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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Office buildings
4747 Caughlin Pkwy Reno, NV 89519-0906
Entity Owned
Free & Clear
Property ID
US62-0072736
Property summary
AI-generated overview
This exceptional 3,840 square foot Class B office building, situated on a 0.43-acre lot in Reno, Nevada, presents a unique leasing opportunity. Built in 2000, this two-story structure boasts a desirable Executive Office layout, suitable for multiple tenants. Currently, 126 square feet are vacant within the larger space. The property features a well-designed interior including a reception area, two spacious open bullpens, multiple convenient entrances, and a fully equipped kitchen. The exterior is enhanced by mature landscaping, adding to the professional appeal. The building is zoned PUD (Planned Unit Development) and is located at 4747 Caughlin Pkwy, Reno, NV 89519 (APN: 041-490-17). This Washoe County property offers a blend of functionality and aesthetic appeal, making it an excellent choice for businesses seeking a prestigious and efficient workspace. The property's convenient location and well-maintained condition make it a highly attractive option for discerning tenants. The existing infrastructure is ready for immediate occupancy, minimizing any potential downtime. This is a rare opportunity to secure a well-established office space in a thriving Reno neighborhood.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
3,840 SF
Lot
0.43 ac (18,716 SF)
Zoning code
PD
APN
041-490-17
UPID
US62-0072736
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
-
The Psychology of Mission Counselor
-
Malikowski Law Offices, Ltd. Law Firm
-
Barengo Robert Law Firm
-
Crombacher Brewery USA Production Facility Brewery & Distillery
-
Andrea Clark Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.19M
Owner & transaction history
Djs Properties LLC
Djs Properties LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+51.5%
Medical building
$1.3M
+31.7%
Auto repair, garage
$1.3M
+26.9%
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%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,545,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$1,340,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,290,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$985,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.28M (May 1 2025)
Last sale anchor
$1.28M
May 1 2025
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
$310 / 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
$8,775
Tax year 2023
Assessed value
$252,471
Assessed 2023
Previous assessed
$221,802
+13.8% YoY
Effective rate
3.48%
On assessed value
Assessed land
$91,708
Assessed improvement
$160,763
Land market value
$262,024
Improvement market value
$459,323
Total market value
$721,347
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
3,840 SF
Lot
0.43 ac (18,716 SF)
Zoning code
PD
APN
041-490-17
UPID
US62-0072736
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
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$985,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
0.43 ac
Current owner
From public records · entity-resolved
Djs Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3845 CAUGHLIN PKWY, RENO, NV 89519-0605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
Djs Properties LLC
James Sande
Grant Deed
—
May 1, 2025
—
James Sande
Diana Sande
Deed
related
—
May 1, 2025
$1,275,000
James Sande
Robert R Barengo
Bargain & Sale Deed
$850,000 · Velocity Commercial Capital LLC
Feb 10, 2025
—
Robert R Barengo
Caughlin Ranch Professional Buildin
Quitclaim Deed
related
—
Mar 30, 2007
$1,116,000
Ranch L Caughlin
Reno Of Tahoe Ventures INC
Grant Deed
—
Sep 5, 2000
—
Reno/tahoe Venture INC
Garza Trust
Trustees Deed
related
—
May 2, 2000
$185,000
Thomas J Garza
Cauglin Ranch
Grant Deed
—
Feb 11, 2000
$185,000
Thomas J Garza
Caughlin Ranch
Grant Deed
—
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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