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Property profile & analytics
FOR LEASE
Medical Office Space
343 Elm St Reno, NV 89503
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0407237
For Lease
1 / 5
Contact for pricing
343 Elm St, Reno, NV 89503
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
STEEL FRAME
Total area
73,015 SF
Lot
0.77 ac (33,489 SF)
Zoning code
MDNWQ
APN
007-202-24
UPID
US62-0407237
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
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Saint Mary's Center for Pulmonary Services Medical Group
-
Saint Mary's Pulmonology & Sleep Center Medical Clinic
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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
by Request
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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$128,502
Tax year 2023
Assessed value
$4,399,212
Assessed 2023
Previous assessed
$3,616,663
+21.6% YoY
Effective rate
2.92%
On assessed value
Assessed land
$205,999
Assessed improvement
$4,193,213
Land market value
$588,569
Improvement market value
$11,980,608
Total market value
$12,569,177
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
1
Total area
73,015 SF
Lot
0.77 ac (33,489 SF)
Zoning code
MDNWQ
APN
007-202-24
UPID
US62-0407237
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.
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
1
Lot
0.77 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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
343 Elm St LLC
—
Deed
related
$278,300,000 · Morgan Stanley Bank NA
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
—
Mar 11, 2021
—
343 Elm St LLC
Well Tower Om Group LLC
Quit Claim Deed
related
$326,524,732 · Morgan Stanley Private Bank NA
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
—
Jan 6, 2004
$13,000
St Marys Med Windrose
Hedgerows Capital Fund Nv LP
Grant Deed
—
Jan 6, 2004
$25,000
Saint Marys Health Care Corp
Cainbro Partners LP
Grant Deed
—
Dec 31, 1991
$9,000,000
Cainbro Partners Ltd Partnership
Unknown
Grant Deed
—
—
—
Cainbro Partners LP
—
Deed Of Trust
related
—
—
—
Prime Healthcare Services-reno
—
Deed Of Trust
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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