1225 Westfield Ave Reno, NV 89509-1800
Property Lookup
Property profile & analytics
1225 Westfield Ave Reno, NV 89509-1800
- Medical Office Space
- 15,960 SF
- 0.66 lot acres
Property ID
US62-1244252
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
- Gerber Medical Clinic / Medical Clinic
- Good Elephant at the Gerber Clinic / Gym & Fitness Center
- Chapter 13 Trustee Office / Law Firm
- Gerber Josh / Employment Agency
- Robert Floyd, MD / Physician
Property Details for 1225 Westfield Ave
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 lot acres
- Property size
- 15,960 SF
- Zone code
- NC
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 010-201-02
- APU
- 1020102
Description
This exceptional two-story, 15,960 square foot medical office building in Reno, Nevada, presents a compelling investment opportunity. Priced at $3,400,000, it boasts a 7.02% cap rate and a strong net operating income of $238,847, reflecting a 94% occupancy rate. The property features four tenants, including a partial leaseback to Gerber Medical Clinic for three years (negotiable at closing), providing immediate and stable cash flow. Three smaller vacancies offer potential for NOI growth. Built in 1963, the Class C building sits on a 0.66-acre lot with 45 parking spaces and is zoned NC. The gross lease structure includes 3% annual rent bumps. The building comprises seven units across two stories and is located at 1225 Westfield Avenue, Reno, NV 89509, offering convenient access to California Avenue, Booth Street, downtown Reno, and the Truckee River. This stabilized investment is an excellent opportunity for investors seeking a strong return in a desirable Reno location. The property's central location between Reno High School and Shops at the Village shopping center adds to its appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.828
- Latitude
- 39.5161
- 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
$14,255
$145,906
$264,038
$409,944
-
$416,875
$754,395
$1,171,270
