Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1495 Ml St Reno, NV 89502-1479
    Back to Search
    Property profile & analytics

    1495 Ml St, Reno, NV 89502-1479

    View on Map
    • Assisted living facilities
    • 57,552 SF
    • 6.09 lot acres
    Off-Market
    Property ID
    US62-0464899
    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
    $2,355,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Thornton Gavin Williams, MD / Medical Clinic
    • Christopher Lanski / Physician
    • Elie Elovic / Physician
    • Dr. Casey Keating / Physician
    • Andrew C. Brown, APN / Physician

    Property Details for 1495 Ml St

    Year built
    1993
    Construction
    WOOD
    Lot size
    6.09 lot acres
    Zone code
    MU
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    012-172-15
    APU
    1217215

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 11, 2007 — Kaley Living Trust Kaley,c Reade & Paula E Quit Claim Deed · related —
    Aug 15, 2003 $12,000,000 Washoe Medical Center S Meadow Rehab Concepts Corp Grant Deed $9.6M · Bank Of America NA Trustee
    — — Rehab Concepts Corp — Deed Of Trust · related $35k · Hcs Ltd

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $3,075,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.792
    Latitude
    39.5242
    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
    $615
    $1,206,824
    $2,667,018
    $3,873,842
    -
    $3,448,068
    $7,620,050
    $11,068,118

    Comparable in this City

    • Value Estimation by Request
      8,060 SF

      323 Maine St

      HOMES (RETIRED, NURSING)
      323 Maine St, Reno, NV 89502-1462
      View Details
    • Value Estimation by Request
      5,816 SF

      395 Gould St

      HOMES (RETIRED, NURSING)
      395 Gould St, Reno, NV 89502-1434
      View Details
    • Value Estimation
      $1,200,000
      2,640 SF

      2725 Yori Ave

      HOMES (RETIRED, NURSING)
      2725 Yori Ave, Reno, NV 89502-4325
      View Details
    • Value Estimation
      $745,000
      15,697 SF

      120 Wls Ave

      HOMES (RETIRED, NURSING)
      120 Wls Ave, Reno, NV 89502-1308
      View Details
    • Value Estimation
      $1,980,000
      43,907 SF

      1920 Harvard Way

      HOMES (RETIRED, NURSING)
      1920 Harvard Way, Reno, NV 89502-3682
      View Details
    • Value Estimation
      $1,795,000
      30,139 SF

      961 Kuenzli St

      HOMES (RETIRED, NURSING)
      961 Kuenzli St, Reno, NV 89502-1160
      View Details

    Similar Nearby for Sale

    • $4,299,000
      21,165 SF

      Reno Medical Office Building Investment

      21,165 SF Medical Office, High Occupancy
      850 Mill St, Reno, NV 89502
      View Details
    • Contact for pricing
      9,970 SF

      Industrial Property with Income Potential

      Industrial property featuring a fenced yard and cell tower leases.
      4616 Aircenter Cir, Reno, NV 89502
      View Details
    • $590,000
      0.74 Acres

      Prime Corner Lot Opportunity

      Corner lot ideal for multi-use development with high visibility.
      1695 Marvel Way, Reno, NV 89502
      View Details
    • Contact for pricing
      15,285 SF

      Medical Office Near Renown Campus

      Medical office building near Renown Medical Campus for sale.
      880 Ryland St, Reno, NV 89502
      View Details
    • Contact for pricing
      11,940 SF

      Two-Story Office Building For Sale

      Freestanding office building in Meadowood submarket with functional layouts.
      5200 Neil Rd, Reno, NV 89502
      View Details
    • Contact for pricing
      52,080 SF

      Fully Leased Industrial Investment Property

      Two-tenant industrial property with future rental upside in Reno.
      2615 Mill St, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr

      Office/Retail Complex with Open Spaces

      Office and retail spaces with flexible layouts and easy access.
      405-425 Gentry Way, Reno, NV 89502
      View Details
    • Contact for pricing
      220 SF

      Remodeled Office Space For Rent

      Historic brick building with parking in a great location.
      1479 S Wells Ave, Reno, NV 89502
      View Details
    • Contact for pricing

      McCarran Business Park For Lease

      Airport submarket location suitable for office, showroom, and warehouse uses.
      S Mccarran Blvd, Reno, NV 89502
      View Details
    • $2 SF/Yr

      Renovated Office Space on Plumb

      Newly renovated office space with excellent visibility and ample parking.
      602 East Plumb Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      1,576 SF

      Retail Space in Reno Center

      Retail space available in high-traffic, Costco-anchored shopping center.
      2000 Harvard Way, Reno, NV 89502
      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.
    1495 Ml St
    Reno, NV 89502-1479
    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
    1495 Ml St, Reno, NV, 89502
    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!