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Property profile & analytics
FOR LEASE
Office buildings
5310 Kietzke Ln Reno, NV 89511
Individually Owned
~
Est. High Equity
Property ID
US62-0099173
For Lease
$7,995,000
5310 Kietzke Ln, Reno, NV 89511
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD
Total area
49,348 SF
Lot
3.35 ac (145,926 SF)
Zoning code
MU
APN
040-142-06
UPID
US62-0099173
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
-
Whee Golf for Business Golf Club Golf Course
-
RBC Wealth Management Branch - Reno Financial Advisor
-
Peter Bessette - RBC Wealth Management Branch Director Financial Advisor
-
Steven Anderson - RBC Wealth Management Financial Advisor Financial Advisor
-
Keith Fuetsch - RBC Wealth Management Financial Advisor Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Norma Cecilia Sanchez
Norma Cecilia Sanchez
since 2025
7 recorded transactions
Zoning & alternative use
MU · 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
RETAIL STORES
$12,685,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$8.00M
Range $7.20M – $8.79M · ±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
$162 / 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
$105,521
Tax year 2023
Assessed value
$3,019,737
Assessed 2023
Previous assessed
$2,662,420
+13.4% YoY
Effective rate
3.49%
On assessed value
Assessed land
$663,963
Assessed improvement
$2,355,774
Land market value
$1,897,038
Improvement market value
$6,730,784
Total market value
$8,627,822
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
For Lease
Year built
1997
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
49,348 SF
Lot
3.35 ac (145,926 SF)
Zoning code
MU
APN
040-142-06
UPID
US62-0099173
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
RETAIL STORES
Est. value
$12.7M
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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
3.35 ac
Current owner
From public records · entity-resolved
Norma Cecilia Sanchez
Individual
Mailing address
5310 KIETZKE LN STE #205, RENO, NV 89511-2044
Mailing matches property
Yes
Owner-occupied
Yes
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
$470,000
Norma Cecilia Sanchez
Summer Sage LLC
Bargain & Sale Deed
$461,487 · Crosscountry Mortgage LLC
Jul 23, 2025
$655,000
Tjb L LLC
Mabel L Youmans Revocable Living Tr
Bargain & Sale Deed
—
Jul 23, 2025
—
Carolyn F Welsh Living Trust
Carolyn F Welsh Living Trust
Deed
related
$780,000 · Phh Mortgage Services Corp
Jul 22, 2025
$636,000
Hillary O'brien
Walter Kelly
Bargain & Sale Deed
—
Jul 18, 2025
—
Kyle Messer
—
Deed
related
$387,500 · C Kelly Smith
Mar 8, 2021
—
887 Trademark LLC
—
Deed
related
$7,500,000 · Wells Fargo Bank Northwest NA
Jul 30, 2019
—
Nevdex Office Park LLC
—
Deed
related
$1,175,000 · Bank Of The West
Jun 30, 2014
—
Nevdex Office Park LLC
—
Deed Of Trust
related
$24,204,872 · Bank Of The West
Feb 26, 1998
$20,000
Nevdex Office Park LLC
Houston 88 LP
Grant Deed
—
Feb 5, 1997
—
Houston 88 LP
—
Grant Deed
related
$4,930,000 · Sierrawest Bank
Dec 10, 1996
$950,000
88 LP
Stanharrah
Grant Deed
—
—
—
Nevdex Office Park LLC
—
Deed Of Trust
related
$1,689,719 · Bank Of The West
—
—
Nevdex Office Park LLC
—
Deed Of Trust
related
$1,175,000 · Bank Of The West
—
—
Nevdex Office Park LLC
—
Loan Modification
related
$31,015,872 · Bank Of The West
—
—
Nevdex Office Park LLC
—
Loan Modification
related
$31,015,872 · Bank Of The West
—
—
Nevdex Office Park LLC
—
Loan Modification
related
$31,015,872 · Bank Of The West
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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