Financial
Distress signals
Property profile

855 Mill St Reno, NV 89502

FOR SALE
Medical Office Space
Property ID
US62-1243246
7,304 SF 0.26 ac lot Built 1980
Last sale Jan 2021 · $1,060,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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855 Mill St, Reno, NV 89502 For Sale
Contact for pricing 7,304 SF
855 Mill St, Reno, NV 89502
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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?
$11k
Tax billed · 2023
Assessed value$342k
Assessed land$80k
Assessed improvement$262k
Effective rate3.35%

Value estimate

· Sep 2026
$1.44M
$1.30M – $1.58M
AI approach$1.26M
Submarket $/SF estimate$980k
NOI build-up
Gross scheduled income$211k
Vacancy & credit loss−$39k
Operating expenses−$43k
NOI · 4.70% cap applied$129k

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?
4.70%
$129k 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?
MU
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned...
General categoryMIXED_USE
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.9
Electrical Service11.6
Storage Facility11.3

Location

855 Mill St Reno, NV 89502
County assessor Recorded deeds · 9 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
525 Moana, Reno, NV 89502-4671 $1,638,178 Sep 2023 7,306 SF
475 Kirman, Reno, NV 89502-1907 $1,900,000 Aug 2022 8,310 SF
821 Ryland, Reno, NV 89502-1602 $675,000 Aug 2022 2,939 SF
1175 Harvard, Reno, NV 89502-2106 $1,635,000 Dec 2021 8,235 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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