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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Medical Office Space
500 Damonte Rnch Pkwy Ste 958 Reno, NV 89521-5911
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0498423
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD
Total area
4,964 SF
Lot
0.11 ac (4,964 SF)
Zoning code
MS
APN
140-173-13
UPID
US62-0498423
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Violettree Property Management LLC · 4 yrs held
Violettree Property Management LLC
since 2021
7 recorded transactions
Zoning & alternative use
MS · 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%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,735,000
Current use
AUTO REPAIR, GARAGE
$1,670,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$216 / 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
$19,273
Tax year 2023
Assessed value
$586,297
Assessed 2023
Previous assessed
$493,007
+18.9% YoY
Effective rate
3.29%
On assessed value
Assessed land
$107,719
Assessed improvement
$478,578
Land market value
$307,768
Improvement market value
$1,367,367
Total market value
$1,675,135
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
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,964 SF
Lot
0.11 ac (4,964 SF)
Zoning code
MS
APN
140-173-13
UPID
US62-0498423
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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
MEDICAL BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Violettree Property Management LLC
Entity
Mailing address
500 DAMONTE RNCH PKWY STE #703, RENO, NV 89521-3911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
Violettree Property Management LLC
Mountain West Surgical Center LLC
Bargain And Sale Deed
$2,067,275 · Zb NA
Jan 21, 2020
$1,350,000
Mountain W Surgical Ctr LLC
Welcome Home Commercial LLC
Grant Deed
—
Jun 11, 2019
—
Nevada St Dev Corp
Welcome Home Commercial LLC
Grant Deed
related
—
Jun 25, 2018
$700,000
Welcome Home Commercial LLC
Rvw Holdings LLC
Bargain And Sale Deed
$382,800 · Wells Fargo Bank NA
Oct 31, 2012
—
Rvw Holdings LLC
Willmes R V II Fam Trust
Grant Deed
—
Sep 6, 2012
$496,500
Willmes Robert V II Fam Trust
Heritage Bk Of Nv
Grant Deed
—
Jul 7, 2010
—
Heritage Bk Of Nv
Quitney Living Trust
Deed In Lieu Of Foreclosure
related
—
Jul 27, 2007
$2,879,000
Gerald D Quitney
Perry M Di Loreto
Bargain And Sale Deed
$2,150,000 · Heritage Bank Of Nevada
Dec 23, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 5, 2001
$2,011,000
E Acceiertor LLC
Drc Development LLC
Grant Deed
$1,206,600 · First Independent Bank Nevada
—
—
Welcome Home Commercial LLC
—
Deed Of Trust
related
$382,800 · Wells Fargo Bk
—
—
Welcome Home Commercial LLC
—
Deed Of Trust
related
$316,000 · Nevada St Dev
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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