New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Strip malls
8040 Virginia St, Reno, NV 89511-8951
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0405876
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,681 SF
Lot
0.33 ac (14,474 SF)
Zoning code
MS
APN
164-460-05
UPID
US62-0405876
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
-
Thomas Samuel P DDS Dental Office
-
Saint Mary's Rheumatology Medical Clinic
-
Family First Eye Care Physician
-
Alamo Corporation Corporate Office
-
Lucas Road Assistance Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Bci IV 395 Dc LLC · 6 yrs held
Bci IV 395 Dc LLC
since 2019
7 recorded transactions
Zoning & alternative use
MS · 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
$155 / 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
$25,649
Tax year 2023
Assessed value
$768,165
Assessed 2023
Previous assessed
$569,773
+34.8% YoY
Effective rate
3.34%
On assessed value
Assessed land
$246,641
Assessed improvement
$521,524
Land market value
$704,688
Improvement market value
$1,490,068
Total market value
$2,194,756
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
14,681 SF
Lot
0.33 ac (14,474 SF)
Zoning code
MS
APN
164-460-05
UPID
US62-0405876
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.
Building & site characteristics
From public records
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Bci IV 395 Dc LLC
Entity
Mailing address
2977 BELLA DR, CONCORD, CA 94519-2649
Ownership since
2019
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
Jan 4, 2022
—
Bci IV 395 Dc LLC
—
Deed
related
$408,000,000 · Jpmorgan Chase Bank NA
Aug 6, 2019
$53,900,000
Bci IV 395 Dc LLC
Logisticenter 395 Owner LLC
Grant Deed
—
Dec 19, 2016
$4,100,000
Wen Family Investments LLC
Quail Park South LLC
Grant Deed
$2,800,000 · Keypoint Cu
Jul 15, 2016
—
Logisticenter 395 Owner LLC
—
Deed
related
$8,990,000 · Compass Bk
Jul 22, 2011
—
Quail Park South LLC
—
Deed Of Trust
related
$3,101,000 · Nevada State Bank
Sep 30, 2009
—
Quail Park South LLC
—
Deed Of Trust
related
$1,000,000 · Nevada State Bank
Oct 12, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Quail Park South LLC
—
Deed Of Trust
related
$4,400,000 · Heritage Bk/nv
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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