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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Medical Office Space
670 Sierra Rose Dr Reno, NV 89511-2072
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0378510
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
7,167 SF
Lot
0.17 ac (7,192 SF)
Zoning code
PD
APN
040-942-25
UPID
US62-0378510
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
-
Jenny Sanchez Physician
-
William Lefler Jr., MD Physician Medical Clinic
-
Tiffany Yohey, MSN APRN Physician
-
Dr. Iryna Patel Physician Medical Clinic
-
Dr. Sunil Skaria Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.79M
Owner & transaction history
Team Raman LLC · 1 yrs held
Team Raman LLC
since 2025
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+11.4%
Neighborhood: shopping center
$2.9M
+9.4%
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
$1,250,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,715,000
7%
$1,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,630,000
Current use
RESTAURANT
$2,930,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,880,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,410,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,365,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$2,165,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $2.33M (Jan 17 2025)
Last sale anchor
$2.33M
Jan 17 2025
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
$250 / 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
$17,132
Tax year 2023
Assessed value
$571,351
Assessed 2023
Previous assessed
$475,274
+20.2% YoY
Effective rate
3.00%
On assessed value
Assessed land
$175,592
Assessed improvement
$395,759
Land market value
$501,690
Improvement market value
$1,130,739
Total market value
$1,632,429
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
2003
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,167 SF
Lot
0.17 ac (7,192 SF)
Zoning code
PD
APN
040-942-25
UPID
US62-0378510
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
$2.6M
RESTAURANT
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Team Raman LLC
Entity
Mailing address
333 HOLCOMB AVE STE #300, RENO, NV 89502-1665
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Team Raman LLC
—
Deed
related
$1,044,000 · Ca Statewide Certifield Dev Corp
Jan 17, 2025
$2,325,000
Team Raman LLC
Qs LLC
Bargain & Sale Deed
$1,269,453 · Western Alliance Bank
Jul 27, 2012
$1,625,000
Qs LLC Series 4
630 Sierra Rose Drive Holdings
Grant Deed
—
Apr 20, 2012
$1,100,000
630 Sierra Rose Drive Holdings
Ballard Spahr LLP
Trustees Deed
related
—
Oct 20, 2004
—
Owner Name Unavailable
Quail Corners South-phase III
Grant 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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