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Property profile & analytics
OFF-MARKET
Estimated value
$12,755,000
Investment properties
Plumb Ln Reno, NV 89509
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0504080
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1995
Lot
2.73 ac (119,006 SF)
Zoning code
MU
APN
014-251-55
UPID
US62-0504080
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
-
Kaffe Crepe Coffee Shop
-
Traveler Gifts (Bike/Boat/Book/etc) Store
-
State 36 Clothing Co. Clothing Store
-
Adventure News (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
Bella Italia of Sierra Italia Inc. Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.76M
Owner & transaction history
Lakeside Plaza LLC · 6 yrs held
Lakeside Plaza LLC
since 2020
Last sale
$12.7M
5 recorded transactions
Zoning & alternative use
MU · 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
$12,905,000
ML approach
$9,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.76M
Range $11.48M – $14.03M · ±10% · vs last sale $12.68M (Feb 28 2020)
Last sale anchor
$12.68M
Feb 28 2020
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
—
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
$21,379
Tax year 2023
Assessed value
$657,481
Assessed 2023
Previous assessed
$581,255
+13.1% YoY
Effective rate
3.25%
On assessed value
Assessed land
$541,423
Assessed improvement
$116,058
Land market value
$1,546,922
Improvement market value
$331,593
Total market value
$1,878,515
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
1995
Heating
NONE
Lot
2.73 ac (119,006 SF)
Zoning code
MU
APN
014-251-55
UPID
US62-0504080
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
1995
Heating
NONE
Lot
2.73 ac
Current owner
From public records · entity-resolved
Lakeside Plaza LLC
Entity
Mailing address
11345 SANTA MONICA BLVD, LOS ANGELES, CA 90025-3151
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$12,678,000
Lakeside Plaza LLC
Park Place Lakeside LP
Bargain And Sale Deed
$8,240,000 · Pacific Premier Bank
Dec 21, 2007
—
Record Owner
Owner,record
Quit Claim Deed
—
Dec 21, 2007
$340,500
Lakeside
1565 President Apartments
Grant Deed
$11,500,000 · Nationwide Life Insurance Co
Nov 23, 2004
$21,484,000
Lakeside Plaza I LLC
Lakeside-nev Ltd Ptshp II
Grant Deed
related
—
Mar 1, 1996
$200,000
Lakeside-nev LP II
Lakeside-nev LP
Grant Deed
related
$6,060,000 · United Of Omaha Life Insurance
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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