Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,795,000
Assisted living facilities
3101 Plumas St Reno, NV 89509-4515
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0090787
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
WOOD
Total area
62,225 SF
Lot
7.04 ac (306,793 SF)
Zoning code
PF
APN
019-140-14
UPID
US62-0090787
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
-
Alan King Physician
-
Alpine Skilled Nursing And Rehabilitation Center Nursing Home
-
Dr. Pamela Gordon Pediatrician Physician
-
KORI L SINGLETON Pediatrician Physician
-
Mark Canty Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
Plumas Street LLC · 4 yrs held
Plumas Street LLC
since 2022
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
PF · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PF district is intended to provide for public and quasi-public facilities and services. Primary uses include public institutions, cultural centers, religions institutions, government centers, libraries, hospitals, schools, and utility installations. Depending on the scale and impacts of the proposed use, additional mitigation may be appropriate when adja…
Zone name
Public Facilities
General category
CIVIC_INSTITUTIONAL
Zone area
2,209.53 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$13.2M
+296.1%
Restaurant
$12.4M
+273.9%
Office building
$10.1M
+202.7%
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
$9,540,000
ML approach
$9,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,165,000
Change: +296% · Conversion: Difficult
RESTAURANT
$12,425,000
Change: +274% · Conversion: Difficult
OFFICE BUILDING
$10,060,000
Change: +203% · Conversion: Difficult
RETAIL STORES
$8,830,000
Change: +166% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,525,000
Change: +126% · Conversion: Difficult
MEDICAL BUILDING
$6,905,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$9.80M
Range $8.82M – $10.77M · ±10% · vs last sale $9.80M (Feb 1 2022)
Last sale anchor
$9.80M
Feb 1 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
$157 / 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
$165,018
Tax year 2023
Assessed value
$4,896,415
Assessed 2023
Previous assessed
$4,161,468
+17.7% YoY
Effective rate
3.37%
On assessed value
Assessed land
$1,632,139
Assessed improvement
$3,264,276
Land market value
$4,663,254
Improvement market value
$9,326,502
Total market value
$13,989,756
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Units
103
Total area
62,225 SF
Lot
7.04 ac (306,793 SF)
Zoning code
PF
APN
019-140-14
UPID
US62-0090787
Jurisdiction
WASHOE
Zoning & alternative use
PF · Reno, NVZoning PF · permitted uses
PF · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PF district is intended to provide for public and quasi-public facilities and services. Primary uses include public institutions, cultural centers, religions institutions, government centers, libraries, hospitals, schools, and utility installations. Depending on the scale and impacts of the proposed use, additional mitigation may be appropriate when adjacent to residential districts.
Zone name
Public Facilities
General category
CIVIC_INSTITUTIONAL
Zone area
2,209.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.2M
RESTAURANT
Est. value
$12.4M
OFFICE BUILDING
Est. value
$10.1M
RETAIL STORES
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
103
Lot
7.04 ac
Current owner
From public records · entity-resolved
Plumas Street LLC
Entity
Mailing address
6737 W WASHINGTON ST STE #2300, MILWAUKEE, WI 53214-5650
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Plumas Street LLC
—
Deed
related
$73,000,000 · Bokf NA
Feb 1, 2022
$9,800,000
Plumas Street LLC
Plumas Realty LLC
Bargain And Sale Deed
$29,200,000 · Bokf NA
Sep 1, 2020
—
Brea Reno LLC
—
Deed
related
$9,200,000 · Capital One Bank NA
Dec 6, 2018
—
Brea Reno LLC
—
Deed
related
—
Aug 13, 2018
$6,811,000
Plumas Realty LLC
Well Pm Properties LLC
Bargain And Sale Deed
—
Feb 3, 2017
—
Hcp Properties LP
—
Grant Deed
related
—
Jan 8, 2015
—
Brea Reno LLC
—
Grant Deed
related
$500,000,000 · General Elec Cap
Jun 7, 2011
—
Brea Reno LLC
—
Deed Of Trust
related
$220,000,000 · General Electric Capital Corp
May 12, 2008
—
Hcr Manorcare Properties LLC
Manorcare Health Services INC
Bargain And Sale Deed
—
Dec 13, 2006
$3,744,000
Brea Reno LLC
Pita General Corp
Deed Of Trust
$167,000,000 · General Electric Capital Corp
Dec 13, 2006
—
Brea Reno LLC
Pita General Corp
Grant Deed
related
—
Aug 25, 1999
$644,500
Pita General Corp
Manorcare Health Services INC
Grant Deed
$201,000,000 · First National Bk Chicago Ttee
—
—
Brea Reno LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3101 Plumas St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
