5650 Riggins Ct Reno, NV 89502-6699
Property profile & analytics
5650 Riggins Ct Reno, NV 89502-6699
- Office buildings
- 15,381 SF
- 1.00 lot acres
Property ID
US62-0349059
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
- CA Medical Associates / Physician
- Greater Reno Church of Christ / Church
- Sierra Nevada Association of Realtors / Association / Organization / Real Estate School
- TourDSpace Reno - Tahoe / Photography Service / (Bike/Boat/Book/etc) Store
Property Details for 5650 Riggins Ct
- Year built
- 1998
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.00 lot acres
- Property size
- 15,381 SF
- Zone code
- MU
- Property type
- Office buildings
- APN
- 025-553-11
- APU
- 2555311
Description
This exceptional two-story office building, situated on a one-acre lot in Reno's desirable Meadowood submarket, presents a compelling investment opportunity. The 15,380 square foot building, constructed in 1998, features a Class C designation and boasts two suites. Currently, 3,552 square feet of vacant space is available, representing a significant portion of the building's total area. The minimum divisible space is 3,552 square feet, making it ideal for a single tenant or a smaller business seeking a substantial footprint. The building includes convenient amenities such as elevators. The available suite (Suite 101) offers a spacious reception area complete with a counter and cabinets, three large private offices, a kitchen, a storage room, and a sizable training room. The property's address is 5650 Riggins Ct, Reno, NV 89502, within Washoe County, and is identified by APN 025-553-11. This property is well-suited for traditional office use or medical office practices, offering a blend of functionality and prime location within the established Meadowood area. The building's size and layout provide flexibility for a variety of business needs.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,835,000
- 6.5%
- $4,460,000
- 7%
- $4,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,605,000
- AI Estimate
- $3,268,000
Market price range: $1.67M - $5.38MMarket price range: $633k - $5.08M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,470,000 Current use
- RESTAURANT
- $6,295,000 Change: +81% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $6,180,000 Change: +78% Conversion: Difficult
- MEDICAL BUILDING
- $5,370,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $5,080,000 Change: +46% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,920,000 Change: +42% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,240,000 Change: +22% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.776
- Latitude
- 39.4715
- 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
$25,027
$129,722
$599,702
$729,424
-
$370,634
$1,713,433
$2,084,067
