557 California Ave Reno, NV 89509
- Office buildings
- 905 SF
- 0.16 lot acres
Current Use by Public Records
- Lane Christine / Family Counselor
- Thomas Lavin / Marriage Or Relationship Counselor / Counselor
- EASEAP / Psychotherapist
Property Details for 557 California Ave
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 905 SF
- Zone code
- PO
- Property type
- Office buildings
- APN
- 011-142-01
- APU
- 1114201
Description
This exceptional 2,102 square foot commercial property, situated on a 0.36-acre lot on historic California Avenue in Reno, Nevada, presents a rare investment opportunity. Originally constructed as a cottage, this two-story brick building has been thoughtfully adapted into a unique office space. Its charming character is undeniable, offering a blend of historical charm and modern adaptability. A significant advantage is the inclusion of a detached coachman's property, presenting the exciting possibility of developing an Accessory Dwelling Unit (ADU). The versatility extends beyond the main structure
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $350,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $320,000
- Mixed-Use
- $315,000
- Hospitality
- $280,000
- Educational
- $360,000
- Residential Income
- $260,000
- Energy
- $360,000
- Income-Based Land
- $325,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.819
- Latitude
- 39.5203
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA