1695 Meadow Wood LnReno, NV 89502

Property Details for 1695 Meadow Wood Ln

Year built

1987

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

10,699 SF

Zone code

MU

Property type

Office properties

Property subtype

Office buildings

APN

025-551-12

APU

2555112

Description

This exceptional 1,350-square-foot office space, part of a larger 10,258-square-foot building, is ideally situated in Reno's Meadow Wood submarket at 1695 Meadow Wood Lane, near the intersection of Meadow Wood and Aircenter. The property, a Class B building constructed in 1987 and renovated in 2022, offers a traditional office layout perfect for a variety of businesses. Features include high (15-foot) ceilings, large windows providing ample natural light, a reception area, executive office, conference room, and open cubicle space. A private balcony provides an outdoor retreat. Parking is readily available with two covered spaces included, plus access to up to ten additional unreserved spots. The building sits on a half-acre lot and benefits from MU zoning. The address offers excellent signage opportunities due to its central location. This single-story building within a two-story structure is easily accessible and provides a functional and attractive workspace. The property's Multiple Tenancy allows for flexibility, with a minimum divisible space of 1,350 square feet and a maximum contiguous space of 1,350 square feet. The building features one suite. Elevator service is not available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,607,945

  6.5%

  $1,484,257

  7%

  $1,378,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,449,964

  Geo Method

  $2,449,964

• Alternative Use

  Use

  Valuation

  Residential

  $1,840,479

  Hospitality

  $1,685,868

  Educational

  $1,402,623

  Medical

  $1,450,861

  Retail

  $2,181,858

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4734

Longitude

-119.775

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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