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Property profile & analytics
OFF-MARKET
Commercial real estate
7491 Reno Hwy Fallon, NV 89406-8387
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0765017
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
METAL FRAME
Lot
15.22 ac (662,983 SF)
Zoning code
C2
APN
007-251-59
UPID
US62-0765017
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
-
Western States Hemp Food Processing Plant
-
elementoriginal Physician
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
Michael Munoz · 1 yrs held
Michael Munoz
since 2025
Last sale
$85,000
4 recorded transactions
Zoning & alternative use
C2 · Fallon, 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 Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallon 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
$3,973
Tax year 2023
Assessed value
$231,890
Assessed 2023
Previous assessed
$241,315
-3.9% YoY
Effective rate
1.71%
On assessed value
Assessed land
$139,227
Assessed improvement
$92,663
Land market value
$397,791
Improvement market value
$264,751
Total market value
$662,542
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
15.22 ac (662,983 SF)
Zoning code
C2
APN
007-251-59
UPID
US62-0765017
Jurisdiction
CHURCHILL
Zoning & alternative use
C2 · Fallon, NVZoning C2 · permitted uses
C2 · Fallon, 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
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
15.22 ac
Current owner
From public records · entity-resolved
Michael Munoz
Individual
Mailing address
1011 RICE RD, FALLON, NV 89406-5458
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$725,000
Michael Munoz
Rambling River Ranches INC
Bargain & Sale Deed
$525,000 · Rambling River Ranches INC
May 16, 2014
$85,000
James W Biffle
Toone J M Living Trust
Grant Deed
$80,000 · Carl & Lynda Norris
Jun 4, 2013
$3,743
Treasurer Of Churchill County Tr
Treasurer Of Churchill County
Trustees Deed
—
—
—
Biffle,james W Trust
—
Loan Modification
related
$149,751 · Carl & Lynda Norris
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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