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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Medical Office Space
5500 Reno Corporate Dr Ste 200 Reno, NV 89511-2628
Entity Owned
~
Est. High Equity
Property ID
US62-0246104
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2023
Construction
WOOD
Total area
6,264 SF
Lot
0.14 ac (6,131 SF)
Zoning code
PO
APN
164-481-15
UPID
US62-0246104
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Sage Surgical & Neuromodulation LLC
Sage Surgical & Neuromodulation LLC
since 2025
Last sale
$4.7M
3 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+45.2%
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
$4,750,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,340,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.75M (Jan 31 2024)
Last sale anchor
$4.75M
Jan 31 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
$758 / 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
Assessed value
$631,370
Assessed 2023
Previous assessed
$631,370
+0.0% YoY
Assessed land
$133,043
Assessed improvement
$498,327
Land market value
$380,122
Improvement market value
$1,423,790
Total market value
$1,803,912
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
2023
Construction
WOOD
Heating
YES
Stories
1
Units
1
Total area
6,264 SF
Lot
0.14 ac (6,131 SF)
Zoning code
PO
APN
164-481-15
UPID
US62-0246104
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NV
Zoning PO · permitted uses
PO · 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
COMMERCIAL (GENERAL)
Est. value
$3.3M
COMMERCIAL (GENERAL)
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
2023
Construction
WOOD
Heating
YES
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sage Surgical & Neuromodulation LLC
Entity
Mailing address
5500 RENO CORPORATE DR STE #100, RENO, NV 89511-2628
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
—
Sage Surgical & Neuromodulation LLC
Reno Corporate Drive LLC
Deed
$1,563,000 · California Statewide Certified Developme
Jul 3, 2025
—
5500 200 Reno Corporate Drive LLC
5500 200 Reno Corporate Drive LLC
Deed
related
—
Jan 31, 2024
$4,748,551
5500 Reno Corporate Drive LLC
Rpc Business Park LLC
Bargain And Sale Deed
$4,092,892 · Heritage Bank Of Nevada
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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