Property profile

650 Sierra Rose Dr Ste A Reno, NV 89511

OFF-MARKET
Medical Office Space
Property ID
US62-0091670
4,239 SF 0.1 ac lot Built 2002
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, totaling 2,661 square feet, is ideally situated in Reno's Quail Corners South Park, conveniently located off McCarren Boulevard and Kietzke Lane. Built in 2002, this single-story, 1-unit property boasts a desirable executive, medical, or traditional office configuration. The building features a meticulously designed interior, showcasing unique architectural elements and high-end finishes, reflecting over $250,000 in recent upgrades. Currently 100% occupied under a gross lease, this property presents a compelling investment opportunity. The 0.062-acre lot is zoned PD and benefits from its proximity to the burgeoning Rancharrah Master Planned Community, offering a blend of residential, retail, and restaurant options. The asking price is $1,300,000, translating to $488.54 per square foot. The seller is open to considering owner financing. This property is surrounded by other medical office buildings, making it an excellent choice for medical professionals or investors seeking a stable, high-demand location. The building's single-story design and ample parking contribute to its overall appeal. This turnkey opportunity offers immediate income generation and significant long-term potential in a thriving Reno neighborhood.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction WOOD
Total area 4,239 SF
Lot 0.1 ac (4,259 SF)
Zoning code PD
APN 040-942-31
UPID US62-0091670

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
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Hair Salon
  • Physician

Location

650 Sierra Rose Dr Ste A Reno, NV 89511-2081
Reno metro Census 1012 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$751k
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

PD · Reno, NV

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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