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Property profile & analytics
OFF-MARKET
Estimated value
$21,490,000
Office buildings
10375 Professional Cir Reno, NV 89521-4802
Individually Owned
Free & Clear
Property ID
US62-1153980
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
79,248 SF
Lot
5.07 ac (221,023 SF)
Zoning code
PD
APN
160-070-25
UPID
US62-1153980
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
-
Employers Insurance Co of Nv Insurance Agency
-
Atkins Hotel & Motel
-
Werbeckes James Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.99M
Comparable Approach
Comparable
$19.44M
Blend (final)
Blend
$21.49M
Owner & transaction history
State Of Nevada
State Of Nevada
since 2025
5 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.4M
+49.7%
Neighborhood: shopping center
$31.8M
+47.0%
Medical building
$27.7M
+27.7%
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
$22,040,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,905,000
6.5%
$22,990,000
7%
$21,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,660,000
Current use
RESTAURANT
$32,420,000
Change: +50% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$31,835,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$27,660,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$26,670,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,160,000
Change: +21% · Conversion: Easy
RETAIL STORES
$20,375,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$21.49M
Range $19.34M – $23.64M · ±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
$271 / 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
$160,614
Tax year 2023
Assessed value
$4,676,102
Assessed 2023
Previous assessed
$4,062,847
+15.1% YoY
Effective rate
3.43%
On assessed value
Assessed land
$850,939
Assessed improvement
$3,825,163
Land market value
$2,431,253
Improvement market value
$10,929,036
Total market value
$13,360,289
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
79,248 SF
Lot
5.07 ac (221,023 SF)
Zoning code
PD
APN
160-070-25
UPID
US62-1153980
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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
$21.7M
RESTAURANT
Est. value
$32.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.8M
MEDICAL BUILDING
Est. value
$27.7M
AUTO REPAIR, GARAGE
Est. value
$26.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
RETAIL STORES
Est. value
$20.4M
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
5.07 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 0 yrs held
Mailing address
1370 MCKENZIE AVE, LOS ALTOS, CA 94024-5628
Ownership since
2025
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
Jul 31, 2025
—
State Of Nevada
Stucker Legacy LLC
Bargain & Sale Deed
—
Feb 24, 2020
—
Stucker Legacy LLC
Daniel T Stucker
Quit Claim Deed
—
Jan 12, 2018
$25,300,000
Pinecone Holdings LLC
Aic Reno Investors LLC
Grant Deed
—
Aug 14, 2008
$20,375,000
Aic Reno Investors LLC
South Meadows Coml Props LLC
Grant Deed
—
Apr 29, 2008
—
Owner Name Unavailable
South Meadows Comm Prop LLC
Grant Deed
related
—
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.
Try Rey
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