652 Forest StReno, NV 89509

Property Details for 652 Forest St

Year built

1932

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

3,502 SF

Zone code

MUMC

Property type

Investment properties

Property subtype

Retail residential properties

APN

011-225-02

APU

1122502

Description

Exceptional investment opportunity in Reno's vibrant Midtown area. This property encompasses three buildings on two parcels totaling 0.37 acres, offering a unique blend of income-generating potential and prime office space. The main building, a 3,502 square foot executive office space, features a spacious layout, four bathrooms, and 1,383 square feet of basement storage. Its corner lot location ensures maximum visibility and accessibility. Two additional rental homes provide supplemental income; one is 458 square feet, generating $1,050 monthly rent, and the other is 168 square feet, generating $500 monthly rent. Ample parking is available with 16 designated spots. The property boasts a fully landscaped exterior and is situated near commercial centers, restaurants, and cultural attractions. The main office building is zoned MU-MC. The total square footage is 4,128 square feet, with a net rentable area of 4,128 square feet. The asking price is $1,400,000, resulting in a price per square foot of $339.15. The current Net Operating Income (NOI) is $15,605. The property was built in 1940 and includes three buildings. The property's address is 652 Forest St, Reno, NV 89509. APN: 011-225-02 (and an additional APN: 011-225-01). Matterport 3D renderings of the office building are available online. This owner/user investment presents a compelling opportunity for both business owners and investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $866,576

  6.5%

  $799,917

  7%

  $742,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,242,981

  Geo Method

  $1,242,981

• Alternative Use

  Use

  Valuation

  Residential

  $799,917

  Hospitality

  $732,719

  Educational

  $609,614

  Medical

  $630,580

  Retail

  $948,288

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5185

Longitude

-119.811

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].