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Property profile & analytics
OFF-MARKET
Office buildings
612 Morrill Ave Reno, NV 89512-3522
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0035929
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
FRAME
Total area
1,177 SF
Lot
0.16 ac (7,000 SF)
Zoning code
MU
APN
008-193-12
UPID
US62-0035929
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vertical Church · 5 yrs held
Vertical Church
since 2020
6 recorded transactions
Zoning & alternative use
MU · 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
—
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
$9
Tax year 2023
Assessed value
$41,714
Assessed 2023
Previous assessed
$34,346
+21.5% YoY
Effective rate
0.02%
On assessed value
Assessed land
$24,255
Assessed improvement
$17,459
Land market value
$69,300
Improvement market value
$49,883
Total market value
$119,183
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
1915
Construction
FRAME
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Total area
1,177 SF
Lot
0.16 ac (7,000 SF)
Zoning code
MU
APN
008-193-12
UPID
US62-0035929
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
1915
Construction
FRAME
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Vertical Church
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 7805, RENO, NV 89510-7805
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
—
Vertical Church
Vertical Church
Quit Claim Deed
related
—
Jul 22, 2016
$155,000
David M Clements
Dmc-run Properties LLC
Grant Deed
—
Nov 17, 2010
—
David Clements
Clements,david M & Sheela B
Quit Claim Deed
—
Feb 28, 2005
$175,000
David M Clements
Stonebarger,ruby R
Grant Deed
$140,000 · Paul Financial LLC
Feb 28, 2005
—
Ruby Stonebarger
Stonebarger,bobby R
Affidavit Of Death
related
—
Dec 19, 1996
$72,500
Bob R Stonebarger
Katie Anderson Estate
Grant Deed
$58,000 · Comstock Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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