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Property profile & analytics
OFF-MARKET
Estimated value
$15,690,000
Automotive properties
900 Kietzke Ln Reno, NV 89502-2018
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0119919
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,622 SF
Lot
5.85 ac (255,000 SF)
Zoning code
GC
APN
013-312-15
UPID
US62-0119919
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
-
Reno Cadillac Car Dealership
-
Parts Center - Corwin Buick GMC Reno Auto Parts Store
-
Service Center - Corwin Buick GMC Reno Auto Repair Shop
-
Reno Buick GMC Service Auto Repair Shop Vehicle Inspection Center
-
Reno Truck Center Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.08M
Blend (final)
Blend
$15.69M
Owner & transaction history
Corwin Brothers Properties LLC · 4 yrs held
Corwin Brothers Properties LLC
since 2022
Last sale
$15.5M
3 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
Restaurant
$17.8M
+27.9%
Neighborhood: shopping center
$17.5M
+25.6%
Medical building
$15.2M
+9.1%
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
$17,675,000
ML approach
$10,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,955,000
Current use
RESTAURANT
$17,845,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,525,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$15,225,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,400,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,020,000
Change: -14% · Conversion: Easy
RETAIL STORES
$11,890,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$15.69M
Range $14.12M – $17.26M · ±10% · vs last sale $15.50M (Apr 13 2022)
Last sale anchor
$15.50M
Apr 13 2022
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
$360 / 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
$66,418
Tax year 2023
Assessed value
$1,992,243
Assessed 2023
Previous assessed
$1,669,030
+19.4% YoY
Effective rate
3.33%
On assessed value
Assessed land
$981,777
Assessed improvement
$1,010,466
Land market value
$2,805,076
Improvement market value
$2,887,047
Total market value
$5,692,123
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
43,622 SF
Lot
5.85 ac (255,000 SF)
Zoning code
GC
APN
013-312-15
UPID
US62-0119919
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
$14.0M
RESTAURANT
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$12.0M
RETAIL STORES
Est. value
$11.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.85 ac
Current owner
From public records · entity-resolved
Corwin Brothers Properties LLC
Entity
Mailing address
201 40TH ST S, FARGO, ND 58103-1117
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Corwin Brothers Properties LLC
—
Deed
related
$278,952,546 · Bank Of America NA
Nov 4, 2022
—
Corwin Brothers Properties LLC
—
Deed
related
$39,418 · Comerica Bank
Apr 13, 2022
$15,500,000
Corwin Brothers Properties LLC
M W Properties LLC
Bargain And Sale Deed
$12,400,000 · Comerica 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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