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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
970 7th St Reno, NV 89503-2707
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0226323
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1928
Construction
FRAME
Total area
1,880 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC
APN
006-124-01
UPID
US62-0226323
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
-
Tranquility Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Life Coach - Ashram Coaching Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Thomas J Hayward · 4 yrs held
Thomas J Hayward
since 2022
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
NC · 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
$635,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$455,000
6.5%
$420,000
7%
$390,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (Jul 8 2022)
Last sale anchor
$650k
Jul 8 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
$343 / 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
$2,502
Tax year 2023
Assessed value
$79,064
Assessed 2023
Previous assessed
$69,904
+13.1% YoY
Effective rate
3.16%
On assessed value
Assessed land
$36,750
Assessed improvement
$42,314
Land market value
$105,000
Improvement market value
$120,898
Total market value
$225,898
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1928
Construction
FRAME
Heating
GRAVITY
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
1,880 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC
APN
006-124-01
UPID
US62-0226323
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NV
Zoning NC · permitted uses
NC · 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
1928
Construction
FRAME
Heating
GRAVITY
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Thomas J Hayward
Individual
Mailing address
4005 QUAIL ROCK LN, RENO, NV 89511-6748
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$650,000
Thomas J Hayward
Dorothy Armen
Bargain And Sale Deed
—
Oct 1, 2012
$185,000
Armen Karl & Dorothy Fam Trust
First Citizens Bk & Trust Co
Grant Deed
—
Sep 19, 2011
$189,573
First Citizens Bk & Trust Co
Refs INC
Trustees Deed
related
—
Oct 31, 2005
$550,000
Robert W Jones
Quilici P A Fam Trust
Grant Deed
$500,000 · Quilici Paul A Family Trust 006329
Oct 31, 2005
—
Quilici Paul A Family Trust
Quilici Paul A Fam Trust
Quit Claim Deed
related
—
Dec 21, 1995
$175,000
Quilici Trust
Quilici Trust
Grant Deed
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.
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