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Property profile & analytics
OFF-MARKET
Office buildings
515 Plumas St Reno, NV 89509-1630
Entity Owned
~
Est. High Equity
Property ID
US62-1269682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
884 SF
Lot
0.09 ac (3,833 SF)
Zoning code
MURES
APN
011-221-07
UPID
US62-1269682
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hive Wellness LLC
Hive Wellness LLC
since 2025
Last sale
$470,000
7 recorded transactions
Zoning & alternative use
MURES · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$936
Tax year 2023
Assessed value
$51,447
Assessed 2023
Previous assessed
$40,549
+26.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$36,255
Assessed improvement
$15,192
Land market value
$103,587
Improvement market value
$43,407
Total market value
$146,994
Applied tax rate
1,002.0000
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
884 SF
Lot
0.09 ac (3,833 SF)
Zoning code
MURES
APN
011-221-07
UPID
US62-1269682
Jurisdiction
WASHOE
Zoning & alternative use
MURES · Reno, NV
Zoning MURES · permitted uses
MURES · 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.
Building & site characteristics
From public records
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Hive Wellness LLC
Entity
Mailing address
5788 SIMONS DR, RENO, NV 89523-2544
Ownership since
2025
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
Dec 26, 2025
$470,000
Hive Wellness LLC
The Richard Family Trust
Bargain & Sale Deed
$376,000 · All Western Mortgage INC
Apr 25, 2012
—
Richard Family Trust
Richard,mervyn D & Patricia A
Quit Claim Deed
related
—
Dec 9, 2011
$101,000
Mervyn D Richard
Gc Casino Properties INC
Grant Deed
—
Apr 13, 2004
$179,000
G C Casino Properties INC
Martin,steven R & Lori A
Grant Deed
—
Nov 13, 2001
$130,000
Steven R Martin
Vlautin,linda C
Grant Deed
$97,500 · Provident Funding Assoc LP
Apr 18, 1994
$75,000
Casey W Vlautin
Jacqueline R Boy
Grant Deed
$60,000 · Seller
—
—
Steve R Martin
—
Deed Of Trust
related
$96,402 · Wells Fargo 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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