Medical Office
For Sale
Contact for pricing
435 West Plumb Lane, Reno, NV 89509
Medical office space suited to an owner-user operation.
Property Size5,564 SF
Price / SF$310.03
Days on Market59
Property Features for 435 West Plumb Lane
General Information
Standard status
Active
Size
5,564 SF
Property subtype
Office
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Landon Gonzalez · License #NV S.0179599
(775) 741-6397
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Nov 4 at 1:01PM
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
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Investment Insights
Based on property information with market context.
This medical office property offers 5,564 square feet for an owner-user seeking a dedicated professional setting. The property is located at 435 West Plumb Lane in Reno, Nevada 89509.
Key Highlights
- 5,564 square feet of medical office space
- Located at 435 West Plumb Lane, Reno, NV 89509
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,357
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,967,140
$2.0M
Cap Rate 7%
$1,405,100
$1.4M
Cap Rate 9%
$1,092,856
$1.1M
Market Conditions
NOI Build-Up for 5,564 SF
Gross rent
$160.9K $28.92/SF
− Vacancy
−$29.8K −$5.35/SF
EGI
$131.1K $23.57/SF
− OpEx
−$32.8K −$5.89/SF
NOI
$98.4K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,967,140
Cap Rate 7%
$1,405,100
Cap Rate 9%
$1,092,856
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,357 @ 7.0% cap · market cap 5.70%
Second Best
Healthcare Medical
$1.23M
$1.08M – $1.44M
NOI $86,423 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $120,033 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
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Market
Vacancy Rate% for Office in Reno, NV
Similar Off Market Nearby
- Klaich Animal Hospital Reno — 1990 S Virginia St, Reno, NV 89502
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space suited to an owner-user operation.
Where is this medical office space located?
The property is located at 435 West Plumb Lane Reno, NV.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 5,564 square feet of medical office space; Located at 435 West Plumb Lane, Reno, NV 89509
