Standalone Medical Office
For Sale
Contact for pricing
855 W 7th St, Reno, NV 89503
Standalone medical office building with extensive medical and dental buildout, private parking, and freeway visibility.
Property Size14,588 SF
Price / SF$196.39
Days on Market38
Property Features for 855 W 7th St
General Information
Standard status
Active
Size
14,588 SF
Property subtype
OFFICE
Building Details
Buildings
1
Listing Agency:
Logic Commercial Real Estate | Reno
(775) 386-9727
Listed By:
Mike Keating
(775) 386-9727
Source:
Moodyscre
Added: Jun 30
Changed: Jul 29
Last Checked: Aug 6 at 5:03AM
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
Investment Insights
Based on property information with market context.
855 W. 7th Street is a standalone medical office building featuring an extensive medical and dental buildout designed for healthcare use. The property includes a private parking lot, supporting on-site patient and staff parking.
The building is located near UNR and downtown Reno, with freeway visibility that can help drive awareness for prospective patients and visitors.
This is a single-asset medical office offering that may fit both owner-users and investors seeking an established healthcare-focused improvement.
The building is located near UNR and downtown Reno, with freeway visibility that can help drive awareness for prospective patients and visitors.
This is a single-asset medical office offering that may fit both owner-users and investors seeking an established healthcare-focused improvement.
Key Highlights
- Standalone medical office building with extensive medical and dental buildout
- Private parking lot on‑site
- Freeway visibility
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 | $421.9k | $28.92 |
| − Vacancy | −$78.0k | −$5.35 |
| EGI | $343.8k | $23.57 |
| − OpEx | −$86.0k | −$5.89 |
| NOI | $257.9k | $17.68 |
14,588 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.68M
$3.22M – $4.30M
NOI $257,877 @ 7.0% cap · market cap 9.00%
Second Best
Healthcare Medical
$3.24M
$2.83M – $3.78M
NOI $226,589 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$4.50M
$3.93M – $5.25M
NOI $314,709 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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- Dose's Pet Vets — 1350 Stardust St Ste. A, Reno, NV 89503
Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone medical office building with extensive medical and dental buildout, private parking, and freeway visibility.
Where is this medical office space located?
The property is located at 855 W 7th St Reno, NV.
What is the asking price?
The asking price for this property is $2,865,000.
What are key features of this property?
This property features: Standalone medical office building with extensive medical and dental buildout; Private parking lot on‑site; Freeway visibility
