1111 Forest StReno, NV 89509

Property Details for 1111 Forest St

Year built

1977

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,200 SF

Zone code

MURES

Property type

Office buildings

APN

014-053-15

APU

1405315

Description

This exceptional 3,200-square-foot office property, located at 1111 Forest Street in Reno, Nevada's vibrant Downtown submarket, presents a unique investment opportunity. The single-tenant building, constructed in 1977 and extensively renovated in 2022, offers a blend of traditional and creative office space. Situated on a 0.223-acre lot (9,714 square feet), the one-story Class B building is highly visible and benefits from ample surface-level and street parking. The property's strategic location near Midtown provides easy access to major transportation arteries, including US 395 and I-580, ensuring seamless connectivity for employees and clients. Large windows throughout the space maximize natural light, creating a bright and productive work environment. The property also offers excellent signage opportunities, enhancing visibility and brand recognition. The zoning is MU-RES. The APN is 014-053-15. The lease rate is $2.20 per square foot per month on a modified gross basis

• CAP approach

  CAP return

  Valuation

  6%

  $723,730

  6.5%

  $668,059

  7%

  $620,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $732,768

  Geo Method

  $732,768

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,350,150

  Retail / Commercial

  $685,517

  Mixed-Use / Specialty

  $677,691

  Hospitality / Lodging

  $490,192

  Institutional / Educational

  $702,602

  Residential Income

  $822,044

  Multifamily

  $1,015,750

  Automotive / Energy

  $602,230

  Parking / Income-Based Land

  $213,140

  Restaurant / Food Service

  $340,985

  Healthcare / Senior Housing

  $700,479

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5133

Longitude

-119.811

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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