557 California AveReno, NV 89509

Property Details for 557 California Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

905 SF

Zone code

PO

Property type

Office properties

Property subtype

Office buildings

APN

011-142-01

APU

1114201

Description

This exceptional 2,102 square foot commercial property, situated on a 0.36-acre lot on historic California Avenue in Reno, Nevada, presents a rare investment opportunity. Originally constructed as a cottage, this two-story brick building has been thoughtfully adapted into a unique office space. Its charming character is undeniable, offering a blend of historical charm and modern adaptability. A significant advantage is the inclusion of a detached coachman's property, presenting the exciting possibility of developing an Accessory Dwelling Unit (ADU). The versatility extends beyond the main structure

• CAP approach

  CAP return

  Valuation

  6%

  $180,600

  6.5%

  $166,708

  7%

  $154,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $207,236

  Geo Method

  $207,236

• Alternative Use

  Use

  Valuation

  Residential

  $206,717

  Hospitality

  $189,352

  Educational

  $157,539

  Medical

  $162,957

  Retail

  $245,060

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5203

Longitude

-119.819

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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