206 Virginia StReno, NV 89501

Property Details for 206 Virginia St

Year built

1934

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

34,514 SF

Zone code

MDED

Property type

Office properties

Property subtype

Office buildings

APN

011-052-33

APU

1105233

Description

This exceptional Reno office space at 206 N Virginia St offers a diverse range of flexible work solutions in the heart of Washoe County. The property caters to various business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for a variety of lease options to suit different company sizes and structures. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, including custom design options and disaster recovery solutions. Additionally, the location provides coworking areas, offering both dedicated desks and hot-desking arrangements. A comprehensive suite of meeting rooms is available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences. Virtual office options are also provided, including prestigious business addresses, mail handling services, and professional virtual assistant support. Flexible working plans offer access to a global network of workspaces, providing options for access to private offices or coworking spaces on a daily, weekly, or monthly basis. This prime location in Reno, Nevada (zip code 89501) offers a dynamic and adaptable workspace solution for businesses of all sizes and types. The property's versatility and central location make it an ideal choice for companies seeking a modern and convenient work environment. While the total building square footage is not currently available, the diverse range of options ensures a suitable space can be found to meet specific business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $6,211,904

  6.5%

  $5,734,066

  7%

  $5,324,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,903,361

  Geo Method

  $7,903,361

• Alternative Use

  Use

  Valuation

  Residential

  $7,110,242

  Hospitality

  $6,512,943

  Educational

  $5,418,692

  Medical

  $5,605,049

  Retail

  $8,429,076

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5272

Longitude

-119.813

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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