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Property profile & analytics
OFF-MARKET
Office Spaces

151 Country Estates Cir Reno, NV 89511

6,716 SF 0.16 ac lot Built 2005
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2005
Total area 6,716 SF
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sunshine Litigation Services and Technologies Law Firm
  • Judge Janet Berry Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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