170 S Virginia St Reno, NV 89501
Property profile & analytics
170 S Virginia St Reno, NV 89501
- Office buildings
- 17,459 SF
- 0.36 lot acres
Property ID
US62-0348946
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
- Storage Containers USA / Big Box & Wholesale Store / Shipping Company
- La Famiglia / Restaurant
- The Coconut Downtown / Restaurant
- AT&T U-verse / Telecommunications Service / Data Center
- Unwired Planet Inc / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 170 S Virginia St
- Year built
- 2009
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.36 lot acres
- Property size
- 17,459 SF
- Zone code
- MDRD
- Property type
- Office buildings
- APN
- 011-603-06
- APU
- 1160306
Description
This exceptional 7,388 square foot office space, located on the second floor of the State Street Plaza in Downtown Reno, offers a prime location with unparalleled visibility from South Virginia Street. Built in 2009, this two-story, 17,365 square foot mixed-use building boasts a blend of traditional and creative office space, perfect for a variety of businesses. The suite is elevator-served and features abundant natural light from large windows, providing phenomenal views. High-speed data, including fiber optic cable, is readily available. The building's convenient location places tenants within walking distance of Reno's entertainment, financial, and casino districts, as well as numerous restaurants and coffee shops. It's directly adjacent to the Pioneer Center for the Performing Arts. Parking is easily accessible with surface-level parking across South Virginia Street, reserved covered parking in an attached garage, and ample metered street parking nearby. A shared, professionally maintained boardroom with a wet bar is available for tenant use at no additional cost. The building's first floor houses popular retail establishments, adding to the vibrant atmosphere. The zoning is MUDR, and the APN is 011-603-06. This is a rare opportunity to secure a well-appointed office space in the heart of Downtown Reno.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,485,000
- 6.5%
- $5,065,000
- 7%
- $4,705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,945,000
- AI Estimate
- $3,436,000
Market price range: $2.70M - $5.95MMarket price range: $735k - $3.51M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,685,000 Current use
- RESTAURANT
- $7,295,000 Change: +56% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $7,015,000 Change: +50% Conversion: Difficult
- MEDICAL BUILDING
- $6,095,000 Change: +30% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,875,000 Change: +25% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $5,765,000 Change: +23% Conversion: Easy
- RETAIL STORES
- $4,490,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.811
- Latitude
- 39.5237
- 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
$39,871
$127,899
$919,525
$1,047,424
-
$365,425
$2,627,215
$2,992,640
