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Financial
Distress signals
Property profile

855 W 7Th St Reno, NV 89503

FOR SALE
Medical Office Space
Property ID
US62-0419350
14,588 SF 0.92 ac lot Built 1978
Last sale Nov 2025 · $2,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A standalone medical office building located at 855 W. 7th Street in Reno, near the University of Nevada, Reno (UNR) and downtown Reno. The building totals 3,445 square feet and includes an extensive medical and dental buildout. It is served by a private parking lot and has freeway visibility. The configuration supports medical office use and may be appropriate for either owner-occupancy or investment purposes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$582k
Assessed land$186k
Assessed improvement$396k
Effective rate3.56%

Value estimate

· Oct 2026
$540k
$486k – $594k
NOI build-up
Gross scheduled income$422k
Vacancy & credit loss−$78k
Operating expenses−$86k
NOI · 9.00% cap applied$258k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$349/SF
Submarket average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$270 – $464

Cap rate analysis

How does the asset earn?
9.00%
$258k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PO
The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designa...
General categoryRESIDENTIAL
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service15.6
Electrical Service12.6
Furniture Store10.6

Location

855 W 7Th St Reno, NV 89503
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
343 Elm, Reno, NV 89503-4522 $80,000,000 Nov 2022 73,015 SF
595 Bell, Reno, NV 89503-4430 $80,000,000 Nov 2022 8,551 SF
645 Arlington, Reno, NV 89503-4460 $80,000,000 Nov 2022 189,861 SF
1001 Jones, Reno, NV 89503-5512 $1,000,000 Oct 2022 2,600 SF
757 7th, Reno, NV 89503-3681 $925,000 Apr 2019 6,911 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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