Lemmon Valley shares a census designation with Golden Valley covering about 32.5 square miles north of Reno, and it contains the Swan Lake Nature Study Area, a wetland that supports a substantial bird population. The wetland is the clue: this is a closed basin, and water that arrives here does not drain away to a river.
Washoe County has remapped the Swan Lake and Silver Lake floodplains using more recent data and mapping techniques than the studies behind the previous maps, which dated from 2009. At Swan Lake the updated mapping puts roughly 154 residential properties inside the 1% annual chance floodplain: about 123 that were already in it, around 42 newly added, and about 11 removed. A small number of commercial and government properties were added as well. At Silver Lake around 50 residential properties are in the floodplain with none newly added and four removed.
For anyone thinking about finishing a basement here, that is the first thing to establish, and it has to be your parcel rather than your neighbourhood. A designation you remember from years ago may no longer be current, and it can have moved in either direction. It affects what is permitted, how it has to be built, and your insurance position.
Beyond flood mapping, the closed-basin character shows up in ordinary ways: how surface water moves during a fast melt, where an egress window well can safely go, and whether a sump and discharge route is worth building in while the slab is accessible.