5190 Neil Rd Reno, NV 89502
Property profile & analytics
5190 Neil Rd Reno, NV 89502
- Office buildings
- 106,823 SF
- 4.85 lot acres
Property ID
US62-0098063
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
- Schultz Financial Group Inc. - Wealth Management / Financial Advisor
- U.S. Bank-Cheryl Parino-Mortgage Loan Officer / Loan Service / Bank
- U.S. Bank-Mortgage Loan Officer-Wendy Rivera-Llanes / Loan Service / Bank
- U.S. Bank-Taylor Leathers-Mortgage Loan Officer / Loan Service / Bank
- U.S. Bank-Mortgage Branch Manager-Sharon Glacken / Loan Service / Bank
Property Details for 5190 Neil Rd
- Year built
- 1988
- Construction
- STEEL FRAME
- Lot size
- 4.85 lot acres
- Property size
- 106,823 SF
- Zone code
- MU
- Property type
- Office buildings
- APN
- 025-374-06
- APU
- 2537406
Description
This exceptional Class A office building, the US Bank Centre, offers 106,463 square feet of prime office space in Reno, Nevada's Meadowood submarket. Located at 5190 Neil Rd, 89502, this five-story building boasts stunning views, being the tallest office building outside of downtown Reno. The property features a variety of suite sizes, ranging from 1,704 to 7,190 contiguous square feet, with 27,469 square feet currently vacant. Multiple tenancy options are available. Built in 1989, the building includes 4 parking spaces per 1,000 square feet, accessible from four entrances, and passenger elevators. Amenities include a complimentary on-site gym with fitness equipment, men's and women's locker rooms, and showers. The strategic location offers easy access to US 395 and is situated near numerous restaurants and amenities, including the Meadowood Mall. The building enjoys a strong tenant mix, including prominent local and national businesses. Large windows in each suite provide abundant natural light and impressive views. Convenient access to S Virginia Street, McCarran Boulevard, US 395, and I-580 ensures seamless commutes. The 4.849-acre lot provides ample space and parking.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $33,570,000
- 6.5%
- $30,990,000
- 7%
- $28,775,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $28,107,000
- AI Estimate
- $25,480,000
Market price range: $11.6M - $37.4MMarket price range: $4.40M - $35.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $24,085,000 Current use
- RESTAURANT
- $43,700,000 Change: +81% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $42,915,000 Change: +78% Conversion: Difficult
- MEDICAL BUILDING
- $37,285,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $35,265,000 Change: +46% Conversion: Easy
- AUTO REPAIR, GARAGE
- $34,170,000 Change: +42% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $29,435,000 Change: +22% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.779
- Latitude
- 39.4763
- 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
$189,001
$960,664
$4,725,725
$5,686,389
-
$2,744,755
$13,502,072
$16,246,827
