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Property profile

15 Mccabe Dr Reno, NV 89511

FOR LEASE
Medical Office Space
Property ID
US62-0374401
21,504 SF 1.64 ac lot Built 2004
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,713 square-foot medical office suite, located at 15 McCabe Drive, Suite 100-103 in Reno, Nevada, is now available for lease. Situated in a Class B building constructed in 2004, this single-tenant space offers immediate occupancy. The property boasts a convenient location directly off S. Virginia Street in South Reno, providing excellent accessibility and visibility. The suite itself features a spacious reception area, ample open clinic space ideal for various medical practices, a convenient interior break room, and two restrooms. The building sits on a 1.64-acre lot and comprises a two-story structure with a total building area of 21,504 square feet. The property is zoned MS - MIXED-USE SUBURBAN, allowing for flexibility in potential uses. The address is 15 McCabe Drive, Reno, NV 89511, with the cross streets being S Virginia Street & McCabe Drive. The APN is 162-010-26. This turnkey space presents a fantastic opportunity for medical professionals seeking a well-appointed and conveniently located office.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,504 SF
Lot 1.64 ac (71,438 SF)
Zoning code MS
APN 162-010-26
UPID US62-0374401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Dental Office
  • Dental Office
  • Dental Office
  • Pediatrician Medical Clinic

Location

15 Mccabe Dr Reno, NV 89511
Reno metro Census 1011 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.33M
CAP Approach CAP
$5.14M
Comparable Approach Comparable
$7.61M
Blend (final) Blend
$8.13M

Owner & transaction history

since 2022
Last sale
$8.4M
5 recorded transactions
2022
$8.4M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MS · Reno, NV
Zoning description

The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban…

General category MIXED_USE
Top alternative use upside
Commercial (general) $11.5M +45.2%
Restaurant $8.8M +11.4%
Neighborhood: shopping center $8.6M +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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