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    5990 Silver Lake Rd Reno, NV 89506

    Sponsored
    For Sale
    $1,700,000

    Prime Medical Office, High-Traffic Area

    Property size:
    5,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 5,218 square foot medical office building presents a unique owner-user opportunity in Reno, Nevada. Located at 5990 Silver Lake Rd, this single-story, standalone building sits on a 0.542-acre lot and boasts a desirable MS zoning designation. Constructed in 1988, the property features a complete medical build-out, making it ideal for immediate occupancy. The asking price is $1,700,000, translating to $325.80 per square foot. The property's multi-tenancy configuration offers flexibility for both investment and owner-occupancy scenarios. Its location within a high-traffic corridor, coupled with significant ongoing surrounding development, ensures strong visibility and future growth potential. Ample parking is available, catering to both patients and staff. The smaller suite sizes within the building are particularly attractive for investors seeking diversified income streams or owner-occupants looking to expand their practice. The property's APN is 550-020-33, and it's situated in the rapidly growing submarket of Washoe County, Nevada, zip code 89506. This is a rare opportunity to acquire a well-established medical office building in a prime location.

    Property Features for 5990 Silver Lake Rd

    General Information

    Property type
    Medical offices
    Square Feet
    5,218 SF
    Lot Size
    23,610 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    HighLights

    • Abundant on‑site parking.
    • Owner‑user opportunity with existing rental income.
    • Medical office build‑out.
    • Small suites perfect for investors or owner‑occupants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Desert Valley Dental ... Dentist Eberle Joseph J ... Dentist Desert Valley Dental ... Dentist Dr. Robyn Goodman ... Dentist Sakelaris Angelo Physical Therapist

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8808724
    Latitude
    39.6253017

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High-Traffic Area
    Where is this medical office located?
    The property is located at 5990 Silver Lake Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Abundant on-site parking.; Owner-user opportunity with existing rental income.; Medical office build-out.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5990 Silver Lake Rd Reno, NV 89506
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