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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Medical Office Space
5458 Reno Corporate Dr Reno, NV 89511-2250
Individually Owned
2-yr Hold
Free & Clear
Property ID
US62-0119997
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
WOOD
Total area
5,778 SF
Lot
0.17 ac (7,466 SF)
Zoning code
PO
APN
164-481-06
UPID
US62-0119997
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
-
Dr. Steven W. Parker, MD Physician
-
Dr. Murphy Alternative Medicine Practice
-
Sierra Infectious Diseases Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.97M
Owner & transaction history
Mark J Hays · 2 yrs held
Mark J Hays
since 2024
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designated on the Master Plan or adjacent to residential districts.
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
180.68 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.1M
+45.2%
Restaurant
$2.4M
+11.4%
Neighborhood: shopping center
$2.3M
+9.4%
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
$2,970,000
ML approach
$2,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,120,000
Current use
COMMERCIAL (GENERAL)
$3,080,000
Change: +45% · Conversion: Easy
RESTAURANT
$2,365,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,320,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,945,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,905,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $2.97M (Jun 6 2024)
Last sale anchor
$2.97M
Jun 6 2024
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
$514 / 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
$20,471
Tax year 2023
Assessed value
$561,543
Assessed 2023
Previous assessed
$561,543
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$125,383
Assessed improvement
$436,160
Land market value
$358,236
Improvement market value
$1,246,170
Total market value
$1,604,406
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
2022
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,778 SF
Lot
0.17 ac (7,466 SF)
Zoning code
PO
APN
164-481-06
UPID
US62-0119997
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NVZoning PO · permitted uses
PO · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designated on the Master Plan or adjacent to residential districts.
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
180.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mark J Hays
Individual
Free & Clear · 2 yrs held
Mailing address
72 JAMES ST, SEQUIM, WA 98382-9520
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$2,970,000
Mark J Hays
Rpc Investors IV LLC
Bargain And Sale Deed
—
Feb 18, 2022
$731,433
Rpc Investors IV LLC
Rpc Business Park LLC
Bargain And Sale Deed
$1,375,000 · Staedler Trust
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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