Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    961 Kuenzli St Reno, NV 89502-1160
    Back to Search
    Property profile & analytics

    961 Kuenzli St, Reno, NV 89502-1160

    View on Map
    • Assisted living facilities
    • 30,139 SF
    • 3.30 lot acres
    Off-Market
    Property ID
    US62-0739322
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advanced Health Care of Reno / Rehabilitation Center

    Property Details for 961 Kuenzli St

    Year built
    2016
    Construction
    WOOD
    Lot size
    3.30 lot acres
    Zone code
    MU
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    012-051-29
    APU
    1205129

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2019 $11,850,481 Reno Rp Snf LLC Boyer Reno Nf LLC Bargain And Sale Deed $21.7M · Berkadia Commercial Mortgage LLC
    Oct 22, 2014 — Boyer Reno Snf Lc — Trustees Deed · related $6.5M · Zions First Nat'l Bk
    — — Boyer Reno Snf Lc — Loan Modification · related $8.2M · Zions First Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,610,000
      Current use
      RETAIL STORES
      $2,705,000
      Change: +68% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.795
    Latitude
    39.5293
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $101,310
    $748,388
    $2,303,862
    $3,052,250
    -
    $2,138,252
    $6,582,464
    $8,720,716

    Comparable in this City

    • Value Estimation by Request
      8,060 SF

      323 Maine St

      HOMES (RETIRED, NURSING)
      323 Maine St, Reno, NV 89502-1462
      View Details
    • Value Estimation by Request
      5,816 SF

      395 Gould St

      HOMES (RETIRED, NURSING)
      395 Gould St, Reno, NV 89502-1434
      View Details
    • Value Estimation by Request
      3,690 SF

      395 Gould St, Unit C

      HOMES (RETIRED, NURSING)
      395 Gould St, Reno, NV 89502-1434
      View Details
    • Value Estimation by Request
      4,253 SF

      1290 Ml St

      HOMES (RETIRED, NURSING)
      1290 Ml St, Reno, NV 89502-1410
      View Details
    • Value Estimation
      $1,980,000
      43,907 SF

      1920 Harvard Way

      HOMES (RETIRED, NURSING)
      1920 Harvard Way, Reno, NV 89502-3682
      View Details
    • Value Estimation
      $2,355,000
      57,552 SF

      1495 Ml St

      HOMES (RETIRED, NURSING)
      1495 Ml St, Reno, NV 89502-1479
      View Details

    Similar Nearby for Sale

    • $4,299,000
      21,165 SF

      Reno Medical Office Building Investment

      21,165 SF Medical Office, High Occupancy
      850 Mill St, Reno, NV 89502
      View Details
    • Contact for pricing
      1,696 SF

      Turnkey Dental Office in Reno

      Fully built-out dental office space available for sublease.
      5220 Neil Rd, Reno, NV 89502
      View Details
    • $3,500,000
      9,586 SF

      Renovated Office/Retail/Flex Building

      Two-story renovated building in Wells district with creative workspace.
      400 South Wells Ave, Reno, NV 89502
      View Details
    • New
      $1,350,000
      3,822 SF

      Reno Multifamily Investment Opportunity

      Nine-unit property near Midtown and Downtown Reno with income potential.
      747 Willow St, Reno, NV 89502
      View Details
    • Contact for pricing
      9,970 SF

      Industrial Property with Income Potential

      Industrial property featuring a fenced yard and cell tower leases.
      4616 Aircenter Cir, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr

      Office/Retail Complex with Open Spaces

      Office and retail spaces with flexible layouts and easy access.
      405-425 Gentry Way, Reno, NV 89502
      View Details
    • Contact for pricing
      220 SF

      Remodeled Office Space For Rent

      Historic brick building with parking in a great location.
      1479 S Wells Ave, Reno, NV 89502
      View Details
    • Contact for pricing

      McCarran Business Park For Lease

      Airport submarket location suitable for office, showroom, and warehouse uses.
      S Mccarran Blvd, Reno, NV 89502
      View Details
    • $2 SF/Yr

      Renovated Office Space on Plumb

      Newly renovated office space with excellent visibility and ample parking.
      602 East Plumb Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      1,576 SF

      Retail Space in Reno Center

      Retail space available in high-traffic, Costco-anchored shopping center.
      2000 Harvard Way, Reno, NV 89502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    961 Kuenzli St
    Reno, NV 89502-1160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    961 Kuenzli St, Reno, NV, 89502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!