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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Office buildings
6195 Ridgeview Ct Reno, NV 89519-6340
Entity Owned
27-yr Hold
Free & Clear
Property ID
US62-0430758
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,576 SF
Lot
0.82 ac (35,893 SF)
Zoning code
NC
APN
042-221-15
UPID
US62-0430758
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
-
Marilyn L. Skender Law Firm
-
Patricia Lopez, Call It Closed International Real Estate Agency
-
Chris Lambert, Call It Closed International Real Estate Agency
-
Call It Closed International Realty Real Estate Agency
-
James W Leonard CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$3.07M
Owner & transaction history
M & M Properties LLC · 27 yrs held
M & M Properties LLC
since 1999
6 recorded transactions
Zoning & alternative use
NC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.1M
+51.5%
Medical building
$4.4M
+31.7%
Auto repair, garage
$4.2M
+26.9%
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%
$3,950,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,335,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,050,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$4,390,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,230,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,150,000
Change: +25% · Conversion: Easy
RETAIL STORES
$3,235,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±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
$244 / 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
$28,021
Tax year 2023
Assessed value
$813,402
Assessed 2023
Previous assessed
$708,165
+14.9% YoY
Effective rate
3.44%
On assessed value
Assessed land
$141,329
Assessed improvement
$672,073
Land market value
$403,796
Improvement market value
$1,920,209
Total market value
$2,324,005
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
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
12,576 SF
Lot
0.82 ac (35,893 SF)
Zoning code
NC
APN
042-221-15
UPID
US62-0430758
Jurisdiction
WASHOE
Zoning & alternative use
NC · Reno, NV
Zoning NC · permitted uses
NC · 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
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
M & M Properties LLC
Entity
Free & Clear · 27 yrs held
Mailing address
6195 RIDGEVIEW CT STE A, RENO, NV 89519-6341
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Feb 26, 1999
—
M & M Properties LLC
—
Grant Deed
related
$1,300,000 · Pioneer Citizens Bank Nevada
Jan 13, 1999
—
M & M Properties LLC
Gilmartin,mark
Grant Deed
related
—
Jun 25, 1998
$320,000
Mark Gilmartin
Morrical,roger & Marilynn
Grant Deed
$160,000 · Seller
Jul 31, 1990
$215,000
Willow M Morrical
Unknown
Grant Deed
—
—
—
M & M Properties LLC
—
Deed Of Trust
related
$1,350,000 · Norwest Bank Nevada
—
—
M & M Properties LLC
—
Deed Of Trust
related
$2,000,000 · 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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