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Property profile & analytics
FOR LEASE
Office buildings
100 W Liberty St Reno, NV 89501
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US62-0394220
For Lease
1 / 16
$44,160,000
100 W Liberty St, Reno, NV 89501
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Property summary
AI-generated overview
Museum Tower, located at 100 W Liberty St, Reno, NV 89501, offers 29,137 square feet of available Class A office space in a 12-story building. This prestigious downtown Reno location boasts a total of 165,000 square feet, with suites ranging from 1,378 to 4,569 contiguous square feet. Built in 1987 and renovated in 2020, the building features secure, covered parking accessible via the main elevator bank. Tenants enjoy complimentary access to a first-floor gym and a recently remodeled shower and locker room. The property is conveniently situated next to the Nevada Museum of Art and within walking distance of numerous restaurants and amenities. The building is professionally managed with a partial on-site manager. The zoning is CB, and the APN is 011-182-29. Multiple tenancy options are available. This exceptional property presents a unique opportunity for businesses seeking a prime location in Reno's vibrant downtown core. The building is comprised of one building and offers elevator access.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
159,803 SF
Lot
0.6 ac (26,249 SF)
Zoning code
MDRD
APN
011-182-29
UPID
US62-0394220
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
-
BuyEBCBrakes Auto Repair Shop
-
Hawk Brakes Direct Auto Repair Shop
-
TSR Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Sports & Performance Physical Therapy Medical Clinic
-
BODY WORK RENO Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.36M
Comparable Approach
Comparable
$54.42M
Blend (final)
Blend
$44.16M
Owner & transaction history
Owner Name Unavailable · 18 yrs held
Owner Name Unavailable
since 2007
6 recorded transactions
Zoning & alternative use
MDRD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$66.8M
+55.6%
Neighborhood: shopping center
$64.2M
+49.7%
Medical building
$55.8M
+30.0%
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%
$50,220,000
6.5%
$46,355,000
7%
$43,045,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,895,000
Current use
RESTAURANT
$66,755,000
Change: +56% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$64,200,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$55,775,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$53,775,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$52,755,000
Change: +23% · Conversion: Easy
RETAIL STORES
$41,080,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$44.16M
Range $39.74M – $48.58M · ±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
$276 / 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
$364,305
Tax year 2023
Assessed value
$9,660,516
Assessed 2023
Previous assessed
$7,983,850
+21.0% YoY
Effective rate
3.77%
On assessed value
Assessed land
$213,831
Assessed improvement
$9,446,685
Land market value
$610,945
Improvement market value
$26,990,529
Total market value
$27,601,474
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
11
Total area
159,803 SF
Lot
0.6 ac (26,249 SF)
Zoning code
MDRD
APN
011-182-29
UPID
US62-0394220
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NV
Zoning MDRD · permitted uses
MDRD · 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
OFFICE BUILDING Current
Est. value
$42.9M
RESTAURANT
Est. value
$66.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$64.2M
MEDICAL BUILDING
Est. value
$55.8M
AUTO REPAIR, GARAGE
Est. value
$53.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$52.8M
RETAIL STORES
Est. value
$41.1M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
11
Lot
0.6 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
525 UNIVERSITY AVE STE #1400, PALO ALTO, CA 94301-1910
Ownership since
2007
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
Dec 19, 2023
—
Chawin Property INC
—
Deed
related
$13,750,000 · East West Bank
Sep 1, 2021
—
Chawin Property INC
—
Deed
related
$17,145,000 · East West Bank
Sep 13, 2007
—
Owner Name Unavailable
Nbs-museum Place Opco LLC
Grant Deed
—
Sep 1, 2004
$32,800,000
Nbs-museum Place Opco LLC
100 West Liberty
Grant Deed
$17,500,000 · Key Bank NA
Jul 8, 2004
—
Somersett Dev Co Ltd
—
Trustees Deed
related
$8,325,000 · Nevada State Bank
—
—
Chawin Property INC
—
Deed Of Trust
related
$15,100,000 · Bank Of America
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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