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    515 Double Eagle Ct Reno, NV 89511

    Sponsored
    For Sale
    $3,750,000

    14,169 SF Office Building, 6% Cap Rate

    Property size:
    14,169 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stabilized Class B office building, located at 515 Double Eagle Ct in Reno, Nevada, offers a compelling investment opportunity. The 14,169 square foot, two-story building sits on a 0.808-acre lot and boasts 100% occupancy with a 23-month weighted average lease term (WALT). Built in 1998, this single-unit property features a modern facade and is situated in the desirable South Meadows area, providing excellent freeway visibility from Highway 395. The property's permitted zoning is PD, and its assessed parcel number (APN) is 163-062-09. Ample parking is available, and the suite sizes are considered desirable. The asking price is $3,750,000, representing a 6.00% capitalization rate. This presents a strong potential for future owner-user occupancy, while the current high occupancy ensures immediate stable cash flow. The property's location amongst upscale comparable assets further enhances its investment appeal.

    Property Features for 515 Double Eagle Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,169 SF
    Class
    B
    Lot Size
    35,196 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Two‑story, multi‑tenant office building totaling 14,169 square feet.
    • Strong potential for future owner‑user occupancy.
    • Excellent location in Reno's South Meadows with Highway 395 visibility.
    • 23‑month weighted average lease term (WALT) and 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yardi Kube Software Company BBSI Reno Recruiter L. Lance Gilman ... Real Estate Agency Tahoe-Reno Industrial Center Transportation Service Rogers Jennifer K Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7641895
    Latitude
    39.4412716

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    FAQs

    What type of property is this?
    Office Property / Space - 14,169 SF Office Building, 6% Cap Rate
    Where is this office property / space located?
    The property is located at 515 Double Eagle Ct Reno, NV.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Two-story, multi-tenant office building totaling 14,169 square feet.; Strong potential for future owner-user occupancy.; Excellent location in Reno's South Meadows with Highway 395 visibility.
    (775) 386-9727
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    515 Double Eagle Ct Reno, NV 89511
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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
    515 Double Eagle Ct Reno, NV 89511
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