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Property profile & analytics
FOR LEASE
Medical Office Space
105 Mount Rose St Reno, NV 89509
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0418810
For Lease
1 / 16
$805,000
105 Mount Rose St, Reno, NV 89509
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Construction
WOOD
Total area
3,666 SF
Lot
0.16 ac (7,013 SF)
Zoning code
MUMC
APN
014-131-14
UPID
US62-0418810
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
-
Styles By Alonzo Hair Salon
-
Gelous Nail Studio Nail Salon
-
Great Skin by Cyn Medical Clinic Skin Care Clinic
-
Mystic Massage Alternative Medicine Practice Spa & Massage Center
-
Geo Skin & Wellness Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$805k
Owner & transaction history
105 Mount Rose St LLC · 4 yrs held
105 Mount Rose St LLC
since 2022
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
MUMC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$780,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,280,000
Current use
AUTO REPAIR, GARAGE
$1,235,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$1,040,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $800k (May 31 2022)
Last sale anchor
$800k
May 31 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
$220 / 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
$3,180
Tax year 2023
Assessed value
$103,430
Assessed 2023
Previous assessed
$89,497
+15.6% YoY
Effective rate
3.07%
On assessed value
Assessed land
$48,783
Assessed improvement
$54,647
Land market value
$139,380
Improvement market value
$156,135
Total market value
$295,515
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1955
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,666 SF
Lot
0.16 ac (7,013 SF)
Zoning code
MUMC
APN
014-131-14
UPID
US62-0418810
Jurisdiction
WASHOE
Zoning & alternative use
MUMC · Reno, NV
Zoning MUMC · permitted uses
MUMC · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1955
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
105 Mount Rose St LLC
Entity
Mailing address
964 E GOLDEN VLY RD, RENO, NV 89506-7622
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
105 Mount Rose St LLC
—
Deed
related
$650,000 · Meadows Bank
May 31, 2022
$800,000
105 Mount Rose St LLC
Glade L Hall
Bargain And Sale Deed
$600,000 · Glade Hall
Jul 18, 2006
—
Glade L Hall
Hall,glade L & Margaret A
Quit Claim Deed
related
—
Apr 30, 1997
—
Glade L Hall
Melarkey Trust
Quit Claim Deed
related
$41,000 · Heritage Bank Nevada
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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