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    Property profile & analytics
    OFF-MARKET Estimated value $79,295,000
    Parking lots & garages

    343 Elm St, Reno, NV 89503-4522

    115,284 SF 1.71 ac lot Built 1990
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US62-0516416
    Property summary
    AI-generated overview

    This exceptional four-story, 72,104-square-foot medical office building, constructed in 1991, is ideally situated at 343 Elm Street in Reno, Nevada. Located on the St. Mary's Regional Medical Center campus, it offers unparalleled convenience with a direct underground tunnel connection to the hospital and an attached, complimentary four-level parking garage. The building features multiple tenancies and is meticulously maintained by dedicated on-site personnel. Tenants benefit from the presence of the Surgery Center of Reno on the premises. Its strategic location off Interstate 80 provides easy access, while its proximity to Downtown Reno offers employees and patients a wealth of nearby amenities, including retail, dining, and shopping options. Public transportation, including the Reno Amtrak station (with routes to Sacramento), is within walking distance. The University of Nevada, Reno, is just 1.5 miles away, providing access to a diverse range of academic programs. The property's Assessed Property Number (APN) is 007-202-24, and it's located in Washoe County, Nevada, with a zip code of 89503. The building includes elevators for convenient access to all four floors. This is a rare opportunity to secure a premier medical office space in a highly desirable location.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1990
    Construction FRAME
    Total area 115,284 SF
    Lot 1.71 ac (74,488 SF)
    Zoning code MDNWQ
    APN 007-202-23
    UPID US62-0516416
    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 Medical Group - Downtown Reno Medical Clinic
    • Saint Mary's Center for Pulmonary Services Medical Group
    • Saint Mary's Pulmonology & Sleep Center Medical Clinic
    • Saint Mary's Pulmonary Clinic: Andrea Butters, APRN Medical Group Registered General Nurse
    • Reno Integrative Medical Center Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $79.30M
    Owner & transaction history
    Prime Healthcare Services Reno LLC · 3 yrs held
    Prime Healthcare Services Reno LLC
    since 2022
    Last sale
    $80.0M
    7 recorded transactions
    2022
    $80.0M
    2012
    $80.0M
    2012
    $32.5M
    2004
    $13,000
    2004
    $25,000
    1969
    1969
    Zoning & alternative use
    MDNWQ · Reno, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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