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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Medical Office Space
555 Evans Ave Reno, NV 89512-3302
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US62-0398203
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,735 SF
Lot
0.32 ac (14,000 SF)
Zoning code
MDED
APN
007-301-18
UPID
US62-0398203
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
-
Sunrise School Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Ph-reno LLC · 14 yrs held
Ph-reno LLC
since 2012
7 recorded transactions
Zoning & alternative use
MDED · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$150 / 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
$15,908
Tax year 2023
Assessed value
$413,373
Assessed 2023
Previous assessed
$348,720
+18.5% YoY
Effective rate
3.85%
On assessed value
Assessed land
$90,650
Assessed improvement
$322,723
Land market value
$259,000
Improvement market value
$922,067
Total market value
$1,181,067
Applied tax rate
1,002.0000
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
13,735 SF
Lot
0.32 ac (14,000 SF)
Zoning code
MDED
APN
007-301-18
UPID
US62-0398203
Jurisdiction
WASHOE
Zoning & alternative use
MDED · Reno, NV
Zoning MDED · permitted uses
MDED · 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.
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Ph-reno LLC
Entity
Mailing address
6338 WILSHIRE BLVD, LOS ANGELES, CA 90048-5002
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Kf Reno LLC
—
Deed
related
$2,300,000 · Plumas Bank
Dec 21, 2017
—
Ph Reno LLC
—
Deed
related
$471,000 · Premier Business Bank
Jun 13, 2012
—
Ph-reno LLC
Kf-reno LLC
Grant Deed
—
Dec 30, 2011
—
Hariri-reno LLC
—
Deed Of Trust
related
$2,700,000 · Cj Park & Associates
Jun 30, 2010
—
Farhadi-reno LLC
Farhadi-reno LLC
Quit Claim Deed
related
—
Jul 16, 2008
—
Farhadi-reno LLC
—
Grant Deed
related
$7,500,000 · Far East National Bank
Dec 17, 2007
—
Farhadi-reno LLC
Cherry Palm Ltd
Grant Deed
—
Mar 22, 2005
$4,800,000
Cherry Palm Ltd
Rr LLC
Grant Deed
$3,900,000 · Far East National Bank
Mar 11, 2005
—
Quantum Investments
Giudici,martin R & Kristi B
Quit Claim Deed
related
—
Mar 11, 2003
$2,950,000
Martin R Giudici
Speakeasy Gaming Of Reno INC
Grant Deed
$2,162,500 · Speakeasy Gaming Of Reno INC
Dec 23, 1999
—
Speakeasy Gaming Of Reno INC
—
Deed Of Trust
related
$30,000,000 · Wells Fargo Bank
May 5, 1998
$8,000,000
Speakeasy Gaming Of Reno LLC
Reno Hotel INC
Grant Deed
related
$39,941,500 · Madeleine LLC
Jan 23, 1997
$3,890,188
Reno Hotel
Swept Wing Motel INC
Trustees Deed
—
Feb 18, 1992
$4,675,000
Swept Wing Motel INC
Unknown
Grant Deed
—
—
—
Farhadi-reno LLC
—
Deed Of Trust
related
$250,000 · Far East National Bank
—
—
Ph-reno LLC
—
Loan Modification
related
$1,391,532 · Premier Busn Bk
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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