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Property profile & analytics

904 7th St Reno, NV 89503-2787

  • Office buildings
  • 4,172 SF
  • 0.33 lot acres
OFF-MARKET
Last Sale
Apr 29, 2021
$758,000
Value Estimations
$880,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US62-0360354
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.

Current Use by Public Records

  • Above All Massage LLC / Massage Therapist
  • SnowFox Systems / Computer Support And Services
  • Excellence Home Care Services / Home Health Care Service
  • Jack D Lawry & Associates / Real Estate Consultant
  • Helpful Hearts Home Care / Home Health Care Service

Property Details for 904 7th St

Year built
1981
Construction
WOOD
Lot size
0.33 lot acres
Property size
4,172 SF
Zone code
PO
Property type
Office buildings
APN
006-124-13
APU
612413

Description

This exceptional commercial property, located at 904 W 7th in Reno, Nevada, presents a compelling investment opportunity. The 0.33-acre lot houses a three-story office building totaling 4,172 square feet, complemented by a finished 2,086 square foot basement, for a combined 6,256 square feet of space. The property boasts recently completed renovations, including updated electrical and plumbing systems, ensuring modern functionality and efficiency. Its prime location on the 180 corridor offers excellent visibility and accessibility, with close proximity to the University of Nevada, Reno (UNR) and downtown Reno, providing a strong tenant pool and high potential for future growth. Currently, the building is fully occupied by long-term tenants on month-to-month leases, generating immediate and consistent cash flow. This turnkey investment is ideal for those seeking a stable, high-return property in a thriving Reno location. The property's size, location, and recent renovations combine to create a truly exceptional investment opportunity with significant upside potential. The existing month-to-month leases provide flexibility for future management and potential rent increases. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable area of Reno.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $745,000
    ML approach
    $780,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,310,000
    6.5%
    $1,210,000
    7%
    $1,125,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $915,000
    Market price range: $767k - $1.59M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,105,000
    Current use
    RETAIL STORES
    $1,075,000
    Change: -3% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.828
Latitude
39.5312
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
$5,778
$68,301
$92,230
$160,531
-
$195,146
$263,513
$458,659
More about this property
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