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Property profile & analytics
FOR SALE
Office buildings
7025 Longley Ln Reno, NV 89511
Entity Owned
~
Est. High Equity
Property ID
US62-0373709
For Sale
1 / 2
$3,780,000
7025 Longley Ln, Reno, NV 89511
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,800 SF
Lot
1.48 ac (64,295 SF)
Zoning code
IC
APN
025-590-02
UPID
US62-0373709
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
-
Nationwide Insurance: Provence Insurance & Financial Services LLC Insurance Agency
-
Loft Dance Theater Arts Training Center
-
Guided Alliance Pharmacy Inc Pharmacy
-
Aspen Animal Wellness Veterinary Clinic
-
New Theory Medical Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.45M
Owner & transaction history
Son Brothers LLC
Son Brothers LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
IC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+35.4%
Neighborhood: shopping center
$5.5M
+33.0%
Medical building
$5.1M
+21.5%
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%
$4,335,000
6.5%
$4,005,000
7%
$3,715,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,170,000
Current use
RESTAURANT
$5,645,000
Change: +35% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,545,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$5,065,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,645,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,555,000
Change: +9% · Conversion: Easy
RETAIL STORES
$3,550,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.30M (May 29 2025)
Last sale anchor
$3.30M
May 29 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
$21,131
Tax year 2023
Assessed value
$775,008
Assessed 2023
Previous assessed
$554,938
+39.7% YoY
Effective rate
2.73%
On assessed value
Assessed land
$264,471
Assessed improvement
$510,537
Land market value
$755,631
Improvement market value
$1,458,678
Total market value
$2,214,309
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 Sale
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
13,800 SF
Lot
1.48 ac (64,295 SF)
Zoning code
IC
APN
025-590-02
UPID
US62-0373709
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
$4.2M
RESTAURANT
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Son Brothers LLC
Entity
Mailing address
4747 JACMEL CT, SPARKS, NV 89436-8741
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$3,300,000
Son Brothers LLC
7025 Longley Lane LLC
Bargain & Sale Deed
$1,700,000 · Heritage Bank Of Nevada
Feb 7, 2025
—
7025 Longley Lane LLC
Jack R Reinhardt
Bargain & Sale Deed
—
Nov 20, 2024
—
Jack R Reinhardt
Jack R Reiniardt
Deed
related
—
Aug 6, 2024
—
Richard A Reinhardt
Richard A Reinhardt
Intrafamily Transfer
related
—
Feb 17, 2022
$3,200,000
Richard A Reinhardt
Lucey Properties LLC
Bargain And Sale Deed
—
Jul 1, 1996
—
Lucey Properties LLC
—
Grant Deed
related
$1,245,000 · Pioneer Citizens Bank Nevada
—
—
Lucey Properties LLC
—
Deed Of Trust
related
$1,400,000 · Lucey Trust
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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