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Property profile & analytics
OFF-MARKET
Estimated value
$5,390,000
Office buildings
8790 Double Diamond Pkwy Reno, NV 89521-4844
Entity Owned
~
Est. High Equity
Property ID
US62-1301158
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
WOOD
Total area
14,552 SF
Lot
4.36 ac (189,922 SF)
Zoning code
PD
APN
163-090-29
UPID
US62-1301158
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
-
US Drug Enforcement Administration Federal Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$5.39M
Owner & transaction history
Summerhill Plaza Partners LLC
Summerhill Plaza Partners LLC
since 2025
Last sale
$6.1M
5 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+95.0%
Restaurant
$6.0M
+49.7%
Neighborhood: shopping center
$5.8M
+47.0%
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%
$4,575,000
6.5%
$4,220,000
7%
$3,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,980,000
Current use
COMMERCIAL (GENERAL)
$7,755,000
Change: +95% · Conversion: Easy
RESTAURANT
$5,955,000
Change: +50% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,845,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$5,080,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,895,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,805,000
Change: +21% · Conversion: Easy
RETAIL STORES
$3,740,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$5.39M
Range $4.85M – $5.93M · ±10% · vs last sale $6.10M (Jul 8 2025)
Last sale anchor
$6.10M
Jul 8 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
$370 / 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
$52,385
Tax year 2023
Assessed value
$1,487,089
Assessed 2023
Previous assessed
$1,324,227
+12.3% YoY
Effective rate
3.52%
On assessed value
Assessed land
$598,251
Assessed improvement
$888,838
Land market value
$1,709,289
Improvement market value
$2,539,537
Total market value
$4,248,826
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
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
14,552 SF
Lot
4.36 ac (189,922 SF)
Zoning code
PD
APN
163-090-29
UPID
US62-1301158
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
OFFICE BUILDING Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RESTAURANT
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
4.36 ac
Current owner
From public records · entity-resolved
Summerhill Plaza Partners LLC
Entity
Mailing address
5655 S YOSEMITE ST STE #301, GREENWOOD VILLAGE, CO 80111-3221
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
Oct 8, 2025
$6,100,000
Summerhill Plaza Partners LLC
Glenbrook Robertson LLC
Bargain & Sale Deed
$2,750,000 · Symetra Life Insurance Co
Aug 21, 2015
—
Glenbrook Robertson LLC
Robertson 1983 Trust
Quit Claim Deed
related
—
Sep 2, 2004
$9,901,500
Robertson 1983 Trust
Cbar 14 LLC
Grant Deed
$1,300,000 · Business Bank Of Nevada
Aug 3, 2004
—
Cbar 14 LLC
Cbar 12 LLC
Quit Claim Deed
related
—
—
—
Robertson 1983 Trust
—
Deed Of Trust
related
$1,050,000 · Symetra Life Insurance Co
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.
Try Rey
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