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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Motels
701 7th St Reno, NV 89512-3429
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0085318
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,252 SF
Lot
2.41 ac (105,110 SF)
Zoning code
MDID
APN
008-030-08
UPID
US62-0085318
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
-
Zazzle Black (Bike/Boat/Book/etc) Store
-
DonThe Barber Barber Shop
-
Americas Best Value Inn Reno Hotel & Motel
-
Siegel Suites 7th Street Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Seventh St Reno Holdings LLC · 8 yrs held
Seventh St Reno Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
MDID · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,025,000
6.5%
$3,715,000
7%
$3,450,000
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±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
$73 / 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
$32,364
Tax year 2023
Assessed value
$1,194,129
Assessed 2023
Previous assessed
$1,015,193
+17.6% YoY
Effective rate
2.71%
On assessed value
Assessed land
$397,316
Assessed improvement
$796,813
Land market value
$1,135,188
Improvement market value
$2,276,608
Total market value
$3,411,796
Applied tax rate
1,002.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
4
Units
139
Total area
42,252 SF
Lot
2.41 ac (105,110 SF)
Zoning code
MDID
APN
008-030-08
UPID
US62-0085318
Jurisdiction
WASHOE
Zoning & alternative use
MDID · Reno, NVZoning MDID · permitted uses
MDID · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Buildings
2
Units
139
Lot
2.41 ac
Current owner
From public records · entity-resolved
Seventh St Reno Holdings LLC
Entity
Mailing address
3790 PARADISE RD STE #250, LAS VEGAS, NV 89169-4640
Ownership since
2017
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
Mar 28, 2022
—
Seventh St Reno Holdings LLC
—
Deed
related
$9,000,000 · Banc Of California NA
Oct 2, 2017
$5,137,500
Seventh St Reno Holdings LLC
Big Star Investments LLC
Bargain And Sale Deed
$4,625,000 · Banc Of California NA
Jul 12, 2001
—
Big Star Investments LLC
Hardy,walter & Doris N
Grant Deed
$218,995 · Walter & Doris N
May 13, 1999
$4,000,000
Walter Hardy
Hardy Boys INC
Grant Deed
related
—
—
—
Big Star Investments LLC
—
Deed Of Trust
related
$3,000,000 · Innovative Bank
—
—
Big Star Investments LLC
—
Deed Of Trust
related
$2,640,000 · Hanmi Bank
—
—
Wailter Hardy
—
Deed Of Trust
related
$1,560,000 · Western Security Bank
—
—
Walter Hardy
—
Deed Of Trust
related
$1,000,000 · Western Security 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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