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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
1150 Selmi Dr Ste 504 Reno, NV 89512-4795
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0942735
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
1,827 SF
Lot
0.04 ac (1,773 SF)
Zoning code
NC
APN
004-440-10
UPID
US62-0942735
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$389k
Blend (final)
Blend
$525k
Owner & transaction history
Confidence Health Resources LLC · 1 yrs held
Confidence Health Resources LLC
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
NC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$735,000
+42.2%
Medical building
$640,000
+23.5%
Auto repair, garage
$615,000
+19.1%
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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$470,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Aug 27 2024)
Last sale anchor
$525k
Aug 27 2024
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
$287 / 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
$1,162
Tax year 2023
Assessed value
$76,882
Assessed 2023
Previous assessed
$76,882
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$31,028
Assessed improvement
$45,854
Land market value
$88,650
Improvement market value
$131,012
Total market value
$219,662
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
NONE
Cooling
NONE
Stories
1
Total area
1,827 SF
Lot
0.04 ac (1,773 SF)
Zoning code
NC
APN
004-440-10
UPID
US62-0942735
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NV
Zoning NC · permitted uses
NC · 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
$515,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
MEDICAL BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$470,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Confidence Health Resources LLC
Entity
Mailing address
5875 W INGLESTON DR STE #319, SPARKS, NV 89436-5014
Ownership since
2024
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
Aug 27, 2024
$525,000
Confidence Health Resources LLC
Big Bird Transportation INC
Bargain And Sale Deed
$325,000 · Big Bird Transportation INC
Aug 10, 2022
$325,000
Big Bird Transportation INC
Mark L Hauenstein
Bargain And Sale Deed
—
Aug 3, 2017
—
Hauenstein,m & M 2017 Trust
Hauenstein,mark
Quit Claim Deed
related
—
Apr 25, 2013
$75,000
Mark Hauenstein
Orchard Terrace Estates LLC
Grant Deed
—
Apr 25, 2013
—
Mark Hauenstein
Hauenstein,mojra
Quit Claim Deed
related
—
Apr 2, 2013
$11,782
University Hlls Prof Center
Treasurer Of Washoe County
Grant Deed
—
Mar 18, 2013
$875,000
Orchard Terrace Estates LLC
University Hills Professional
Grant Deed
—
Jun 18, 2012
—
Tammi Davis
Treasurer Of Clark County
Tax Deed
related
—
Apr 9, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Mark L Hauenstein
—
Deed Of Trust
related
$247,500 · Nevada State Bank
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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