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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
10643 Professional Cir Reno, NV 89521-5851
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0503276
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2006
Construction
WOOD
Total area
2,106 SF
Lot
0.06 ac (2,513 SF)
Zoning code
PD
APN
160-900-46
UPID
US62-0503276
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
-
Access Dental Care Dental Office
-
SSD, Inc. Engineering Consultant
-
Dr. Terry Song Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Songs Family Properties LLC · 4 yrs held
Songs Family Properties LLC
since 2021
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$845,000
+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
$625,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$465,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Dec 30 2021)
Last sale anchor
$580k
Dec 30 2021
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
$275 / 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
$6,303
Tax year 2023
Assessed value
$184,700
Assessed 2023
Previous assessed
$156,071
+18.3% YoY
Effective rate
3.41%
On assessed value
Assessed land
$45,700
Assessed improvement
$139,000
Land market value
$130,572
Improvement market value
$397,143
Total market value
$527,715
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
DENTAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,106 SF
Lot
0.06 ac (2,513 SF)
Zoning code
PD
APN
160-900-46
UPID
US62-0503276
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
MEDICAL BUILDING Current
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$710,000
MEDICAL BUILDING Current
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Songs Family Properties LLC
Entity
Mailing address
10643 PROFESSIONAL CIR STE #102, RENO, NV 89521-5838
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$580,000
Songs Family Properties LLC
Valerie Nelson
Bargain And Sale Deed
$464,000 · Us Bank NA
Jun 18, 2021
—
Declaration Of Valerie Nelson Trust
Valerie M Nelson
Intrafamily Transfer
related
—
Sep 11, 2015
—
Epperson Family Trust
Epperson,david R
Affidavit Of Death
related
—
Jan 13, 2014
—
Epperson Family Trust B
Epperson Family Trust
Quit Claim Deed
related
—
Apr 17, 2012
$360,000
Epperson Family Trust
Rttc Town Center LLC
Grant Deed
—
Oct 27, 2011
—
Rttc Town Center LLC
South Meadows Coml Prop LLC
Grant Deed
—
Oct 26, 2011
—
Owner Name Unavailable
South Meadows Comm Prop
Grant Deed
related
—
Feb 14, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 30, 2009
—
South Meadows Coml Prop LLC
—
Deed Of Trust
related
$3,400,000 · Intervest Mortgage Co LLC
—
—
Pipeliners Ltd
—
Deed Of Trust
related
$166,000 · Nevada State Development Corp
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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