540 Plumb Ln Reno, NV 89509-3467
Property profile & analytics
540 Plumb Ln Reno, NV 89509-3467
- Office buildings
- 7,621 SF
- 0.17 lot acres
Property ID
US62-0421445
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
- Katherine A. Martin, LCSW / Counselor / Family Counselor
- Stewart Title Company - Midtown Reno / Title Company
- Dr. Ayse Yasar / Physician
- Dr. Thelinh Nguyen / Physician / Hospital
- Inner Garden Health LLC / Physician
Property Details for 540 Plumb Ln
- Year built
- 2004
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 7,621 SF
- Zone code
- SPD
- Property type
- Office buildings
- APN
- 019-511-01
- APU
- 1951101
Description
This exceptional 7,621 square foot office building, constructed in 2004, presents a fantastic leasing opportunity in Reno's Airport submarket. Located at 540 W Plumb Lane, at the corner of Arlington Avenue, this single-story Class B property offers a versatile space ideal for traditional office, medical office, or executive office uses. Currently, 2,891 square feet are available for lease within this multi-tenant building. The property boasts a contemporary design and benefits from its strategic location within the Plumgate Center, a mixed-use development featuring a variety of amenities including Starbucks, Champagne & Chocolate, and a UPS Store. The convenient location provides easy access to both Midtown and Downtown Reno, making it an attractive option for businesses seeking a central location with excellent accessibility. The property is zoned SPD and has an APN of 019-511-01. This is a rare opportunity to secure high-quality office space in a thriving Reno neighborhood. The available space is adaptable to various business needs, offering a blend of functionality and modern aesthetics. Don't miss this chance to establish your business in a vibrant and well-connected location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,395,000
- 6.5%
- $2,210,000
- 7%
- $2,055,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,784,000
- AI Estimate
- $1,585,000
Market price range: $1.58M - $3.18MMarket price range: $564k - $1.97M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,165,000 Current use
- RESTAURANT
- $3,120,000 Change: +44% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $3,060,000 Change: +42% Conversion: Difficult
- MEDICAL BUILDING
- $2,660,000 Change: +23% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,565,000 Change: +19% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,515,000 Change: +16% Conversion: Easy
- RETAIL STORES
- $1,960,000 Change: -9% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.816
- Latitude
- 39.5048
- 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
$18,519
$197,384
$353,346
$550,730
-
$563,954
$1,009,560
$1,573,514
