904 7th St Reno, NV 89503-2787
- Office buildings
- 4,172 SF
- 0.33 lot acres
Apr 29, 2021
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
-
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