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Property profile & analytics
FOR LEASE
Office buildings
639 Isbell Rd Reno, NV 89509
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-1096158
For Lease
1 / 12
$19.80 SF/Yr
639 Isbell Rd, Reno, NV 89509
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Property summary
AI-generated overview
This exceptional Class A office building, located at 639 Isbell Rd, Reno, NV 89509, offers 3,475 square feet of immediately available space in a prime Airport/Central submarket location. The four-story, 40,971 square foot multi-tenant building boasts a desirable location off Moana Lane, providing convenient access to I-580, executive housing, and downtown Reno. Constructed in 1996 and renovated in 2007, the property sits on a 1.689-acre lot and features ample parking, including surface and covered options, along with convenient street parking on Isbell Road. The building's amenities include a first-floor entry, elevator lobby, and mail room. The property is zoned General Office (GO), allowing for a variety of professional uses. With its professional management and high-quality construction, this is a truly exceptional opportunity for businesses seeking a prestigious and convenient location in Reno. The building offers a 4.00 parking spaces per 1000 square feet ratio. The cross street is Kauai Ct, and the property is situated in Washoe County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
40,971 SF
Lot
1.69 ac (73,747 SF)
Zoning code
PO
APN
019-351-10
UPID
US62-1096158
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
-
FirstService Residential Reno Property Management Company
-
Okechukwu Olisa Physician
-
Megan Seivert Physician
-
Ameresco Inc Corporate Office
-
Washoe County Employees Association (WCEA) Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.89M
Comparable Approach
Comparable
$10.79M
Blend (final)
Blend
$9.61M
Owner & transaction history
Kohr-tallman Living Trust · 9 yrs held
Kohr-tallman Living Trust
since 2016
3 recorded transactions
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.3M
+23.0%
Auto repair, garage
$13.8M
+18.6%
Apartment house (5+ units)
$13.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,875,000
6.5%
$11,885,000
7%
$11,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,630,000
Current use
MEDICAL BUILDING
$14,300,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,790,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,525,000
Change: +16% · Conversion: Easy
RETAIL STORES
$10,535,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$9.61M
Range $8.64M – $10.57M · ±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
$234 / 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
$45,913
Tax year 2023
Assessed value
$2,133,805
Assessed 2023
Previous assessed
$1,837,767
+16.1% YoY
Effective rate
2.15%
On assessed value
Assessed land
$307,235
Assessed improvement
$1,826,570
Land market value
$877,815
Improvement market value
$5,218,771
Total market value
$6,096,586
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
1996
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
40,971 SF
Lot
1.69 ac (73,747 SF)
Zoning code
PO
APN
019-351-10
UPID
US62-1096158
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
$11.6M
MEDICAL BUILDING
Est. value
$14.3M
AUTO REPAIR, GARAGE
Est. value
$13.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
RETAIL STORES
Est. value
$10.5M
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Kohr-tallman Living Trust
Trust
Mailing address
3545 MONT BLANC CT, CARSON CITY, NV 89705-7023
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2016
$4,250,000
Kohr-tallman Living Trust
Isbell Partners LLC
Grant Deed
—
Sep 19, 2007
$4,125,000
Isbell Partners LLC
Huckabay Properties INC
Grant Deed
$3,800,000 · Vineyard Bank
Mar 19, 1997
—
Huckabay Properties INC
Huckabay Trust
Quit Claim Deed
related
—
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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