Entity Owned Property summary
This exceptional 3,724 square foot freestanding medical office building, located in Reno, Nevada, presents a unique investment opportunity. Built in 1975, this two-story building sits on a 0.28-acre lot and is zoned MU. The property is currently vacant and offers a single-tenant occupancy. The building boasts 14 parking spaces for convenient access. A significant advantage is the inclusion of approximately 3,500 square feet of basement storage, providing ample space for inventory or equipment. The building offers excellent street-front signage opportunities for high visibility. A promotional rate of $1.80 per square foot is available until December 31, 2024, representing a substantial savings compared to the original asking price. This translates to over $28,000 saved on a five-year lease. The property's proximity to Renown Medical Center makes it an ideal location for medical practices. The Assessor's Parcel Number (APN) is 012-122-23. This is a turnkey operation ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Pediatrician Medical Clinic
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Physician
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MU · Reno, NVThe 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.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Reno, NV.
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