Reno Medical Office For
10619 Professional Cir Reno, NV
For Sale
Contact for pricing
Medical office building in Reno, Nevada, near medical centers.
Property Size17,631 SF
Lot Size2.01 Acres
Price / SF$570.30
Days on Market366
Property Features for 10619 Professional Cir
General Information
- Standard status
- Active
- Size
- 17,631 SF
- Lot size
- 2.01 Acres
- Property subtype
- OFFICE
Listing Agency:
Logic Commercial Real Estate | Reno
(775) 386-9727
Listed By:
Mike Keating
(775) 386-9727
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Logic Commercial Real Estate | Reno
Investment Insights
Based on property information with market context.
The property at 10619 Professional Circle, located in south Reno, is a medical office building with approximately 17,631 square feet of space. The building is currently leased by Gastroenterology Consultants and features a full endoscopy center. Situated on a parcel of approximately 2.01 acres, the property offers ample parking and visibility from US Highway 395. The location is near Renown’s South Meadows Medical Center and the Northern Nevada Sierra Medical Center. The surrounding area within a 5-mile radius has a population of approximately 100,890 people, with an average annual household income of approximately $141,110.
Key Highlights
- Solely leased by Gastroenterology Consultants, offering a full endoscopy center
- Located in South Reno, near Renown’s South Meadows Medical Center and Northern Nevada Sierra Medical Center
- High visibility from US Highway 395
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $509.9k | $28.92 |
| − Vacancy | −$94.3k | −$5.35 |
| EGI | $415.6k | $23.57 |
| − OpEx | −$103.9k | −$5.89 |
| NOI | $311.7k | $17.68 |
17,631 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.45M
$3.90M – $5.19M
NOI $311,669 @ 7.0% cap · market cap 3.10%
Second Best
Healthcare Medical
$3.91M
$3.42M – $4.56M
NOI $273,855 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,356 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eric Osgard
Physician
Jay Krishnan
Physician
Anna Kerfoot
Physician
Liver Transplant Program ...
Medical Clinic
Dr. Tom Fang
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical office building in Reno, Nevada, near medical centers.
Where is this medical office space located?
The property is located at 10619 Professional Cir Reno, NV.
What is the asking price?
The asking price for this property is $10,055,000.
What are key features of this property?
This property features: Solely leased by Gastroenterology Consultants, offering a full endoscopy center; Located in South Reno, near Renown’s South Meadows Medical Center and Northern Nevada Sierra Medical Center; High visibility from US Highway 395
