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Leased Office Building with Courtyards
For Sale
$7,834,101

1550 College Parkway, Carson City, NV 89706

Fully leased office property undergoing comprehensive interior improvements under a new seven-year state lease.

Property Size44,456 SF
Price / SF$176.22
Days on Market90

Property Features for 1550 College Parkway

General Information

Standard status Active
Size 44,456 SF
Property subtype Office
Listing Agency: CBRE - Reno
Listed By: Matt Grimes · License #0072644
Source: Cbre
Added: Jun 2 Changed: Aug 30 Last Checked: Aug 30 at 8:27PM

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 CBRE - Reno

Investment Insights

Based on property information with market context.

The 44,456-square-foot office building is fully leased to the State of Nevada, Department of Aging and Disability Services under a new 7-year lease. Interior improvements are underway, including 45 additional offices, LED lighting, updated restrooms, break room cabinetry and appliances, new flooring, fresh paint, window treatments, fire/life safety modernization, and substantial HVAC work.

Two central courtyards provide outdoor employee break areas, while mature landscaping surrounds the property within a professionally managed office complex. The building is located at 1550 College Parkway in Carson City, Nevada. The property was previously occupied by the State of Nevada, Department of Taxation for approximately 30 years with little to no vacancy.

Key Highlights

  • 44,456‑square‑foot office building at 1550 College Parkway, Carson City, NV 89706
  • 100% leased to the State of Nevada, Department of Aging and Disability Services
  • New 7 year lease in place

Property Analytics

Current Use

Taxation Department-Audit Division State Government Office Board Of Equalization-Tax Apls City Tax Office Taxation Department-Assessment Stand Tax Department

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

522
Businesses Nearby

Demographics for 89706, NV

20,778
Population
9,107
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
84%
High-School Grad
34.5 sq mi
ZIP Area
602
Density / Sq Mi
$63,653
Median Household Income
$38,859
Median Earnings
$1,174
Median Rent
$344,600
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office property undergoing comprehensive interior improvements under a new seven-year state lease.
Where is this office building located?
The property is located at 1550 College Parkway Carson City, NV.
What is the asking price?
The asking price for this property is $7,834,101.
What are key features of this property?
This property features: 44,456‑square‑foot office building at 1550 College Parkway, Carson City, NV 89706; 100% leased to the State of Nevada, Department of Aging and Disability Services; New 7 year lease in place
More about this property
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