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Property profile & analytics
OFF-MARKET
Estimated value
$91,730,000
Hospitals
235 6th St Reno, NV 89503-4548
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0526125
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
434,002 SF
Lot
7.64 ac (332,798 SF)
Zoning code
MDNWQ
APN
007-522-01
UPID
US62-0526125
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
-
Saint Mary's Regional Medical Center Lab Medical Laboratory
-
St Mary's Regional Medical Center: Marks Dana R MD Physician
-
Kunwardeep Dhillon Physician
-
Saint Mary's Regional Medical Center Radiology Department Physician Medical Clinic
-
Dr. Ali A. Monibi, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$103.71M
Comparable Approach
Comparable
$117.05M
Blend (final)
Blend
$91.73M
Owner & transaction history
Prime Healthcare Services Reno LLC · 3 yrs held
Prime Healthcare Services Reno LLC
since 2022
Last sale
$80.0M
6 recorded transactions
Zoning & alternative use
MDNWQ · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$77,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$112,355,000
6.5%
$103,710,000
7%
$96,300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$151,480,000
Current use
AUTO REPAIR, GARAGE
$146,050,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$143,275,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$91.73M
Range $82.56M – $100.90M · ±10% · vs last sale $80.00M (Nov 18 2022)
Last sale anchor
$80.00M
Nov 18 2022
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
$211 / 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
$397,975
Tax year 2023
Assessed value
$16,185,533
Assessed 2023
Previous assessed
$13,915,198
+16.3% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,723,894
Assessed improvement
$14,461,639
Land market value
$4,925,410
Improvement market value
$41,318,968
Total market value
$46,244,378
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
HOT WATER
Cooling
AC.CHILLED WATER
Stories
6
Units
357
Total area
434,002 SF
Lot
7.64 ac (332,798 SF)
Zoning code
MDNWQ
APN
007-522-01
UPID
US62-0526125
Jurisdiction
WASHOE
Zoning & alternative use
MDNWQ · Reno, NV
Zoning MDNWQ · permitted uses
MDNWQ · 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
$151.5M
AUTO REPAIR, GARAGE
Est. value
$146.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$143.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
HOT WATER
Cooling
Yes
Stories
6
Units
357
Lot
7.64 ac
Current owner
From public records · entity-resolved
Prime Healthcare Services Reno LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3480 E GUASTI RD, ONTARIO, CA 91761-7684
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Prime Healthcare Services Reno LLC
—
Deed
related
$1,500,000 · Umb Bank NA
Mar 23, 2023
—
Prime Healthcare Services Reno LLC
—
Deed
related
$925,000,000 · Umb Bank NA
Nov 18, 2022
$80,000,000
Prime Healthcare Services Reno LLC
Mpt Of Reno LLC
Bargain And Sale Deed
—
Sep 20, 2012
$80,000,000
Mpt Of Reno LLC
Prime Healthcare Svcs-reno LLC
Grant Deed
—
Jul 2, 2012
$32,538,500
Prime Healthcare Svcs-reno LLC
Dignity Health
Grant Deed
—
Mar 25, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant 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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