888 2Nd StReno, NV 89503

Property Details for 888 2Nd St

Year built

1979

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

9,162 SF

Zone code

MDPD

Property type

Office buildings

APN

011-014-15

APU

1101415

Description

This exceptional executive office space, located in Reno's vibrant downtown core, offers 2,026 square feet of versatile space, divisible into units ranging from 337 to 725 contiguous square feet. Currently, the entire 2,026 square feet is vacant and ready for immediate occupancy. Built in 1979, the property is zoned MD (Mixed-Use Downtown University District) and boasts ample unassigned parking, supplemented by convenient street parking. The building's location provides easy access to a variety of nearby amenities, including numerous coffee shops and restaurants, catering to the needs of both employees and clients. The flexible layout allows for customization to suit diverse business requirements, offering potential for expansion to accommodate future growth. High-speed internet access is available, and tenants can utilize shared facilities such as a breakroom and conference room. The property's Washoe County APN is 011-014-15. This is an excellent opportunity to establish a presence in a thriving downtown Reno location. The address is 888 W 2nd Street.

• CAP approach

  CAP return

  Valuation

  6%

  $2,072,130

  6.5%

  $1,912,740

  7%

  $1,776,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,098,010

  Geo Method

  $2,098,010

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,865,640

  Retail / Commercial

  $1,962,720

  Mixed-Use / Specialty

  $1,940,310

  Hospitality / Lodging

  $1,403,480

  Institutional / Educational

  $2,011,640

  Residential Income

  $2,353,610

  Multifamily

  $2,908,230

  Automotive / Energy

  $1,724,260

  Parking / Income-Based Land

  $610,247

  Restaurant / Food Service

  $976,283

  Healthcare / Senior Housing

  $2,005,560

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5246

Longitude

-119.824

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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