901 2nd St Reno, NV 89502-1175
Property profile & analytics
901 2nd St Reno, NV 89502-1175
- Medical Office Space
- 40,136 SF
- 1.27 lot acres
Property ID
US62-0443464
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
- Renown Medical Group, Women's Health - Center F / Medical Clinic
- Sarah Margaret McKenzie, DO / Medical Clinic
- Amy Forsberg Condon, MD / Medical Clinic
- Myron W. Bethel, MD / Physician
- Sierra Nevada Nephrology: O'Neill Jr William MD / Physician / Medical Clinic
Property Details for 901 2nd St
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 1.27 lot acres
- Property size
- 40,136 SF
- Zone code
- MU
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 012-371-19
- APU
- 1237119
Description
Prime Reno location! This 1,310 sq ft auto shop, situated on a 0.213-acre lot at 901 W 2nd St, offers a unique investment or owner-user opportunity. Located in Reno's Neon Line District, this property boasts a 93 walk score and high visibility due to its corner location and significant traffic. Built in 1964, the single-story building features two roll-up doors and a large canopy, ideal for automotive use or redevelopment. The Mixed-Use Downtown Innovation District zoning (MD-ID) allows for diverse uses. Currently net-leased to MasterTech Automotive on a month-to-month agreement at $2,850 per month (tenant pays property taxes and utilities), this presents a strong cash flow potential. The property's size and zoning allow for significant expansion or redevelopment, capitalizing on the surrounding new high-density residential development. This is a rare chance to acquire a well-located property in a rapidly growing area of Reno, Nevada. The asking price is $975,000, with a price per square foot of $744.27. The APN is 011-011-05.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,390,000
- 6.5%
- $9,590,000
- 7%
- $8,905,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,431,000
Market price range: $1.74M - $10.1M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $14,010,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $13,250,000 Change: -5% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $12,840,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.798
- Latitude
- 39.5279
- 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
$88,223
$387,625
$2,202,326
$2,589,951
-
$1,107,500
$6,292,361
$7,399,861
