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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
Price N/A
1969
Price N/A
Zoning & alternative use
MDNWQ · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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