000 · Heritage Bk/nv
Mar 17, 2014
$2,275,000
Rocks Consign Furniture LLC
Sierra Town On Virginia LLC
Grant Deed
$1,137,500 · Heritage Bk/nv
Feb 26, 2013
$1,400,000
Sierra Town Of Virginia LLC
Gwynn Thomas LP
Grant Deed
—
Apr 19, 2004
—
Gwynn Thomas LP
Burridge,herbert M & Jennie M
Grant Deed
related
—
Feb 13, 2003
$6,410,250
Herbert M Burridge
Burridge,herbert M & Virginia M
Grant Deed
related
—
Feb 7, 2003
$6,410,250
Herbert M Burridge
Tc Sierra Town Center INC
Grant Deed
$4,360,000 · Nevada State Bank
—
—
Rocks Consign Furniture LLC
—
Deed Of Trust
related
$958,000 · Nevada St Dev
—
—
Rocks Consign Furniture LLC
—
Loan Modification
related
$1,159,208 · Heritage Bk/nv
—
—
Rocks Consign Furniture LLC
—
Loan Modification
related
$930,000 · Heritage Bk/nv
—
—
Rocks Consign Furniture LLC
—
Loan Modification
related
$2,700,000 · Heritage Bk/nv
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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