Property profile

5905 S Virginia St Reno, NV 89502

FOR LEASE
Banks
Property ID
US62-0238199
31,174 SF 3.37 ac lot Built 1990
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, located at 5905 S Virginia St, Reno, NV 89502, offers 9,690 square feet of immediately available space in a variety of configurations ranging from 3,832 to 5,857 contiguous square feet. The three-story, 29,616 square foot building, constructed in 1990 and renovated in 2024, boasts two passenger elevators and ample surface parking (4 spaces per 1000 square feet). Situated on a 3.37-acre lot, this property enjoys outstanding visibility from South Virginia Street and I-580/US 395, with potential for building and monument signage. Its prime location across from Meadowood Mall provides easy access to major thoroughfares, public transportation, numerous amenities, and restaurants. The full-service lease rate of $1.85 per square foot per month (excluding suite janitorial) is highly competitive for the Meadowood submarket. The building is professionally managed and well-maintained, offering a desirable environment for businesses seeking a prestigious address in Reno. The building features a Bank of America branch on the ground floor.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1990
Construction WOOD
Total area 31,174 SF
Lot 3.37 ac (146,754 SF)
Zoning code MU
APN 040-141-31
UPID US62-0238199

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
  • Loan Service Bank
  • Real Estate Agency
  • Big Box & Wholesale Store Distribution Center
  • Real Estate Agency
  • Atm

Location

5905 S Virginia St Reno, NV 89502
Reno metro Census 1012 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$915k

Owner & transaction history

since 2013
3 recorded transactions
2013
$1.6M
2002
$5.1M
1969
Price N/A

Zoning & alternative use

MU · Reno, NV
Zoning description

The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired.…

General category MIXED_USE

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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