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Property profile & analytics
OFF-MARKET
Estimated value
$4,935,000
Automotive properties
780 Kietzke Ln Reno, NV 89502-2014
Entity Owned
15-yr Hold
Free & Clear
Property ID
US62-0403540
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,798 SF
Lot
3.59 ac (156,293 SF)
Zoning code
GC
APN
013-314-08
UPID
US62-0403540
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Bill Pearce Courtesy Honda Parts Auto Parts Store
-
Bill Pearce Courtesy Honda Service Auto Repair Shop
-
Bill Pearce Courtesy Honda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.94M
Owner & transaction history
Pr & M Investments LLC · 15 yrs held
Pr & M Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$7.9M
+3.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,855,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,560,000
Change: -14% · Conversion: Easy
RETAIL STORES
$6,485,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.94M
Range $4.44M – $5.43M · ±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
$207 / 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
$45,495
Tax year 2023
Assessed value
$1,406,983
Assessed 2023
Previous assessed
$1,171,982
+20.1% YoY
Effective rate
3.23%
On assessed value
Assessed land
$724,809
Assessed improvement
$682,174
Land market value
$2,070,884
Improvement market value
$1,949,069
Total market value
$4,019,953
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
23,798 SF
Lot
3.59 ac (156,293 SF)
Zoning code
GC
APN
013-314-08
UPID
US62-0403540
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NVZoning GC · permitted uses
GC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,752.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.5M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
3.59 ac
Current owner
From public records · entity-resolved
Pr & M Investments LLC
Entity
Free & Clear · 15 yrs held
Mailing address
124 GREENRIDGE DR, RENO, NV 89509-3927
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2018
—
P R & M Investments LLC
—
Loan Modification
related
$3,669,875 · Jp Morgan Chase Bk
Aug 9, 2011
—
Pr & M Investments LLC
Pearce Properties
Grant Deed
related
—
Nov 27, 1996
—
Pearce Properties
Pearce Trust
Quit Claim Deed
related
$950,000 · Pioneer Citizens Bank Nevada
Jan 24, 1996
—
Pearce Properties
Pearce Trust
Quit Claim Deed
related
—
—
—
Pearce Properties
—
Deed Of Trust
related
$3,669,875 · J P Morgan Chase Bank
—
—
Pr & M Investments LLC
—
Deed Of Trust
related
$3,250,982 · J P Morgan Chase Bank
—
—
Pearce Properties
—
Deed Of Trust
related
$1,420,000 · Bank One NA
—
—
Pr & M Investments LLC
—
Loan Modification
related
$17,028,135 · Jp Morgan Chase Bk
—
—
Pearce Trust
—
Deed Of Trust
related
$1,800,000 · Pioneer Citizens Bank Nevada
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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