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    Property profile & analytics

    3980 Lk Placid Dr Reno, NV 89511-6702

    • Assisted living facilities
    • 26,650 SF
    • 2.96 lot acres
    OFF-MARKET
    Value Estimation
    $12,390,000
    Last Sale
    Jun 09, 2022
    $12,550,000
    Location Intelligence
    Property ID
    US62-0721368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • NeuroRestorative / Rehabilitation Center

    Property Details for 3980 Lk Placid Dr

    Year built
    2018
    Construction
    WOOD
    Lot size
    2.96 lot acres
    Property size
    26,650 SF
    Zone code
    GC
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    150-012-08
    APU
    15001208

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,900,000
      6.5%
      $11,830,000
      7%
      $13,280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,885,000
      Geo Method
      $13,525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $14,100,000
      Retail
      $14,610,000
      Mixed-Use
      $11,160,000
      Hospitality
      $12,790,000
      Educational
      $14,440,000
      Residential Income
      $13,685,000
      Energy
      $12,900,000
      Income-Based Land
      $10,820,000
      Food Service
      $14,275,000

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.79
    Latitude
    39.393
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $82,131
    $541,535
    $1,992,013
    $2,533,548
    -
    $1,547,244
    $5,691,467
    $7,238,711

    Comparable in this City

    • Value Estimation by Request
      80,970 SF

      6940 Sierra Ctr Pkwy

      HOMES (RETIRED, NURSING) • 80,970 SF
      6940 Sierra Ctr Pkwy, Reno, NV 89511-2209
      View Details
    • Value Estimation by Request
      107,028 SF

      5255 Kietzke Ln

      HOMES (RETIRED, NURSING) • 107,028 SF
      5255 Kietzke Ln, Reno, NV 89511-2037
      View Details
    • Value Estimation by Request
      63,046 SF

      555 Hammill Ln

      HOMES (RETIRED, NURSING) • 63,046 SF
      555 Hammill Ln, Reno, NV 89511-1004
      View Details
    • Value Estimation by Request
      46,515 SF

      455 Holcomb Rnch Ln

      HOMES (RETIRED, NURSING) • 46,515 SF
      455 Holcomb Rnch Ln, Reno, NV 89511-5435
      View Details
    • Value Estimation by Request
      50,255 SF

      222 Patriot Blvd

      HOMES (RETIRED, NURSING) • 50,255 SF
      222 Patriot Blvd, Reno, NV 89511-1450
      View Details
    • Value Estimation by Request
      4,200 SF

      Longley Ln

      Medical offices • 4,200 SF
      0 Longley Ln, Reno, NV 89511
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      Reno Medical Office Space for Lease

      Class A Medical Office, Build-to-Suit Options
      0 Longley Ln, Reno, NV 89511
      View Details
    • $6,115,824

      Reno Land: Build-to-Suit Opportunity

      2.34 Acres, Prime Reno Location
      5301 Kietzke Ln, Reno, NV 89511
      View Details
    • $749,000
      1.18 Acres

      Reno Land with Mountain Views

      1.18 acre lot in Arrowcreek gated community.
      5728 Indigo Run Dr, Reno, NV 89511
      View Details
    • $375,000
      1.00 Acre

      Reno Acre Homesite in Village

      One-acre homesite in gated community with mountain views.
      205 Paddington Ct, Reno, NV 89511
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    • $1,399,000
      2.50 Acres

      Reno Land with Water Rights

      2.5-acre homesite with water rights in South Suburban Reno.
      2800 Holcomb Ranch Ln, Reno, NV 89511
      View Details
    • New
      $350,000
      1.04 Acres

      Land in Gated Reno Community

      Land for sale in a private, gated Reno community.
      293 E Jeffrey Pine Rd, Reno, NV 89511
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      4,800 SF

      Reno Medical Office Space for Lease

      4,800 sq ft Medical Office in Reno, NV
      5270 Longley Ln, Reno, NV 89511
      View Details
    • $42 SF/Yr
      15,000 SF

      Reno Corporate Office Suites

      Class B office space, South Reno.
      5476 Reno Corporate Dr, Reno, NV 89511
      View Details
    • Contact for pricing
      3,254 SF

      Meadowood Square Retail Space

      High-traffic Reno storefront, 3,254 sq ft.
      6407 Virginia St, Reno, NV 89511
      View Details
    • $48 SF/Yr
      56,589 SF

      Mountain View Corporate Center Office Space

      Class A Reno office, 2,890 SF available.
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • $34 SF/Yr
      1,769 SF

      Retail Space Available For Lease

      Retail space available for lease in Reno, Nevada.
      55 Foothill Rd, Reno, NV 89511
      View Details
    • Contact for pricing
      113,387 SF

      Reno Warehouse Space Available

      113387 sqft warehouse space for lease in Reno.
      3000 Airway Dr, Reno, NV 89511
      View Details
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    Reno, NV 89511-6702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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