3700 Barron WayReno, NV 89511

Property Details for 3700 Barron Way

Year built

2008

Construction

WOOD

Lot size

1.05 AC

Property size (Sq ft)

12,815 SF

Zone code

IC

Property type

Office properties

Property subtype

Office buildings

APN

164-391-02

APU

16439102

Description

This exceptional Class A office building, totaling 12,815 square feet, presents a unique investment opportunity in Reno, Nevada. Situated at 3700 Barron Way, this two-story building boasts high-end finishes and is ideally suited for owner-occupancy or multi-tenant use. Originally constructed in 2008 as a single-tenant corporate headquarters, the current layout offers three separate suites, providing flexibility for various occupancy scenarios. The property features convenient amenities including an elevator, two electric vehicle charging stations, and outdoor decks with stunning mountain views. Its prime location near the Northern Nevada Sierra Medical Center in the South Meadows submarket ensures excellent accessibility, with close proximity to Longley Lane, South McCarran Boulevard, and the Southeast Connector. The building is zoned IC and sits on a 12,815 square foot lot (APN: 164-391-02). The asking price is $4,500,000, translating to $351.15 per square foot. This represents a compelling opportunity to acquire a well-maintained, versatile office space in a thriving Reno location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,557,335

  6.5%

  $2,360,617

  7%

  $2,192,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,934,507

  Geo Method

  $2,934,507

• Alternative Use

  Use

  Valuation

  Residential

  $2,927,165

  Hospitality

  $2,681,268

  Educational

  $2,230,783

  Medical

  $2,307,503

  Retail

  $3,470,107

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4694

Longitude

-119.763

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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