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    5200 Neil Rd Reno, NV 89502

    Sponsored
    For Sale
    $3,900,000

    11,940 SF Office Building, $3.9M

    Property size:
    11,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,940 square foot, two-story office building is situated on a 1.03-acre lot in Reno, Nevada's desirable Meadowood submarket. Built in 1988, the Class C property (APN 025-371-28) is zoned MU and offers a freestanding structure with ample parking, catering to diverse user needs. The functional interior layout includes multiple private offices, an open bullpen area, a convenient interior break room, and a dedicated conference room. Its strategic location along S McCarran Blvd provides easy freeway access, enhancing its appeal for businesses seeking convenient commutes and accessibility. The asking price for this owner-user investment opportunity is $3,900,000. This property presents a compelling opportunity for businesses seeking a well-maintained, functional office space in a prime Reno location. The building's single-building structure simplifies management and maintenance, while its ample parking ensures convenience for employees and clients alike. The property's zoning allows for a variety of potential uses, making it a versatile investment.

    Property Features for 5200 Neil Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,940 SF
    Class
    C
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    2

    HighLights

    • $3,900,000 asking price.
    • 11,940 square foot, Class C office building.
    • Two‑story building on a 1.03‑acre lot, built in 1988.
    • Located at 5200 Neil Rd, Reno, NV 89502 (APN 025‑371‑28).
    • Features multiple private offices, open bullpen, break room, and conference room.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement Rollover Planning ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.77868582455
    Latitude
    39.475473339367

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    FAQs

    What type of property is this?
    Office Property / Space - 11,940 SF Office Building, $3.9M
    Where is this office property / space located?
    The property is located at 5200 Neil Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: $3,900,000 asking price.; 11,940 square foot, Class C office building.; Two-story building on a 1.03-acre lot, built in 1988.
    Request Owner's contact information
    5200 Neil Rd Reno, NV 89502
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    Reno, NV 89502
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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
    5200 Neil Rd Reno, NV 89502
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