151 Country Estates Cir Reno, NV 89511
- Office Properties & Spaces
- 6,716 SF
- 0.16 lot acres
Current Use by Public Records
- Sunshine Litigation Services and Technologies / Court Reporter / Conference Center
- Judge Janet Berry / Legal Services
Property Details for 151 Country Estates Cir
- Year built
- 2005
- Lot size
- 0.16 lot acres
- Property size
- 6,716 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional 6,716-square-foot freestanding office building in Reno, Nevada's Quail Estates Office Park, presents a compelling investment opportunity. Built in 2005, the single-story structure sits on a 0.16-acre lot and boasts a 100% occupancy rate with a national tenant, Veritext Legal Solutions, under a NNN lease extending through 2028. The property features a desirable creative/medical/traditional office layout, zoned PO, and offers a strong 6.00% cap rate based on a net operating income (NOI) of $161,184 and an asking price of $2,686,000. The current tenant is responsible for all operating expenses, including CAM, taxes, insurance, and maintenance. This is a turnkey investment ideal for a 1031 exchange, offering long-term stability and significant return potential. The property's address is 151 Country Estates Circle, Reno, NV 89511, with APN 043-331-06.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.783
- Latitude
- 39.456
