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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Office buildings
151 Country Ests Cir Reno, NV 89511-4043
Individually Owned
Free & Clear
Property ID
US62-1276584
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
6,716 SF
Lot
0.16 ac (6,752 SF)
Zoning code
PO
APN
043-331-06
UPID
US62-1276584
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
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.18M
Owner & transaction history
Arthur D Hale JR
Arthur D Hale JR
since 2025
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+76.4%
Restaurant
$2.8M
+35.4%
Neighborhood: shopping center
$2.7M
+33.0%
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%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,030,000
Current use
COMMERCIAL (GENERAL)
$3,580,000
Change: +76% · Conversion: Easy
RESTAURANT
$2,750,000
Change: +35% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,700,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$2,465,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,260,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,725,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.45M (May 19 2025)
Last sale anchor
$2.45M
May 19 2025
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
$324 / 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
$14,765
Tax year 2023
Assessed value
$451,672
Assessed 2023
Previous assessed
$373,026
+21.1% YoY
Effective rate
3.27%
On assessed value
Assessed land
$155,140
Assessed improvement
$296,532
Land market value
$443,256
Improvement market value
$847,234
Total market value
$1,290,490
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
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,716 SF
Lot
0.16 ac (6,752 SF)
Zoning code
PO
APN
043-331-06
UPID
US62-1276584
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Arthur D Hale JR
Individual
Free & Clear · 0 yrs held
Mailing address
3015 WEDEKIND RD, SPARKS, NV 89431-1017
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
$2,450,000
Arthur D Hale JR
Country Estates 151 LLC
Bargain & Sale Deed
—
Jun 17, 2014
—
Country Estates 151 LLC
Lund,linda
Grant Deed
related
—
Jun 13, 2014
$1,500,000
Linda Lund
Kc & Sunshine Investments LLC
Grant Deed
—
Mar 9, 2006
—
Kc & Sunshine Investments LLC
Kc & Sunshine Investments LLC
Quit Claim Deed
$629,000 · Nevada State Development Corp
Dec 21, 2005
$1,200,000
Kc & Sunshine Investments LLC
Quail Country Estates LLC
Grant Deed
$762,500 · Bankwest Of Nevada
Oct 4, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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