Property profile

5990 Silver Lk Rd Reno, NV 89506

OFF-MARKET
Medical Office Space
Property ID
US62-0520465
5,218 SF 0.52 ac lot Built 1988
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 5,218 square foot medical office building presents a unique owner-user opportunity in Reno, Nevada. Located at 5990 Silver Lake Rd, this single-story, standalone building sits on a 0.542-acre lot and boasts a desirable MS zoning designation. Constructed in 1988, the property features a complete medical build-out, making it ideal for immediate occupancy. The asking price is $1,700,000, translating to $325.80 per square foot. The property's multi-tenancy configuration offers flexibility for both investment and owner-occupancy scenarios. Its location within a high-traffic corridor, coupled with significant ongoing surrounding development, ensures strong visibility and future growth potential. Ample parking is available, catering to both patients and staff. The smaller suite sizes within the building are particularly attractive for investors seeking diversified income streams or owner-occupants looking to expand their practice. The property's APN is 550-020-33, and it's situated in the rapidly growing submarket of Washoe County, Nevada, zip code 89506. This is a rare opportunity to acquire a well-established medical office building in a prime location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction WOOD
Total area 5,218 SF
Lot 0.52 ac (22,814 SF)
Zoning code MS
APN 550-020-33
UPID US62-0520465

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

5990 Silver Lk Rd Reno, NV 89506-2303
Reno metro Census 2614 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$270k

Owner & transaction history

since 2025
Last sale
$3.9M
5 recorded transactions
2025
$1.4M
2025
$3.9M
2017
$1.3M
2014
$900,000
2010
Price N/A

Zoning & alternative use

MS · Reno, NV
Zoning description

The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban…

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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