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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Retail space
955 Virginia St Reno, NV 89502-0407
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1283055
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,508 SF
Lot
0.3 ac (12,981 SF)
Zoning code
MUMC
APN
011-332-12
UPID
US62-1283055
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
-
Directors Investment Insurance Agency
-
Local Beer Works Bar & Pub
-
Nutrition Report Cards Inc Physician
-
Let's Do Things Event Planning Wedding Service
-
Pangolin Cafe Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Noe Valley Investments Nevada LLC · 3 yrs held
Noe Valley Investments Nevada LLC
since 2023
7 recorded transactions
Zoning & alternative use
MUMC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,640,000
6.5%
$2,435,000
7%
$2,260,000
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±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
$146 / 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
$11,929
Tax year 2023
Assessed value
$475,199
Assessed 2023
Previous assessed
$396,688
+19.8% YoY
Effective rate
2.51%
On assessed value
Assessed land
$121,030
Assessed improvement
$354,169
Land market value
$345,800
Improvement market value
$1,011,910
Total market value
$1,357,710
Applied tax rate
1,002.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
12,508 SF
Lot
0.3 ac (12,981 SF)
Zoning code
MUMC
APN
011-332-12
UPID
US62-1283055
Jurisdiction
WASHOE
Zoning & alternative use
MUMC · Reno, NV
Zoning MUMC · permitted uses
MUMC · 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Noe Valley Investments Nevada LLC
Entity
Mailing address
59 28TH ST, SAN FRANCISCO, CA 94110-4908
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Noe Valley Investments Nevada LLC
Noe Valley Investments LLC
Bargain And Sale Deed
—
Aug 15, 2022
—
City Of Reno
Regional Trans Commission Of Washoe
Quit Claim Deed
related
—
Feb 14, 2022
$3,600,000
Noe Valley Investments LLC
Tmmr 1 De Spe LLC
Bargain And Sale Deed
$2,100,000 · Bank Of The West
Nov 6, 2019
—
Tmmr 1-de Spe LLC
Steamboat Cmrc Ctr De Spe Ll
Grant Deed
$2,000,000 · Miscellaneous Ins Co
Oct 19, 2017
$1,595,000
Tmmr 1-de Spe LLC
955 South Virginia LLC
Grant Deed
—
Oct 18, 2017
$1,595,000
Tmmr 1-de Spe LLC
955 South Virginia LLC
Grant Deed
—
Sep 11, 2012
$375,000
955 South Virginia LLC
Sa Challenger INC
Quit Claim Deed
related
—
Oct 4, 2011
$740,000
Sa Challenger INC
Western Title Co LLC
Trustees Deed
related
—
Mar 10, 2006
—
Western Energy Ltd
Wood,griffin N & Brande A
Grant Deed
—
Feb 28, 2006
$1,250,000
Griffin N Wood
Western Energy Ltd
Grant Deed
$865,000 · Big Brother Bail Bonds
Oct 10, 1997
$760,000
Western Energy Ltd
Snyder Trust
Grant Deed
related
$359,565 · Seller
—
—
955 South Virginia LLC
—
Deed Of Trust
related
$240,000 · Western Alliance 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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