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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Medical Office Space
525 Moana Ln Reno, NV 89502-4671
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0351581
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
7,306 SF
Lot
0.48 ac (20,952 SF)
Zoning code
GC
APN
020-211-33
UPID
US62-0351581
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
-
Reno Laser Therapy Gym & Fitness Center Alternative Medicine Practice
-
Alexandroff Roman DDS Dental Office
-
Spectrum Telecommunications Service Data Center
-
Auto Job Injury Center Alternative Medicine Practice
-
Melody A. Gooden, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.81M
Owner & transaction history
Bmm Ski LLC · 2 yrs held
Bmm Ski LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+17.2%
Neighborhood: shopping center
$2.9M
+15.1%
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
$2,245,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,550,000
Current use
RESTAURANT
$2,990,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,935,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,410,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,335,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.64M (Sep 28 2023)
Last sale anchor
$1.64M
Sep 28 2023
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
$247 / 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
$10,054
Tax year 2023
Assessed value
$296,813
Assessed 2023
Previous assessed
$254,357
+16.7% YoY
Effective rate
3.39%
On assessed value
Assessed land
$139,331
Assessed improvement
$157,482
Land market value
$398,088
Improvement market value
$449,948
Total market value
$848,036
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,306 SF
Lot
0.48 ac (20,952 SF)
Zoning code
GC
APN
020-211-33
UPID
US62-0351581
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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
$2.6M
RESTAURANT
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Bmm Ski LLC
Entity
Mailing address
475 E MOANA LN, RENO, NV 89502-4628
Ownership since
2023
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
Sep 28, 2023
$1,638,178
Bmm Ski LLC
Lawrence R Davis
Bargain And Sale Deed
$1,238,178 · Dr Lawrence R Davis Living Trust
Jul 26, 2022
—
Lawrence R Davis Revocable Living T
Dr Lawrence R Davis & Deborah D Dav
Intrafamily Transfer
related
—
Nov 16, 2021
—
Lawrence R Davis
Lawrence R Davis
Intrafamily Transfer
related
—
Mar 24, 2015
—
Davis,l R & D D Family Trust
Davis Lawrence R & Deborah D
Quit Claim Deed
related
—
Mar 1, 1996
$527,000
Lawrence R Davis
Stoever,theodore R & Elizabeth A
Grant Deed
$218,500 · Bank Of America Fsb
May 11, 1992
$600,000
Theodore R Stoever
Unknown
Grant Deed
—
—
—
Lawrence R Davis
—
Deed Of Trust
related
$522,000 · Bank Of America
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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