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Property profile & analytics
OFF-MARKET
Estimated value
$4,690,000
Hospitals
1155 Ml St Reno, NV 89502-1576
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0412889
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,680 SF
Lot
28.47 ac (1,239,979 SF)
Zoning code
MU
APN
012-150-24
UPID
US62-0412889
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
-
Boutique The Shops At Renown (Bike/Boat/Book/etc) Store Party Supply Store
-
Renown Institute For Heart Medical Clinic
-
Renown Health Children's Hospital Medical Clinic Hospital
-
Renown Regional Medical Center: Mac Key Dennis A MD Physician
-
Regional Medical Center: Moore Kent MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.69M
Owner & transaction history
City Of Reno · 4 yrs held
City Of Reno
since 2022
5 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+17.2%
Neighborhood: shopping center
$7.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,835,000
6.5%
$4,465,000
7%
$4,145,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,520,000
Current use
RESTAURANT
$7,640,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,505,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,165,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,975,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±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
$251 / 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
$8,872
Tax year 2023
Assessed value
$110,919,898
Assessed 2023
Previous assessed
$92,698,213
+19.7% YoY
Effective rate
0.01%
On assessed value
Assessed land
$4,795,619
Assessed improvement
$106,124,279
Land market value
$13,701,768
Improvement market value
$303,212,226
Total market value
$316,913,994
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
15
Stories
3
Units
15
Total area
18,680 SF
Lot
28.47 ac (1,239,979 SF)
Zoning code
MU
APN
012-150-24
UPID
US62-0412889
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
$6.5M
RESTAURANT
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.0M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Buildings
15
Units
15
Lot
28.47 ac
Current owner
From public records · entity-resolved
City Of Reno
Entity
Free & Clear · 4 yrs held
Mailing address
1155 ML ST, RENO, NV 89502-1576
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
City Of Reno
Regional Trans Commission Of Washoe
Quit Claim Deed
related
—
Sep 29, 2006
—
Washoe Medical Center
Washoe Medical Center INC
Quit Claim Deed
related
—
Jun 14, 2006
—
Washoe Health System INC
Washoe Medical Center INC
Quit Claim Deed
related
—
Dec 22, 2004
—
Washoe Medical Center INC
Washoe Medical Center INC
Quit Claim Deed
related
—
—
—
Washoe Medical Center INC
—
Deed Of Trust
related
$235,078,524 · Master Trust
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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