5200 Neil Rd Reno, NV 89502
Property profile & analytics
5200 Neil Rd Reno, NV 89502
- Office buildings
- 11,940 SF
- 1.03 lot acres
Property ID
US62-0396617
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
- Retirement Rollover Planning Services, LLC / Financial Advisor
Property Details for 5200 Neil Rd
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 1.03 lot acres
- Property size
- 11,940 SF
- Zone code
- MU
- Property type
- Office buildings
- APN
- 025-371-28
- APU
- 2537128
Description
This exceptional 11,940 square foot, two-story office building is situated on a 1.03-acre lot in Reno, Nevada's desirable Meadowood submarket. Built in 1988, the Class C property (APN 025-371-28) is zoned MU and offers a freestanding structure with ample parking, catering to diverse user needs. The functional interior layout includes multiple private offices, an open bullpen area, a convenient interior break room, and a dedicated conference room. Its strategic location along S McCarran Blvd provides easy freeway access, enhancing its appeal for businesses seeking convenient commutes and accessibility. The asking price for this owner-user investment opportunity is $3,900,000. This property presents a compelling opportunity for businesses seeking a well-maintained, functional office space in a prime Reno location. The building's single-building structure simplifies management and maintenance, while its ample parking ensures convenience for employees and clients alike. The property's zoning allows for a variety of potential uses, making it a versatile investment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,750,000
- 6.5%
- $3,465,000
- 7%
- $3,215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,701,000
- AI Estimate
- $2,449,000
Market price range: $1.30M - $4.17MMarket price range: $491k - $3.94M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,690,000 Current use
- MEDICAL BUILDING
- $4,165,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $3,940,000 Change: +46% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,820,000 Change: +42% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $3,290,000 Change: +22% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.778
- Latitude
- 39.4754
- 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
$19,181
$172,761
$373,793
$546,554
-
$493,603
$1,067,979
$1,561,582
