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Property profile & analytics
FOR LEASE
Office buildings
6005 Plumas St Reno, NV 89519
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0226262
For Lease
1 / 7
$10,420,000
6005 Plumas St, Reno, NV 89519
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
37,410 SF
Lot
2.8 ac (121,968 SF)
Zoning code
PO
APN
042-021-18
UPID
US62-0226262
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
-
Wells Fargo Advisors Financial Advisor
-
imortgage Loan Service Bank
-
Cisco Systems Investments Ltd IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Laughton Wealth Advisory Group of Wells Fargo Advisors Financial Advisor
-
Peyton, Brockovich & Gonzalez Investment Group of Wells Fargo Advisors Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.85M
Comparable Approach
Comparable
$13.06M
Blend (final)
Blend
$10.42M
Owner & transaction history
Mueller III LLC · 9 yrs held
Mueller III LLC
since 2017
7 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.3M
+54.3%
Neighborhood: shopping center
$15.0M
+51.5%
Medical building
$13.1M
+31.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,755,000
6.5%
$10,850,000
7%
$10,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,920,000
Current use
RESTAURANT
$15,305,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,030,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$13,055,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,590,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,350,000
Change: +25% · Conversion: Easy
RETAIL STORES
$9,615,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$10.42M
Range $9.38M – $11.46M · ±10%
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
$279 / 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
$99,811
Tax year 2023
Assessed value
$2,997,112
Assessed 2023
Previous assessed
$2,521,714
+18.9% YoY
Effective rate
3.33%
On assessed value
Assessed land
$499,459
Assessed improvement
$2,497,653
Land market value
$1,427,026
Improvement market value
$7,136,152
Total market value
$8,563,178
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
37,410 SF
Lot
2.8 ac (121,968 SF)
Zoning code
PO
APN
042-021-18
UPID
US62-0226262
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
OFFICE BUILDING Current
Est. value
$9.9M
RESTAURANT
Est. value
$15.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.0M
MEDICAL BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
RETAIL STORES
Est. value
$9.6M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Mueller III LLC
Entity
Mailing address
438 SOCORRO CT, RENO, NV 89511-5389
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 12, 2020
—
Mueller III LLC
—
Deed
related
$4,138,000 · Wells Fargo Bank NA
Jun 28, 2017
$6,900,000
Mueller III LLC
Lakeridge Centre Office Complex LP
Bargain And Sale Deed
$4,830,000 · Meadows Bank
Oct 23, 2007
—
Lakeridge Centre Office Comple
—
Deed Of Trust
related
$1,500,000 · First Independent Bank Nevada
Jun 23, 2004
—
Lakeridge Centre Office Comple
—
Deed Of Trust
related
$2,364,000 · First Independent Bank Nevada
Jul 26, 2000
—
Lakeridge Centre Office Comple
—
Deed Of Trust
related
$4,400,000 · Life Insurance Co Of Southwest
Nov 17, 1998
$732,000
Topol Trust
Lakeridge Center Office Copmpl
Grant Deed
—
—
—
Lakeridge Centre Ofc Complex
—
Deed Of Trust
related
$4,625,000 · Wells Fargo Bk 2007-hq11 (ce)
—
—
Lakeridge Centre Office Comple
—
Deed Of Trust
related
$2,136,000 · First Independent 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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