5250 S Virginia St Reno, NV 89502
Property profile & analytics
5250 S Virginia St Reno, NV 89502
- Office buildings
- 85,510 SF
- 4.21 lot acres
Property ID
US62-0091274
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
- Independent Financial Group, LLC / Financial Advisor
- United HealthCare / Big Box & Wholesale Store
- Capital Insurance Group / Insurance Agency
- Reno Fire Department Station 10 / Fire Station
- Unitek College Reno Campus / College / Nursing School
Property Details for 5250 S Virginia St
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 4.21 lot acres
- Property size
- 85,510 SF
- Zone code
- MU
- Property type
- Office buildings
- APN
- 025-372-37
- APU
- 2537237
Description
Corporate Pointe, a Class A office building in Reno's Meadowood submarket, offers 85,510 square feet of premium office space. Located at 5250 S Virginia St, at the corner of McCarran Blvd, this three-story building boasts excellent freeway visibility and signage. Built in 1987 and extensively renovated in 2018, the property features upscale finishes throughout. Currently, 12,994 square feet of space is available for lease in this multi-tenant building. Amenities include elevators and convenient access to retail, public transportation, and major roadways. The property is zoned MUCC and has a Washoe County APN of 025-372-37. New ownership and management are offering attractive tenant improvement packages. This prime location in the heart of Meadowood provides exceptional visibility and accessibility for businesses seeking a prestigious address in Reno, Nevada. The building's modern design and convenient location make it an ideal choice for a variety of businesses. The available space presents a unique opportunity for companies looking to establish or expand their presence in this thriving submarket.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $26,875,000
- 6.5%
- $24,805,000
- 7%
- $23,035,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,799,000
- AI Estimate
- $16,135,000
Market price range: $9.30M - $29.9MMarket price range: $3.52M - $28.2M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $19,280,000 Current use
- MEDICAL BUILDING
- $29,845,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $28,230,000 Change: +46% Conversion: Easy
- AUTO REPAIR, GARAGE
- $27,355,000 Change: +42% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $23,560,000 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
- -119.787
- Latitude
- 39.4752
- 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
$126,837
$866,518
$2,734,362
$3,600,880
-
$2,475,765
$7,812,463
$10,288,228
