Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    137 Mt Rose St Reno, NV 89509-3419
    Back to Search
    Property profile & analytics

    137 Mt Rose St, Reno, NV 89509-3419

    View on Map
    • Investment properties
    • 1,222 SF
    • 0.16 lot acres
    Off-Market
    Last Sale May 15, 2025
    Property ID
    US62-0216608
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Law Office of William R. Kendall / Law Firm
    • Paul A. Kapitz Attorney At Law / Law Firm
    • Bolnick David / Law Firm
    • REA Law / Law Firm

    Property Details for 137 Mt Rose St

    Year built
    1928
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Zone code
    MUMC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    014-131-15
    APU
    1413115

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.808
    Latitude
    39.5099
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,507
    $66,008
    $36,678
    $102,686
    -
    $188,595
    $104,794
    $293,389

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      Redfield Pkwy

      STORE/OFFICE (MIXED USE)
      Redfield Pkwy, Reno, NV 89509
      View Details
    • Value Estimation by Request
      0.16 Acres

      Brinkby Ave

      STORE/OFFICE (MIXED USE)
      Brinkby Ave, Reno, NV 89509
      View Details
    • Value Estimation by Request
      550 SF

      3 Crk Pl

      STORE/OFFICE (MIXED USE)
      3 Crk Pl, Reno, NV 89509
      View Details
    • Value Estimation by Request
      0.34 Acres

      Lakeside Dr

      STORE/OFFICE (MIXED USE)
      Lakeside Dr, Reno, NV 89509
      View Details
    • Value Estimation by Request
      0.21 Acres

      Brinkby Ave

      STORE/OFFICE (MIXED USE)
      Brinkby Ave, Reno, NV 89509
      View Details
    • Value Estimation by Request
      0.16 Acres

      595 Humboldt St Ste, Unit 200

      STORE/OFFICE (MIXED USE)
      595 Humboldt St Ste, Reno, NV 89509-1674
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,557 SF

      Updated Mixed-Use Property For Sale

      Highly visible, remodeled mixed-use property with flexible floor plan.
      123 Mount Rose St, Reno, NV 89509
      View Details
    • Contact for pricing
      4,402 SF

      Reno Midtown Mixed-Use Opportunity

      Mixed-use property in Reno's Midtown, ideal for various businesses.
      Unknown, Reno, NV 89509
      View Details
    • $450,000
      0.50 Acres

      Land in Southwest Reno

      Three lots for sale in historic southwest Reno.
      California Ave, Reno, NV 89509
      View Details
    • $1,150,000
      2,785 SF

      Versatile Midtown Reno Mixed-Use Building

      Mixed-use building in Midtown Reno with commercial and residential zoning.
      235 W Pueblo St, Reno, NV 89509
      View Details
    • $288,000
      0.32 Acres

      Reno Land Near Truckee River

      Three lots in historic Reno, near Truckee River, zoned multi-family.
      SW California Ave, Reno, NV 89509
      View Details
    • $261,000
      0.30 Acres

      Land For Sale in Reno

      Three parcels available in historic southwest Reno, suitable for multifamily.
      California Ave, Reno, NV 89509
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr

      Downtown Reno Office Space Available

      Renovated office space in downtown Reno with dedicated parking.
      410 California Ave, Reno, NV 89509
      View Details
    • Contact for pricing
      1,800 SF

      Reno Office Space For Rent

      Office space available for lease in Reno, Nevada.
      35 Regency Way, Reno, NV 89509
      View Details
    • Contact for pricing
      7,779 SF

      Remodeled Office Space with Balconies

      Remodeled office space featuring balconies, natural light, and modern upgrades.
      6900 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing

      Retail or Office Suite

      226 SF retail or office suite in Midtown.
      105 Mount Rose St, Reno, NV 89509
      View Details
    • Contact for pricing
      1,493 SF

      Reno Office Space For Rent

      Office space for rent near Downtown Reno and Nevada Museum.
      226 California Ave, Reno, NV 89509
      View Details
    • Contact for pricing
      1,352 SF

      Garden Office Space For Rent

      Garden office complex near I-580 with mature landscaping.
      6490 S Mccarran Blvd, Reno, NV 89509
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    137 Mt Rose St
    Reno, NV 89509-3419
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    137 Mt Rose St, Reno, NV, 89509
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!