Financial
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Property profile

5605 Riggins Ct Reno, NV 89502

OFF-MARKET
Medical Office Space
Property ID
US62-0375887
14,040 SF 1.04 ac lot Built 1995
Last sale Mar 2026 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This two-story, 14,040-square-foot office building in Reno's Meadowwood submarket offers multiple tenancy options, with 5,998 square feet currently vacant. Units range from a minimum of 1,477 square feet to a maximum contiguous space of 4,521 square feet, providing flexibility for various business needs. Built in 1995, the property features a contemporary design and is conveniently located near I-580 and major thoroughfares, including South McCarran Boulevard, South Virginia Street, and the

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$728k
Assessed land$135k
Assessed improvement$594k
Effective rate2.06%

Value estimate

· Sep 2026
$3.81M
$3.42M – $4.19M
AI approach$3.55M
CAP approach$3.36M
Submarket $/SF estimate$2.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$349/SF
Submarket average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$270 – $464

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MU
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned...
General categoryMIXED_USE
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.8
Parking Facility8.7
Travel Agency8.6

Location

5605 Riggins Ct Reno, NV 89502-6501
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
850 Ml, Reno, NV 89502-1413 $4,200,000 Dec 2025 21,165 SF
1055 Wls, Reno, NV 89502-2550 $7,225,000 Jan 2024 23,104 SF
525 Moana, Reno, NV 89502-4671 $1,638,178 Sep 2023 7,306 SF
475 Kirman, Reno, NV 89502-1907 $1,900,000 Aug 2022 8,310 SF
1175 Harvard, Reno, NV 89502-2106 $1,635,000 Dec 2021 8,235 SF
21 Locust, Reno, NV 89502-1316 $3,925,000 Sep 2021 23,670 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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