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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Office buildings
4741 Caughlin Pkwy Reno, NV 89519-1000
Entity Owned
19-yr Hold
Free & Clear
Property ID
US62-0427811
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
13,100 SF
Lot
0.94 ac (40,746 SF)
Zoning code
PD
APN
041-490-02
UPID
US62-0427811
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
-
Open Window Financial Solutions, Ltd. Financial Advisor
-
Desert Peak Therapies Physician
-
Dr. Joseph R. Hollen, MD Physician
-
Creative Planning Financial Advisor
-
Tahoe Financial Planning LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$2.29M
Owner & transaction history
Elmax LLC · 19 yrs held
Elmax LLC
since 2006
7 recorded transactions
Zoning & alternative use
PD · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,475,000
Current use
RETAIL STORES
$3,370,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±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
$175 / 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
$24,911
Tax year 2023
Assessed value
$720,552
Assessed 2023
Previous assessed
$629,540
+14.5% YoY
Effective rate
3.46%
On assessed value
Assessed land
$179,690
Assessed improvement
$540,862
Land market value
$513,400
Improvement market value
$1,545,321
Total market value
$2,058,721
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
13,100 SF
Lot
0.94 ac (40,746 SF)
Zoning code
PD
APN
041-490-02
UPID
US62-0427811
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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 Current
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING Current
RETAIL STORES
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Elmax LLC
Entity
Free & Clear · 19 yrs held
Mailing address
5345 KIETZKE LN STE #100, RENO, NV 89511-2088
Ownership since
2006
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
Aug 24, 2006
—
Elmax LLC
Stuppin J & J Fam Trust
Grant Deed
—
Jul 31, 2006
$3,200,000
Stuppin John & Jane Fam Trust
Cm Land & Cattle Co LLC
Grant Deed
—
Feb 28, 2001
—
Cr Properties LLC
—
Deed Of Trust
related
$1,550,000 · Northern Nevada Bank
Feb 4, 2000
—
C R Properties LLC
—
Grant Deed
related
$1,391,000 · Bank Of America
Dec 29, 1998
$262,000
Cr Properties LLC
Norwest Bank Nevada Fsb
Grant Deed
$131,000 · Norwest Bank Nevada
Jul 19, 1996
$303,000
Norwest Bank Nevada
Primerit Bank
Quit Claim Deed
related
—
Nov 17, 1995
$313,000
Primerit Bank
Caughlin Ranch
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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