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Property profile & analytics
OFF-MARKET
Medical Office Space
5411 Kietzke Ln Reno, NV 89511-1088
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0450824
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,918 SF
Lot
1.53 ac (66,647 SF)
Zoning code
SPD
APN
040-162-64
UPID
US62-0450824
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
-
Northern Nevada Ambulatory Surgery Center Medical Clinic Hospital
-
Dr. Wesley W. Hall Sr, MD Physician Medical Clinic
-
Dr. Glenn G. Miller, MD Physician
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
Greer 5411 Kietzke LLC · 1 yrs held
Greer 5411 Kietzke LLC
since 2025
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
SPD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate projects or plans where the design and configuration of the uses are so arranged as to constitute a single functionally integrated entity. In such projects the use of land within a component, and among the various components if there is more than one component, shall be designed to be compatible and complementar…
Zone name
Specific Plan District
General category
OPEN_SPACE
Zone area
1,413.35 ac
Source
Realmo
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
$31,613
Tax year 2023
Assessed value
$895,975
Assessed 2023
Previous assessed
$798,589
+12.2% YoY
Effective rate
3.53%
On assessed value
Assessed land
$314,902
Assessed improvement
$581,073
Land market value
$899,721
Improvement market value
$1,660,208
Total market value
$2,559,929
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
14,918 SF
Lot
1.53 ac (66,647 SF)
Zoning code
SPD
APN
040-162-64
UPID
US62-0450824
Jurisdiction
WASHOE
Zoning & alternative use
SPD · Reno, NVZoning SPD · permitted uses
SPD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate projects or plans where the design and configuration of the uses are so arranged as to constitute a single functionally integrated entity. In such projects the use of land within a component, and among the various components if there is more than one component, shall be designed to be compatible and complementary. In this district, the location, use, and physical characteristics of structures, improvements, and open space shall all work together in furthering the stated purpose of the design of the project or plan.
Zone name
Specific Plan District
General category
OPEN_SPACE
Zone area
1,413.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1.53 ac
Current owner
From public records · entity-resolved
Greer 5411 Kietzke LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5310 KIETZKE LN STE #205, RENO, NV 89511-2044
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Greer 5411 Kietzke LLC
—
Deed
related
$45,000,000 · Plumas Bank
Jul 31, 2025
$9,500,000
Greer 5411 Kietzke LLC
5411 Kietzke LLC
Bargain & Sale Deed
—
Mar 2, 2022
—
5411 Kietzke LLC
Pacific Arizona LLC
Bargain And Sale Deed
—
Feb 2, 2022
$3,100,000
Pacific Arizona LLC
Kietzke 5411 LLC
Bargain And Sale Deed
—
Jul 23, 2008
—
Donald T Clemetson
Clemetson,donald T
Quit Claim Deed
—
Apr 27, 2001
$2,200,000
Donald T Clemetson
Castle Creek Properties LLC
Grant Deed
—
Jul 23, 1998
—
Snk Del Monte INC
Corcha LLC
Quit Claim Deed
related
—
Jun 17, 1997
$1,396,500
Castle Creek Properties LLC
Snk Del Monte INC
Trustees Deed
—
Jun 17, 1997
$875,000
Snk Del Monte INC
Mcdonald,dayton J
Trustees Deed
—
May 15, 1997
$595,000
Snk Del Monte INC
Schooley,russell T
Grant Deed
—
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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