Property profile

557 California Ave Reno, NV 89509

OFF-MARKET
Office buildings
Property ID
US62-0047989
905 SF 0.16 ac lot Built 1930
Individually Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,102 square foot commercial property, situated on a 0.36-acre lot on historic California Avenue in Reno, Nevada, presents a rare investment opportunity. Originally constructed as a cottage, this two-story brick building has been thoughtfully adapted into a unique office space. Its charming character is undeniable, offering a blend of historical charm and modern adaptability. A significant advantage is the inclusion of a detached coachman's property, presenting the exciting possibility of developing an Accessory Dwelling Unit (ADU). The versatility extends beyond the main structure

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 905 SF
Lot 0.16 ac (6,863 SF)
Zoning code PO
APN 011-142-01
UPID US62-0047989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Counselor
  • Marriage Or Relationship Counselor Counselor
  • Psychotherapist

Location

557 California Ave Reno, NV 89509-1449
Reno metro Census 402 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2004
4 recorded transactions
2004
$320,000
1996
$121,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PO · Reno, NV
Zoning description

The PO district provides for office conversions and small office developments and is considered appropriate in transitional areas designated on the Master Plan or adjacent to residential districts.

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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