Entity Owned Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2023
Construction
WOOD
Total area
12,261 SF
Lot
0.28 ac (12,348 SF)
Zoning code
SPD
APN
226-171-01
UPID
US62-0246106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Medical Clinic
-
Physician Medical Clinic
-
Physician Medical Clinic
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$5.30M
Owner & transaction history
since 2023
Last sale
$5.8M
1 recorded transaction
Zoning & alternative use
SPD · Reno, NV
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 w…
General category
OPEN_SPACE
Top alternative use upside
Commercial (general)
$6.5M
+45.2%
Restaurant
$5.0M
+11.4%
Neighborhood: shopping center
$4.9M
+9.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.30M
Value range
$4.77M – $5.82M
±10% around blend
Estimated value / SF
$432 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$4.77M
blend $5.30M
$5.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,261 SF
Lot area
0.28 ac
Year built
2023
Stories
1
APN
226-171-01
Zoning
SPD
Assessed value
$1,137,810
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.90M
Range $3.64M – $5.43M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$367
+18%
Submarket 68 sales
$349
+24%
County 80 sales
$350
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $432/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+45%
vs current-use indication
Restaurant
Neighborhood: Shopping Center
Medical Building · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.60%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.60%
9.0%
NOI (est.)
$405k *
Last sale · May 2023
$5.79M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.25M
Move the market yield to see immediate price impact.
Value / SF
$918
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.10%3.60%4.10%
$365k
$11.76M
$10.13M
$8.89M
$405k
$13.07M
$11.25M
$9.88M
$446k
$14.37M
$12.38M
$10.87M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,137,810
Assessed 2023
Assessed land
$270,355
Assessed improvement
$867,455
Land market value
$772,443
Improvement market value
$2,478,443
Total market value
$3,250,886
Applied tax rate
1,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2023
Construction
WOOD
Heating
YES
Stories
1
Units
1
Total area
12,261 SF
Lot
0.28 ac (12,348 SF)
Zoning code
SPD
APN
226-171-01
UPID
US62-0246106
Jurisdiction
WASHOE
Zoning & alternative use
SPD · Reno, NVZoning SPD · permitted uses
SPD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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 w…
General category
OPEN_SPACE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Construction
WOOD
Heating
YES
Stories
1
Units
1
Lot
0.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
SPD
OPEN_SPACE
Jurisdiction
Reno, NV
Recorded code
SPD
Official district
SPD
Official district profile
What the municipal code says about SPD
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 w…
General category
OPEN_SPACE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SPD in Reno, NV.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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