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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Office Spaces
740 Del Monte Ln Reno, NV 89511-7504
Entity Owned
Absentee Owner
Free & Clear
Property ID
US62-0685999
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2019
Construction
WOOD
Total area
10,871 SF
Lot
0.26 ac (11,137 SF)
Zoning code
PO
APN
226-141-03
UPID
US62-0685999
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
-
Ridgeline Dental (formerly Hansen Cosmetic Family Dentistry) Dental Office
-
Nevada State Board of Cosmetology State Government Office
-
OFFICE SPACES FOR LEASE in Reno - OFFICE SPACES FOR LEASE Real Estate Agency
-
Aaron U. Adamson, D.M.D. Mountainside Oral & Maxillofacial Surgery Dental Office
-
Edward Jones - Financial Advisor: Robert Moretti Jr, CFP® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$2.08M
Owner & transaction history
HANSEN FAMILY TRUST GERALD & KERRI
HANSEN FAMILY TRUST GERALD & KERRI
Zoning & alternative use
PO · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designated on the Master Plan or adjacent to residential districts.
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
180.68 ac
Source
Realmo
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%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±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
$191 / 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
$28,729
Tax year 2023
Assessed value
$887,470
Assessed 2023
Previous assessed
$736,897
+20.4% YoY
Effective rate
3.24%
On assessed value
Assessed land
$266,340
Assessed improvement
$621,130
Land market value
$760,970
Improvement market value
$1,774,658
Total market value
$2,535,628
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2019
Construction
WOOD
Stories
1
Units
1
Total area
10,871 SF
Lot
0.26 ac (11,137 SF)
Zoning code
PO
APN
226-141-03
UPID
US62-0685999
Jurisdiction
WASHOE
Zoning & alternative use
PO · Reno, NVZoning PO · permitted uses
PO · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designated on the Master Plan or adjacent to residential districts.
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
180.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
HANSEN FAMILY TRUST GERALD & KERRI
Entity
Free & Clear · 0 yrs held
Mailing address
2420 FARETTO LN, RENO, NV 89511-7600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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