Financial
Distress signals
Property profile

475 Kirman Ave Reno, NV 89502

FOR LEASE
Medical Office Space
Property ID
US62-0365026
8,310 SF 0.43 ac lot Built 1983
Last sale Aug 2022 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

475 Kirman Ave, Suite A is a freestanding commercial building configured for medical or professional office use. The building contains 8,310 square feet and is situated near the Renown Health campus, with convenient access to Wells Ave and the I-80 and I-580 on/off ramps. The property is also positioned near Downtown Reno.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$489k
Assessed land$107k
Assessed improvement$383k
Effective rate3.41%

Value estimate

· Sep 2026
$2.17M
$1.95M – $2.38M
AI approach$2.00M
CAP approach$1.99M
Submarket $/SF estimate$1.40M
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$9k
Operating expenses−$10k
NOI · 140,661.90% cap applied$30k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$349/SF
Submarket average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$270 – $464

Cap rate analysis

How does the asset earn?
140,661.90%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MF14
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.4
Laundry Service8.5
Laundromat8.3

Location

475 Kirman Ave Reno, NV 89502
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
850 Ml, Reno, NV 89502-1413 $4,200,000 Dec 2025 21,165 SF
525 Moana, Reno, NV 89502-4671 $1,638,178 Sep 2023 7,306 SF
1175 Harvard, Reno, NV 89502-2106 $1,635,000 Dec 2021 8,235 SF
855 Ml, Reno, NV 89502-1696 $1,060,000 Jan 2021 7,304 SF
5605 Riggins, Reno, NV 89502-6501 $2,800,000 Jan 2021 14,040 SF
1413 Virginia, Reno, NV 89502-2805 $975,000 Nov 2020 4,290 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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