5418 Longley LnReno, NV 89511

Property Details for 5418 Longley Ln

Year built

2006

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

2,048 SF

Zone code

IC

Property type

Office properties

Property subtype

Office buildings

APN

164-421-11

APU

16442111

Description

This exceptional 4,222 square foot, single-story office building in Reno, Nevada, is available for lease. Built in 2006, this Class B property boasts a functional layout ideal for various professional uses. The space includes 12 private offices, two conference rooms, a kitchen, three restrooms, a reception area, storage, IT room, utility closet, and areas for cubicles. The building features a recently installed (2023) roof, upgraded LED lighting, and some updated finishes. Outdoor seating is available. The property sits on a professionally managed HOA-maintained lot, ensuring pristine grounds. With 20 parking spaces and a minimum divisible space of 2,048 square feet, this building offers flexibility for multiple tenants. The zoning is IC, and the property is located within the Longley Professional Campus Office Complex at 5418 Longley Ln, Reno, NV 89511. The entire 4,222 square feet is currently vacant and ready for immediate occupancy. The property includes two suites.

• CAP approach

  CAP return

  Valuation

  6%

  $408,695

  6.5%

  $377,257

  7%

  $350,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,972

  Geo Method

  $468,972

• Alternative Use

  Use

  Valuation

  Residential

  $467,798

  Hospitality

  $428,501

  Educational

  $356,508

  Medical

  $368,768

  Retail

  $554,567

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4699

Longitude

-119.767

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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