Trust Owned 
For Sale
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350 N Park St, Reno, NV 89512
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Property summary
AI-generated overview
The property is located in downtown Reno and is situated on a 0.84-acre lot. It is zoned for multifamily and commercial uses, including MU-ID on 67% of the area and MU on 33%. The zoning supports mid- to high-rise multifamily residential development, and the site is described as suitable for an urban mixed-use and multifamily project. The proposed building concept includes a four- or five-story structure built over a podium garage, consistent with mixed-use development patterns in the Reno/Sparks metropolitan area. The location provides access to public transportation and is near parks, cultural venues, and the University of Nevada, Reno.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1950
Construction
METAL FRAME
Total area
900 SF
Lot
0.84 ac (36,454 SF)
Zoning code
MUID 67% / MU 33%
APN
008-246-09
UPID
US62-0319752
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
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
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
MUID 67% / MU 33% · Reno, NV
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
900 SF
Lot area
0.84 ac
Year built
1950
Stories
1
APN
008-246-09
Zoning
MUID 67% / MU 33%
Assessed value
$38,488
Annual tax
$1,317
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 81 sales
$533
N/A
County 121 sales
$452
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.33M
Move the market yield to see immediate price impact.
Value / SF
$1,480
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$84k
$1.68M
$1.20M
$932k
$93k
$1.86M
$1.33M
$1.04M
$103k
$2.05M
$1.47M
$1.14M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,317
Tax year 2023
Assessed value
$38,488
Assessed 2023
Previous assessed
$32,074
+20.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$34,449
Assessed improvement
$4,039
Land market value
$98,426
Improvement market value
$11,539
Total market value
$109,965
Applied tax rate
1,002.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1950
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
900 SF
Lot
0.84 ac (36,454 SF)
Zoning code
MUID 67% / MU 33%
APN
008-246-09
UPID
US62-0319752
Jurisdiction
WASHOE
Zoning & alternative use
MUID 67% / MU 33% · Reno, NVZoning MUID 67% / MU 33% · permitted uses
MUID 67% / MU 33% · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MUID 67% / MU 33%
Jurisdiction
Reno, NV
Recorded code
MUID 67% / MU 33%
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUID 67% / MU 33% in Reno, NV.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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