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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Day care centers
6870 Mccarran Blvd Reno, NV 89509-6104
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0677473
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2019
Construction
WOOD
Total area
21,468 SF
Lot
1.93 ac (84,071 SF)
Zoning code
PO
APN
040-880-07
UPID
US62-0677473
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
-
Milestones Early Childhood Learning Reno High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.21M
Owner & transaction history
Howe Systems INC · 1 yrs held
Howe Systems INC
since 2024
7 recorded transactions
Zoning & alternative use
PO · 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
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,175,000
Current use
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$56 / 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
$58,667
Tax year 2023
Assessed value
$1,755,610
Assessed 2023
Previous assessed
$1,483,083
+18.4% YoY
Effective rate
3.34%
On assessed value
Assessed land
$291,365
Assessed improvement
$1,464,245
Land market value
$832,471
Improvement market value
$4,183,558
Total market value
$5,016,029
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
21,468 SF
Lot
1.93 ac (84,071 SF)
Zoning code
PO
APN
040-880-07
UPID
US62-0677473
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
2019
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Howe Systems INC
Entity
Mailing address
6880 S MCCARRAN BLVD STE #10, RENO, NV 89509-6129
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
—
Howe Systems INC
Sindlinger Capital LLC
Bargain And Sale Deed
$3,846,402 · Scf Nbl LLC
Jun 4, 2024
—
Sindlinger Capital LLC
—
Deed
related
$3,162,000 · United States Small Business Admin
Jul 9, 2020
—
Sindlinger Capital LLC
—
Deed
related
$3,162,000 · California Statewide Certified Developme
Dec 19, 2018
—
Scf Nbl LLC
—
Deed
related
—
Dec 4, 2018
—
Sindlinger Capital LLC
Howe Systems INC
Grant Deed
$3,846,402 · Scf Nbl LLC
Oct 15, 2014
$957,500
Howe Systems INC
Edmondson,lee D & Victoria L
Grant Deed
$872,375 · Leland D & Victoria L Edmondson
Jun 8, 2011
—
Lee D Edmondson
Edmondson Family Trust
Quit Claim Deed
related
—
Feb 2, 2011
—
Lee D Edmondson
Edmondson,lee D
Quit Claim Deed
related
—
Aug 21, 2007
—
Edmondson Family Trust
Edmondson,lee D & Victoria L
Quit Claim Deed
related
—
—
—
Scf Nbl LLC
—
Deed Of Trust
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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