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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Office buildings
575 Frst St Reno, NV 89509-1689
Entity Owned
Free & Clear
Property ID
US62-1230850
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,870 SF
Lot
0.32 ac (13,983 SF)
Zoning code
MURES
APN
011-223-17
UPID
US62-1230850
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
-
Allstate Insurance: L Gene Gardella Insurance Agency
-
Christopher Gardella: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.88M
Owner & transaction history
575 Forest Nv II LLC
575 Forest Nv II LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
MURES · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+23.0%
Auto repair, garage
$2.7M
+18.6%
Apartment house (5+ units)
$2.6M
+16.3%
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
$2,065,000
ML approach
$2,160,000
CAP Approach
CAP Return
Estimation
6%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,235,000
Current use
MEDICAL BUILDING
$2,745,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,650,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,600,000
Change: +16% · Conversion: Easy
RETAIL STORES
$2,025,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10% · vs last sale $1.55M (Dec 31 2025)
Last sale anchor
$1.55M
Dec 31 2025
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
$238 / 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
$7,633
Tax year 2023
Assessed value
$241,145
Assessed 2023
Previous assessed
$193,219
+24.8% YoY
Effective rate
3.17%
On assessed value
Assessed land
$115,150
Assessed improvement
$125,995
Land market value
$329,000
Improvement market value
$359,987
Total market value
$688,987
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
7,870 SF
Lot
0.32 ac (13,983 SF)
Zoning code
MURES
APN
011-223-17
UPID
US62-1230850
Jurisdiction
WASHOE
Zoning & alternative use
MURES · Reno, NV
Zoning MURES · permitted uses
MURES · 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
OFFICE BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
575 Forest Nv II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1002 SUNDANCE DR, FREMONT, CA 94539-6989
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$1,550,000
575 Forest Nv II LLC
Andy Hong Chiuann Chen LLC
Bargain & Sale Deed
—
Aug 26, 2022
$1,850,000
Andy Hong Chiuann Chen LLC
Sv 575forest LLC
Bargain And Sale Deed
$900,000 · Bank Of The West
Jun 18, 2018
$840,000
Sv 575 Forest LLC
Ks Realty Group INC
Bargain And Sale Deed
$812,000 · Meadows Bank
Jan 25, 2006
$840,000
Ks Realty Group INC
B2 Z Properties
Grant Deed
$538,000 · Nevada First Bank
Jan 25, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 19, 1995
$126,500
B 2 Z Properties Ltd
Combs,mark R & Fianna M
Grant Deed
$86,229 · Individual
Dec 14, 1992
$335,911
Mark R Combs
Unknown
Grant Deed
—
—
—
B2z Properteis
—
Deed Of Trust
related
$540,000 · First National Bank 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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