Freestanding Professional Office
6195 Ridgeview Ct, Reno, NV 89519
For Sale
New
$4,593,000
Modified Gross leases provide an existing tenancy structure, with additional space expected to open for occupancy at closing.
Property Size15,310 SF
Price / SF$379.27
Days on Market2
Property Features for 6195 Ridgeview Ct
General Information
Standard status
Size
Class
Property subtype
Additional Details
Utilities to Site
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Dickson Commercial Group
Listed By:
Travis Hansen · License NV S.170076, NV PM166389
(775) 624-3957
Source:
Corfac
Added: Nov 12
Last Checked: Nov 12 at 2:55PM
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 Dickson Commercial Group
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Investment Insights
Based on property information with market context.
Built in 1999, this freestanding professional office property is configured for multiple tenants. Approximately 12,110 SF is expected to be available at closing. Existing leases are Modified Gross, and the property includes 800 amp, 208V, 3-phase power; buyers should verify the electrical specifications.
The building is on Ridgeview Ct in Reno, near Lakeside Drive and Plumas Street. Current occupancy includes JWL CPA, Triforta Insurance, and Prize Indemnity Holdings, which intends to vacate. The property is presented for sale with an owner-user opportunity and in-place income.
The building is on Ridgeview Ct in Reno, near Lakeside Drive and Plumas Street. Current occupancy includes JWL CPA, Triforta Insurance, and Prize Indemnity Holdings, which intends to vacate. The property is presented for sale with an owner-user opportunity and in-place income.
Key Highlights
- Approximately 12,110 SF expected to be available at closing
- Freestanding, multi‑tenant professional office building built in 1999
- Existing Modified Gross leases and in‑place income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,073
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,281,460
$4.3M
Cap Rate 7%
$3,058,186
$3.1M
Cap Rate 9%
$2,378,589
$2.4M
Market Conditions
NOI Build-Up for 12,110 SF
Gross rent
$350.2K $28.92/SF
− Vacancy
−$64.8K −$5.35/SF
EGI
$285.4K $23.57/SF
− OpEx
−$71.4K −$5.89/SF
NOI
$214.1K $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%
$4,281,460
Cap Rate 7%
$3,058,186
Cap Rate 9%
$2,378,589
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,073 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.27M – $4.35M
NOI $261,250 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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Business Placement
Demographics for 89519, NV
9,610
Population
4,137
Households
2.3
Avg Household Size
50
Median Age
59%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
1,478
Density / Sq Mi
$155,439
Median Household Income
$63,227
Median Earnings
$1,964
Median Rent
$869,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Reno, NV
Properties on Market for Office buildings in Reno
Vacancy Rate% for Office in Reno, NV
Frequently Asked Questions
What type of property is this?
Office building - Modified Gross leases provide an existing tenancy structure, with additional space expected to open for occupancy at closing.
Where is this office building located?
The property is located at 6195 Ridgeview Ct Reno, NV.
What is the asking price?
The asking price for this property is $4,593,000.
What are key features of this property?
This property features: Approximately 12,110 SF expected to be available at closing; Freestanding, multi‑tenant professional office building built in 1999; Existing Modified Gross leases and in‑place income
