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Property profile & analytics

245 Liberty St Reno, NV 89501

  • Office buildings
  • 48,034 SF
  • 0.66 lot acres
For Sale
Last Sale
Apr 30, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US62-0464302
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.

Current Use by Public Records

  • Stan Goodin / Life Insurance Agency
  • Alexander Elaine CPA / Accountant
  • Redmon Terry J CPA / Certified Public Accountant
  • Michelle Mckee, RN / Registered General Nurse
  • Government Social Media LLC / Training Centre / Service Establishment

Property Details for 245 Liberty St

Year built
1981
Construction
FRAME
Lot size
0.66 lot acres
Property size
48,034 SF
Zone code
MDRD
Property type
Office buildings
APN
011-176-09
APU
1117609

Description

This exceptional offering presents eight meticulously renovated office condos within a single, five-story building at 245 E Liberty St, Reno, NV 89501. Situated in the heart of downtown Reno, this Class B property boasts a prime location, offering unparalleled convenience and accessibility. Completed in 1981 and extensively renovated in 2022, the building features over a million dollars in recent improvements, encompassing exterior enhancements, modernized common areas, and fully renovated individual units. The property includes a gated underground garage and ample surface parking, ensuring convenient parking for owners and clients alike. Units range from 963 to 11,971 square feet and are available in either turnkey or shell condition, allowing for customization to suit individual needs. Many units offer full-floor layouts with 360-degree views, private restrooms, and controlled elevator access. The building's central location provides easy access to I-80 and Highway 580, connecting to the entire Reno/Sparks area, and its proximity to city, state, and federal courthouses is a significant advantage. On-site storage units are also available for purchase. The property is zoned MD-RD and offers a unique opportunity to combine the benefits of property ownership with the convenience of a downtown Reno location. Ownership is fee simple, subject to final approval of the condo map from the City of Reno. This is a NNN investment opportunity with multi-tenancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $980,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.808
Latitude
39.5231
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
$60,261
$192,092
$1,678,663
$1,870,755
-
$548,834
$4,796,179
$5,345,013
More about this property
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