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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
700 Sierra St Reno, NV 89503-4610
Entity Owned
17-yr Hold
Free & Clear
Property ID
US62-0385519
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Construction
METAL FRAME
Total area
2,161 SF
Lot
0.47 ac (20,421 SF)
Zoning code
MDUD
APN
007-214-24
UPID
US62-0385519
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
-
Foster's Chevron Gas Station
-
CoinFlip Bitcoin ATM Investment Service Money Transfer Service
-
ATM (Foster Shell) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fosters Sierra Service LLC · 17 yrs held
Fosters Sierra Service LLC
since 2008
5 recorded transactions
Zoning & alternative use
MDUD · 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
—
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
$12,554
Tax year 2023
Assessed value
$338,692
Assessed 2023
Previous assessed
$274,073
+23.6% YoY
Effective rate
3.71%
On assessed value
Assessed land
$150,094
Assessed improvement
$188,598
Land market value
$428,841
Improvement market value
$538,852
Total market value
$967,693
Applied tax rate
1,001.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,161 SF
Lot
0.47 ac (20,421 SF)
Zoning code
MDUD
APN
007-214-24
UPID
US62-0385519
Jurisdiction
WASHOE
Zoning & alternative use
MDUD · Reno, NV
Zoning MDUD · permitted uses
MDUD · 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
1974
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Fosters Sierra Service LLC
Entity
Free & Clear · 17 yrs held
Mailing address
700 N SIERRA ST, RENO, NV 89503-4610
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2008
—
Fosters Sierra Service LLC
Foster David & S Fam Trust
Quit Claim Deed
—
Aug 21, 2008
—
Foster David & S Family Trust
Fosters Sierra Service LLC
Quit Claim Deed
$675,000 · Plumas Bank
Jul 7, 2005
—
Fosters Sierra Service LLC
Foster David & S Trust
Quit Claim Deed
related
—
Jun 8, 2005
—
Foster David & Sharon Trust
Foster,david N & Sharon L
Quit Claim Deed
related
—
Feb 6, 1995
$500,000
David N Foster
Chevron USA INC
Grant Deed
$450,000 · Jackson Oil 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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