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Property profile & analytics
FOR SALE
Medical Office Space

10619 Professional Cir Reno, NV 89521

17,631 SF 2.01 ac lot Built 2007
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US62-0385296
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,631 SF
Lot 2.01 ac (87,381 SF)
Zoning code PD
APN 160-060-28
UPID US62-0385296
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.22M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.19M
Owner & transaction history
Standing Stones Holdings LLC · 1 yrs held
Standing Stones Holdings LLC
since 2024
4 recorded transactions
2024
Price N/A
2015
Price N/A
2012
$5.5M
1969
Price N/A
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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