Leased Medical Office with Two
5060 Meadowood Mall Cir Reno, NV 89502
For Sale
Contact for pricing
Fully leased NNN medical office property with two suites, including an 806 SF surgery center.
Property Size9,704 SF
Lot Size0.75 Acres
Price / SF$618.30
Days on Market155
Property Features for 5060 Meadowood Mall Cir
General Information
Standard status
Active
Size
9,704 SF
Lot size
0.75 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Reno
(775) 762-7990
Listed By:
Melissa Molyneaux, CCIM, SIOR · License #S.0200644
(775) 762-7990
Source:
Moodyscre
Added: Feb 24
Changed: Jul 27
Last Checked: Jul 29 at 4:08PM
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 Colliers | Reno
Investment Insights
Based on property information with market context.
5060 Meadowood Mall Circle is a fully leased, NNN medical office property built in 1983 with recent major remodels to both medical office suites. The building includes two tenants: Renew MD and Talbott Plastic Surgery. Within Talbott Plastic Surgery’s space, a recently constructed 806 SF surgery center is located inside the suite.
The property is positioned on S. McCarran Boulevard with easy access to S. Virginia Street and I-580, and it is situated just north of Meadowood Mall. It is across from Meadowood Mall, a one-level super-regional mall in Reno managed by Simon Property Group.
The offering includes additional shared parking with the neighboring bank building. The leases feature annual increases in base rent and include NNN terms with expenses passed through to the tenants.
The property is positioned on S. McCarran Boulevard with easy access to S. Virginia Street and I-580, and it is situated just north of Meadowood Mall. It is across from Meadowood Mall, a one-level super-regional mall in Reno managed by Simon Property Group.
The offering includes additional shared parking with the neighboring bank building. The leases feature annual increases in base rent and include NNN terms with expenses passed through to the tenants.
Key Highlights
- Fully leased NNN medical office investment with 2 suites: Renew MD and Talbott Plastic Surgery.
- Talbott Plastic Surgery built an 806 SF surgery center within their suite.
- 2026 estimated NOI: $262,351; generating over $262,000 per year in net income.
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 | $280.6k | $28.92 |
| − Vacancy | −$51.9k | −$5.35 |
| EGI | $228.7k | $23.57 |
| − OpEx | −$57.2k | −$5.89 |
| NOI | $171.5k | $17.68 |
9,704 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,541 @ 7.0% cap · market cap 2.86%
Second Best
Healthcare Medical
$2.15M
$1.88M – $2.51M
NOI $150,728 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,346 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- Lavach Dan DVM — 6427 S Virginia St, Reno, NV 89511
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased NNN medical office property with two suites, including an 806 SF surgery center.
Where is this medical office space located?
The property is located at 5060 Meadowood Mall Cir Reno, NV.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Fully leased NNN medical office investment with 2 suites: Renew MD and Talbott Plastic Surgery.; Talbott Plastic Surgery built an 806 SF surgery center within their suite.; 2026 estimated NOI: $262,351; generating over $262,000 per year in net income.
