10619 Professional Cir Reno, NV 89521
Property profile & analytics
10619 Professional Cir Reno, NV 89521
- Medical Office Space
- 17,631 SF
- 2.01 lot acres
Property ID
US62-0385296
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Eric Osgard / Physician
- Jay Krishnan / Physician
- Anna Kerfoot / Physician
- Liver Transplant Program in Reno, 10619 Professional Circle / Medical Clinic
- Dr. Tom Fang / Physician
Property Details for 10619 Professional Cir
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.01 lot acres
- Property size
- 17,631 SF
- Zone code
- PD
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 160-060-28
- APU
- 16006028
Description
Exceptional investment opportunity featuring a portfolio of two Class B medical office buildings totaling 32,916 square feet, situated in prime Reno, Nevada locations. The portfolio is 100% occupied by GI Consultants under absolute NNN leases, offering significant long-term stability. 880 Ryland Street, a 15,285 square foot building constructed in 2007, is located in central Reno adjacent to the Renown Medical Campus, offering convenient access to downtown and ample parking on a 1.36-acre parcel. The lease has approximately 55 months remaining. 10619 Professional Circle, a 17,631 square foot building constructed in 2000, is located in South Reno, featuring a full endoscopy center and boasting excellent visibility from US Highway 395. This building sits on a 2.01-acre parcel with ample parking and is near Renown's South Meadows and the Northern Nevada Sierra Medical Center. The lease on this property has approximately 96 months remaining. Both properties benefit from MU and PD zoning. The asking price for this exceptional net lease investment is $21,064,000. This portfolio presents a compelling opportunity for investors seeking strong cash flow and long-term appreciation in a thriving medical market. The properties are single-story buildings with a combined total of two buildings.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,565,000
- 6.5%
- $4,215,000
- 7%
- $3,910,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.754
- Latitude
- 39.4263
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,504
$336,417
$1,160,095
$1,496,512
-
$961,191
$3,314,558
$4,275,749
