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Property profile & analytics
OFF-MARKET
Estimated value
$14,900,000
Motels
9795 Gtwy Dr Reno, NV 89521-2970
Entity Owned
~
Est. High Equity
Property ID
US62-0319740
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,315 SF
Lot
3.11 ac (135,559 SF)
Zoning code
PD
APN
163-062-12
UPID
US62-0319740
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
-
Extended Stay America - Reno - South Meadows Hotel & Motel Vacation Rental
-
ALL STAR RENTS Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.24M
Blend (final)
Blend
$14.90M
Owner & transaction history
Esap Portfolio Operating Lessee LLC
Esap Portfolio Operating Lessee LLC
since 2025
7 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.2M
+61.2%
Restaurant
$18.5M
+23.8%
Neighborhood: shopping center
$18.2M
+21.5%
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
HOTEL/MOTEL
$14,980,000
Current use
COMMERCIAL (GENERAL)
$24,155,000
Change: +61% · Conversion: Difficult
RESTAURANT
$18,540,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,205,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$15,815,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,250,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,960,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$12,385,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.90M
Range $13.41M – $16.39M · ±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
$329 / 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
$77,428
Tax year 2023
Assessed value
$2,239,897
Assessed 2023
Previous assessed
$1,957,251
+14.4% YoY
Effective rate
3.46%
On assessed value
Assessed land
$555,110
Assessed improvement
$1,684,787
Land market value
$1,586,029
Improvement market value
$4,813,678
Total market value
$6,399,707
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Total area
45,315 SF
Lot
3.11 ac (135,559 SF)
Zoning code
PD
APN
163-062-12
UPID
US62-0319740
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.0M
COMMERCIAL (GENERAL)
Est. value
$24.2M
RESTAURANT
Est. value
$18.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.0M
OFFICE BUILDING
Est. value
$12.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Lot
3.11 ac
Current owner
From public records · entity-resolved
Esap Portfolio Operating Lessee LLC
Entity
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
Ownership since
2025
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
Nov 3, 2025
—
Esap Portfolio Operating Lessee LLC
Esap Portfolio LLC
Deed
$193,500,000 · Jpmorgan Chase Bank NA
Oct 6, 2021
—
Jpmorgan Chase Bank
—
Deed
related
—
Jun 21, 2021
—
Esa P Portfolio LLC
—
Deed
related
—
Jul 10, 2007
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
May 9, 2007
—
Record Owner
Owner,record
Quit Claim Deed
—
Jun 23, 2004
—
Bre Of Esa Properties LLC
Esa Nevada INC
Quit Claim Deed
related
$2,050,000,000 · * Other Institutional Lenders
May 22, 2001
$1,210,000
Esa Nevada INC
Houston 88 LP
Grant Deed
—
Nov 21, 2000
$3,400,000
Jelich Trust
Magnolia South Meadows II LLC
Grant Deed
—
—
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$2,000,000 · J P Morgan Chase 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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