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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Medical Office Space
3639 Warren Way Reno, NV 89509-5398
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US62-0325251
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
3,978 SF
Lot
0.25 ac (11,020 SF)
Zoning code
PO
APN
024-281-12
UPID
US62-0325251
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
-
Dr. Shaji O. Mathew, MD Pediatrician Medical Clinic
-
Darian Thorp, APRN-C Physician
-
The Beauty Collective by Injection Gal Spa & Massage Center Alternative Medicine Practice
-
Vidya Kailash Medical Clinic
-
Christina Raman Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$795k
Owner & transaction history
Owner Name Unavailable · 19 yrs held
Owner Name Unavailable
since 2007
7 recorded transactions
Zoning & alternative use
PO · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
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
$200 / 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
$7,704
Tax year 2023
Assessed value
$273,147
Assessed 2023
Previous assessed
$232,943
+17.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$53,998
Assessed improvement
$219,149
Land market value
$154,280
Improvement market value
$626,140
Total market value
$780,420
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,978 SF
Lot
0.25 ac (11,020 SF)
Zoning code
PO
APN
024-281-12
UPID
US62-0325251
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
OFFICE 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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
10400 THOMAS CRK RD, RENO, NV 89511-5450
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
—
Warren Way Properties LLC
—
Deed
related
$50,000 · Meadows Bank
Apr 20, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
$450,000 · First National Bank Of Nevada
Sep 20, 2006
—
Anderson James F 1997 Trust
Sage,scarlet
Quit Claim Deed
related
—
Feb 3, 2006
—
Pollock H R & D M 2006 Trust
Sage,scarlet
Quit Claim Deed
related
—
Jan 16, 2004
$315,000
Scarlet Sage LLC
Garol,james D
Grant Deed
—
—
—
Warren Way Properties LLC
—
Deed Of Trust
related
$50,000 · Meadows Bk
—
—
Warren Way Properties LLC
—
Deed Of Trust
related
$200,000 · Umpqua Bank
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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