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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Medical Office Space
1001 Jones St Reno, NV 89503-5512
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0423040
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
2,600 SF
Lot
0.16 ac (7,000 SF)
Zoning code
PO
APN
011-081-07
UPID
US62-0423040
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
-
Aspen Pediatrics Pediatrician Medical Clinic
-
Colletti Krista L MD Pediatrician Medical Clinic
-
Dr. Rotem Elitsur-Fitzpatrick Pediatrician Medical Clinic
-
Fannie Fang Pediatrician Medical Clinic
-
Meredith Reynolds Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$995k
Owner & transaction history
Jones St LLC · 3 yrs held
Jones St LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+52.7%
Neighborhood: shopping center
$1.0M
+15.1%
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
$975,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$905,000
Current use
COMMERCIAL (GENERAL)
$1,385,000
Change: +53% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Oct 21 2022)
Last sale anchor
$1.00M
Oct 21 2022
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
$383 / 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
$4,138
Tax year 2023
Assessed value
$125,987
Assessed 2023
Previous assessed
$104,275
+20.8% YoY
Effective rate
3.28%
On assessed value
Assessed land
$49,000
Assessed improvement
$76,987
Land market value
$140,000
Improvement market value
$219,964
Total market value
$359,964
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
2,600 SF
Lot
0.16 ac (7,000 SF)
Zoning code
PO
APN
011-081-07
UPID
US62-0423040
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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
MEDICAL BUILDING Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$875,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Jones St LLC
Entity
Mailing address
PO BOX 51322, SPARKS, NV 89435-1322
Ownership since
2022
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
Oct 21, 2022
$1,000,000
Jones St LLC
Patrick J Colletti
Bargain And Sale Deed
$700,000 · Patrick Colletti
Oct 13, 2020
—
Patrick J Colletti
—
Deed
related
$485,000 · Plumas Bank
Nov 9, 2017
—
Patrick J Colletti
—
Deed
related
$300,000 · Bank Of The West
Aug 20, 2004
—
Patrick J Colletti
Colletti Family Trust
Quit Claim Deed
related
$250,000 · Sunwest Bank
—
—
Patrick J Colletti
—
Deed Of Trust
related
$300,000 · Bank Of The West
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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