5566 Longley LnReno, NV 89511

Property Details for 5566 Longley Ln

Year built

2018

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

4,173 SF

Zone code

PO

Property type

Office properties

Property subtype

Office buildings

APN

164-440-28

APU

16444028

Description

This Class A, 4,253 square foot medical office building is situated in the highly desirable Longley Professional Campus in Reno, Nevada. Located at 5566 Longley Lane, this single-tenant property boasts a prominent corner location at the intersection of Longley Lane and Double R Boulevard, offering excellent visibility and accessibility. The building is directly across from the Northern Nevada Sierra Medical Center, providing convenient access to a major healthcare facility. The interior features a flexible floor plan, easily adaptable to various medical practices. The space includes 3-4 private offices, a spacious conference room, a large lobby/reception area, and an open area ideal for multiple workstations. The building does not have an elevator. This exceptional property offers a unique opportunity for medical professionals seeking a prestigious and well-located office space in a thriving medical corridor. The property is located in Washoe County, Nevada, with a zip code of 89511. The total building square footage is 4,253 square feet. The property is classified as a single-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $832,755

  6.5%

  $768,697

  7%

  $713,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,575

  Geo Method

  $955,575

• Alternative Use

  Use

  Valuation

  Residential

  $953,185

  Hospitality

  $873,112

  Educational

  $726,419

  Medical

  $751,402

  Retail

  $1,129,985

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4683

Longitude

-119.768

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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