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Property profile & analytics
OFF-MARKET
Office buildings
10623 Professional Cir Ste A Reno, NV 89521-5833
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0385299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
2,035 SF
Lot
0.06 ac (2,457 SF)
Zoning code
PD
APN
160-900-08
UPID
US62-0385299
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
-
Dr. Ritu Varma Dixon, MD Physician
-
Sierra Tahoe Wellness Center Alternative Medicine Practice
-
Dr. Sukumar Gargya Physician
-
Signature Internal Medicine, Dr Sukumar Gargya, M.D. Medical Clinic
-
Dr. Dixon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mihaylov Family Trust · 12 yrs held
Mihaylov Family Trust
since 2013
7 recorded transactions
Zoning & alternative use
PD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,347
Tax year 2023
Assessed value
$158,528
Assessed 2023
Previous assessed
$141,653
+11.9% YoY
Effective rate
3.37%
On assessed value
Assessed land
$44,160
Assessed improvement
$114,368
Land market value
$126,170
Improvement market value
$326,767
Total market value
$452,937
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
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,035 SF
Lot
0.06 ac (2,457 SF)
Zoning code
PD
APN
160-900-08
UPID
US62-0385299
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.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Mihaylov Family Trust
Trust
Mailing address
10154 VIA FIORI, RENO, NV 89511-4326
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2013
—
Mihaylov Family Trust
Mihaylov,martin
Quit Claim Deed
related
—
May 23, 2013
$337,000
Martin Mihaylov
Rttc Town Center LLC
Grant Deed
—
Oct 31, 2011
—
Rttc Town Center LLC
—
Deed Of Trust
related
$1,200,000 · Reno Corporate Center LLC
Oct 27, 2011
—
Rttc Town Center LLC
South Meadows Coml Prop LLC
Grant Deed
—
Jun 29, 2006
—
Owner Name Unavailable
South Meadows Comm Prop LLC
Grant Deed
related
—
—
—
South Meadows Coml Prop LLC
—
Deed Of Trust
related
$3,400,000 · Intervest Mortgage Co LLC
—
—
South Meadows Coml Prop LLC
—
Deed Of Trust
related
$15,500,000 · Intervest Mortgage Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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