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    1121 University Ter Reno, NV 89503

    For Sale
    $1,040,000

    Completely remodeled office building with ample parking and secured storage.

    Property size:
    2,289 SF
    Lot size:
    0.42 Acres

    Property Features for 1121 University Ter

    General Information

    Size
    2,289 SF
    Lot size
    0.42 Acres

    Source: Colliers | Reno Agent Melissa Molyneaux, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Reno Office Building

    Located off Keystone Avenue in Northwest Reno, this property offers access to I-80, residential areas, the University of Nevada, and downtown Reno. The structure, built in 1949, underwent a complete remodel in 2020 by the current owner. Renovations included transforming the space into a design studio and office for a custom construction company, along with a new metal roof, new heating and plumbing, a new garage door, a new retaining wall in the rear, a new security gate for the rear of the property, a full interior renovation, and an addition to the property. The building has 2,289 square feet and sits on a 0.42-acre lot. Zoned Professional Office (PO), the property features ample parking with 6+ spaces in the front, as well as a secured rear area for additional parking or storage. Additionally, there is a finished 420 square foot garage and a custom outdoor patio area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bridges Construction Reno Bathroom Remodeler

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8317618
    Latitude
    39.5322647

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    FAQs

    What type of property is this?
    Office building - Completely remodeled office building with ample parking and secured storage.
    Where is this office building located?
    The property is located at 1121 University Ter Reno, NV.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: - Completely remodeled in 2020 with extensive renovations including a new metal roof, new heating and plumbing, new garage door, new retaining wall, new security gate, full interior renovation and an addition.; - Excellent location off Keystone Avenue in Northwest Reno with outstanding access to I-80, residential housing, the University of Nevada, and downtown Reno.; - Zoned Professional Office (PO) offering versatile usage possibilities.
    (775) 762-7990
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    1121 University Ter Reno, NV 89503
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    Reno, NV 89503
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    Realmo Value Estimation

    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.

    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.

    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
    1121 University Ter Reno, NV 89503
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