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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Warehouses
7550 Virginia St Reno, NV 89506-7770
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0462905
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
METAL FRAME
Total area
6,973 SF
Lot
1.74 ac (75,664 SF)
Zoning code
MS
APN
082-491-01
UPID
US62-0462905
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
-
Schwan’s Take-out & Catering Grocery & Convenience Store
-
Schwan Food Co Take-out & Catering Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.70M
Owner & transaction history
7550 N Virginia St LLC · 1 yrs held
7550 N Virginia St LLC
since 2024
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+200.2%
Medical building
$2.4M
+160.8%
Auto repair, garage
$2.3M
+151.5%
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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,800,000
Change: +200% · Conversion: Moderate
MEDICAL BUILDING
$2,435,000
Change: +161% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,345,000
Change: +151% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,300,000
Change: +147% · Conversion: Difficult
OFFICE BUILDING
$1,850,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Sep 23 2024)
Last sale anchor
$1.70M
Sep 23 2024
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
$244 / 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
$11,002
Tax year 2023
Assessed value
$336,919
Assessed 2023
Previous assessed
$336,919
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$86,067
Assessed improvement
$250,852
Land market value
$245,905
Improvement market value
$716,720
Total market value
$962,625
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,973 SF
Lot
1.74 ac (75,664 SF)
Zoning code
MS
APN
082-491-01
UPID
US62-0462905
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
7550 N Virginia St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5401 BYRON HOT SPGS RD STE #506, BYRON, CA 94514-1611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$1,700,000
7550 N Virginia St LLC
7750 N Vir Sp T1 LLC
Bargain And Sale Deed
—
Apr 18, 2024
$300,000
7750 N Vir Sp T1 LLC
Cygnus Properties LLC
Bargain And Sale Deed
—
Jul 31, 2020
—
Cygnus Home Service LLC
—
Deed
related
—
May 19, 1998
$189,000
Schwans Sales Enterprises INC
Eldorado Resorts LLC
Grant Deed
—
Jul 2, 1996
—
Eldorado Resorts LLC
Eldorado Hotel Associates LP
Quit Claim Deed
related
—
—
—
Cygnus Home Service LLC
—
Deed Of Trust
related
—
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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