Trust Owned Property summary
AI-generated overview
This exceptional 6,894 square foot office space is available for lease at 595 Double Eagle Ct., Suite 1000, Reno, Nevada. Located in the desirable South Meadows submarket, this property offers convenient access to Gateway Drive and major freeways. The space is situated within a two-story, Class B office building constructed in 2000, encompassing a total of 18,964 square feet on a 0.931-acre lot. The building features a single structure with two stories and is zoned for Planned Development (APN 163-062-02). The available space is located on the ground floor and boasts a functional layout including multiple private offices, an open bullpen area, a dedicated break room, and a conference room, ideal for a variety of professional office uses. Ample parking is provided on-site, catering to the needs of tenants and their clients. The property's location offers proximity to a wide array of retail and dining establishments, enhancing convenience for employees and visitors. This is a multi-tenant building offering a prime opportunity for businesses seeking a well-appointed and conveniently located office space in Reno's thriving South Meadows area. The available space totals 6,894 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
18,964 SF
Lot
0.93 ac (40,547 SF)
Zoning code
PD
APN
163-062-02
UPID
US62-0353329
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
-
Sustainability Organization Volunteer Organization
-
Engineering Consultant
-
Business Management Consultant
-
Engineering Consultant Environmental Engineer
-
Electrical Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.22M
CAP Approach
CAP
$5.50M
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.99M
Owner & transaction history
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
PD · Reno, NV
Top alternative use upside
Restaurant
$7.8M
+49.7%
Neighborhood: shopping center
$7.6M
+47.0%
Medical building
$6.6M
+27.7%
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
$4.99M
Value range
$4.49M – $5.49M
±10% around blend
Estimated value / SF
$263 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$4.49M
blend $4.99M
$5.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,964 SF
Lot area
0.93 ac
Year built
2000
Stories
2
APN
163-062-02
Zoning
PD
Assessed value
$917,588
Annual tax
$31,768
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.50M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.96M
@ 6.5% CAP return
$5.50M
@ 7% CAP return
$5.11M
4
Sales comparison
Partial preview
Sales approach indication
$4.42M
Range $4.42M – $6.70M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$273
-4%
Submarket 323 sales
$265
-1%
County 399 sales
$271
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $263/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+50%
vs current-use indication
Neighborhood: Shopping Center
Medical Building
Auto Repair, Garage
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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
7.20%
Implied, in-place cap rate for this office buildings
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 · 7.20%
9.0%
NOI (est.)
$316k *
Last sale · Dec 2025
$4.51M
* 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$4.39M
Move the market yield to see immediate price impact.
Value / SF
$231
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
6.70%7.20%7.70%
$284k
$4.24M
$3.95M
$3.69M
$316k
$4.71M
$4.39M
$4.10M
$347k
$5.18M
$4.82M
$4.51M
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
Tax billed
$31,768
Tax year 2023
Assessed value
$917,588
Assessed 2023
Previous assessed
$803,052
+14.3% YoY
Effective rate
3.46%
On assessed value
Assessed land
$170,297
Assessed improvement
$747,291
Land market value
$486,564
Improvement market value
$2,135,118
Total market value
$2,621,682
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
18,964 SF
Lot
0.93 ac (40,547 SF)
Zoning code
PD
APN
163-062-02
UPID
US62-0353329
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NVZoning PD · permitted uses
PD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PD
Jurisdiction
Reno, NV
Recorded code
PD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PD in Reno, NV.
What opens after registration
Zoning profile
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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