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Property profile & analytics
FOR LEASE
Strip malls
6990 S Mccarran Blvd Reno, NV 89509
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0262246
For Lease
1 / 3
$1,195,000
6990 S Mccarran Blvd, Reno, NV 89509
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
WOOD
Total area
9,287 SF
Lot
4.86 ac (211,702 SF)
Zoning code
PO
APN
040-880-24
UPID
US62-0262246
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
-
Connor Altick, Sierra Nevada Properties-Reno Real Estate Agency
-
Guild Mortgage - Susan Day Loan Service Bank
-
Guild Mortgage - Brian Cushing Loan Service Bank
-
Laura Vinson, Sierra Nevada Properties-Reno Real Estate Agency
-
Village At LakeRidge Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Reno Lakeridge LLC · 7 yrs held
Reno Lakeridge LLC
since 2019
7 recorded transactions
Zoning & alternative use
PO · 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
Method
Estimation
Statistic approach
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$129 / 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
$209,818
Tax year 2023
Assessed value
$6,315,666
Assessed 2023
Previous assessed
$5,302,654
+19.1% YoY
Effective rate
3.32%
On assessed value
Assessed land
$896,558
Assessed improvement
$5,419,108
Land market value
$2,561,594
Improvement market value
$15,483,167
Total market value
$18,044,761
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
For Lease
Year built
2002
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
9,287 SF
Lot
4.86 ac (211,702 SF)
Zoning code
PO
APN
040-880-24
UPID
US62-0262246
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
4.86 ac
Current owner
From public records · entity-resolved
Reno Lakeridge LLC
Entity
Free & Clear · 7 yrs held
Mailing address
940 EMMETT AVE STE #200, BELMONT, CA 94002-3864
Ownership since
2019
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
Jul 24, 2019
—
Reno Lakeridge LLC
—
Deed
related
$1,300,000 · Comerica Bank
Jul 2, 2019
—
Reno Lakeridge LLC
Fae Holdings 497083r LLC
Grant Deed
—
Jan 10, 2019
—
Fae Holdings 497083r LLC
Village Of Lakeridge LLC
Grant Deed
—
Sep 7, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$1,750,000 · Combs Trust
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$2,000,000 · William Mchugh
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$1,500,000 · Combs Trust
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$2,000,000 · Samuels Trust
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$15,750,000 · Nevada State Bank
—
—
Magnolia Village LLC
—
Deed Of Trust
related
$17,200,000 · Greenwich Capital Fin'l 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.
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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