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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Medical Office Space
6570 Mccarran Blvd Reno, NV 89509-6112
Entity Owned
14-yr Hold
Free & Clear
Property ID
US62-0035735
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
WOOD
Total area
5,816 SF
Lot
0.13 ac (5,837 SF)
Zoning code
PD
APN
040-920-23
UPID
US62-0035735
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
-
Carol Beall, RN Physician
-
Renown Medical Group-Cosmetic Medical Clinic Skin Care Clinic
-
Kim Bunsness, LE Physician
-
Anna Marie Bajo, RN Physician
-
Cecilia O'Dowd, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$1.25M
Owner & transaction history
Renown Health INC · 14 yrs held
Renown Health INC
since 2012
2 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,030,000
Current use
AUTO REPAIR, GARAGE
$1,955,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Change: -5% · Conversion: Moderate
OFFICE BUILDING
$1,650,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$215 / 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
$14,802
Tax year 2023
Assessed value
$448,526
Assessed 2023
Previous assessed
$373,753
+20.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$142,492
Assessed improvement
$306,034
Land market value
$407,120
Improvement market value
$874,382
Total market value
$1,281,502
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,816 SF
Lot
0.13 ac (5,837 SF)
Zoning code
PD
APN
040-920-23
UPID
US62-0035735
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NV
Zoning PD · permitted uses
PD · 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
MEDICAL BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Renown Health INC
Entity
Free & Clear · 14 yrs held
Mailing address
1155 ML ST, RENO, NV 89502-1576
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2012
$1,100,000
Renown Health INC
Quail Medical Investors LLC
Grant Deed
—
Sep 2, 2003
$1,071,000
Quail Medical Investors LLC
Hammer,jerry D
Grant Deed
$755,000 · 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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