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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Auto shops
70 Grv St Reno, NV 89509-4001
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0459536
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,480 SF
Lot
1.23 ac (53,361 SF)
Zoning code
MU
APN
019-202-18
UPID
US62-0459536
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.50M
Blend (final)
Blend
$4.56M
Owner & transaction history
Peppermill Casinos INC · 5 yrs held
Peppermill Casinos INC
since 2020
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+21.6%
Neighborhood: shopping center
$7.0M
+19.4%
Medical building
$6.1M
+3.7%
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
$4,630,000
ML approach
$4,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,880,000
Current use
RESTAURANT
$7,150,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,020,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$6,100,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$4,960,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±10% · vs last sale $4.55M (Nov 23 2020)
Last sale anchor
$4.55M
Nov 23 2020
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
$261 / 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
$21,937
Tax year 2023
Assessed value
$655,211
Assessed 2023
Previous assessed
$553,841
+18.3% YoY
Effective rate
3.35%
On assessed value
Assessed land
$248,428
Assessed improvement
$406,783
Land market value
$709,794
Improvement market value
$1,162,238
Total market value
$1,872,032
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
17,480 SF
Lot
1.23 ac (53,361 SF)
Zoning code
MU
APN
019-202-18
UPID
US62-0459536
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
AUTO REPAIR, GARAGE Current
Est. value
$5.9M
RESTAURANT
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Peppermill Casinos INC
Entity
Mailing address
90 W GRV ST #600, RENO, NV 89509-4001
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
$4,550,000
Peppermill Casinos INC
Peppermill Properties LLC
Bargain And Sale Deed
$625,000,000 · Us Bank NA
Apr 13, 2011
—
Peppermill Properties LLC
—
Deed Of Trust
related
$138,448,523 · Northwestern Mutual Life Ins
Aug 3, 2007
—
Peppermill Properties LLC
—
Deed Of Trust
related
$132,000,000 · Northwestern Mutual Life Ins
Aug 16, 2001
—
Peppermill Properties LLC
—
Deed Of Trust
related
$3,750,000 · Golden American Life Insurance
Feb 7, 1995
$1,200,000
Peppermill Properties LLC
Thomas,mark E & Dorlisa H
Grant Deed
$600,000 · Seller
Jan 31, 1994
$940,000
Mark E Thomas
Westland Inv
Grant Deed
$600,000 · Bank Of America Nevada
Aug 31, 1989
$1,530,000
Investments Westland
Unknown
Grant Deed
—
—
—
Peppermill Properties LLC
—
Deed Of Trust
related
$1,480,000 · Union Bank
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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