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    540 W Plumb Ln Reno, NV 89509
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    Property profile & analytics

    540 W Plumb Ln Reno, NV 89509

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    • Medical Office Space
    • 2,115 SF
    • 0.05 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Reno Office Space For Rent For Lease
    $25 SF/Yr
    5,422 SF

    Reno Office Space For Rent

    5422 square feet of office space available for lease.

    540 W Plumb Ln, Reno, NV
    View Listing
    Property ID
    US62-0352120
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Katherine A. Martin, LCSW / Counselor / Family Counselor
    • Stewart Title Company - Midtown Reno / Title Company
    • Dr. Ayse Yasar / Physician
    • Dr. Thelinh Nguyen / Physician / Hospital
    • Inner Garden Health LLC / Physician

    Property Details for 540 W Plumb Ln

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    2,115 SF
    Zone code
    SPD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    019-512-06
    APU
    1951206

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $340,000
      Market price range: $113k - $401k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $740,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Change: +15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $710,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $600,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.816
    Latitude
    39.5046
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,447
    $54,779
    $136,705
    $191,484
    -
    $156,510
    $390,587
    $547,097

    Comparable in this City

    • Value Estimation
      $565,000
      2,919 SF

      499 Plumb Ln

      MEDICAL BUILDING • 2,919 SF
      499 Plumb Ln, Reno, NV 89509-3793
      View Details
    • Value Estimation
      $605,000
      3,574 SF

      200 Brinkby Ave

      MEDICAL BUILDING • 3,574 SF
      200 Brinkby Ave, Reno, NV 89509-4326
      View Details
    • Value Estimation
      $4,085,000
      15,137 SF

      6512 Mccarran Blvd

      MEDICAL BUILDING • 15,137 SF
      6512 Mccarran Blvd, Reno, NV 89509-6170
      View Details
    • Value Estimation
      $805,000
      3,666 SF

      105 Mt Rose St

      MEDICAL BUILDING • 3,666 SF
      105 Mt Rose St, Reno, NV 89509-3492
      View Details
    • Value Estimation
      $2,115,000
      10,215 SF

      3640 Warren Way

      MEDICAL BUILDING • 10,215 SF
      3640 Warren Way, Reno, NV 89509-5240
      View Details
    • Value Estimation
      $795,000
      3,978 SF

      3639 Warren Way

      MEDICAL BUILDING • 3,978 SF
      3639 Warren Way, Reno, NV 89509-5398
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Medical/Professional Office in Reno

      Medical or professional office space for sale in Reno.
      6536 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing
      16,200 SF

      Reno Office Building For Sale

      16,200 SF office building available for purchase in Reno.
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    • $749,000

      Two Leased Office Buildings

      Two fully leased office buildings with redevelopment potential.
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      21,282 SF

      Reno Office Building For Sale

      Office building with 21,282 square feet of space.
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      29,760 SF

      Three Reno Office Buildings

      Three multi-tenant office buildings totaling approximately 29,760 square feet.
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    • Contact for pricing
      3,290 SF

      Downtown Reno Office Building For Sale

      Office building in prime downtown location near courthouse and financial district.
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    Similar Nearby for Lease

    • $6,935 /Mo
      2,946 SF

      Office/Medical Space Available

      Office/Medical space for lease featuring reception, offices, conference room.
      6502-6512 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing

      Office Space Near Amenities

      Office space for rent with plentiful parking and nearby amenities.
      6630 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing

      Downtown Reno Retail/Office Opportunity

      Modern urban space for retail, restaurant, or office use.
      24 California Ave, Reno, NV 89509
      View Details
    • Contact for pricing
      387 SF

      Office Space For Rent

      Office spaces available for rent, 342 SF and 387 SF.
      550 E Plumb Ln, Reno, NV 89509
      View Details
    • Contact for pricing
      4,358 SF

      Prestigious Reno Office and Retail

      Premier office and retail park in Reno's Meadowood Submarket.
      6990 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing
      3,589 SF

      Reno Office Building For Sale

      16,200 SF office building available in Reno, Nevada.
      3700 Grant Dr, Reno, NV 89509
      View Details
    View Listing
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    Reno, NV 89509
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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