5422 Longley LnReno, NV 89511

Property Details for 5422 Longley Ln

Year built

2006

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

4,121 SF

Zone code

IC

Property type

Office buildings

APN

164-421-21

APU

16442121

Description

This exceptional 2,104 square foot medical office suite, located at 5422 Longley Lane #B in Reno, Nevada, presents a fantastic investment opportunity. The property is a single-tenant space with approximately four years remaining on the current lease. The layout features a flexible open floor plan, ideal for a variety of medical practices. Amenities include a fully equipped break room, perfect for staff convenience, and a large conference room suitable for meetings and consultations. The suite benefits from an excellent South Reno location, offering convenient proximity to the new Northern Nevada Sierra Medical Center, ensuring high visibility and accessibility for patients. Easy access from Double R Boulevard and Longley Lane provides convenient access for both patients and staff. The property's zip code is 89511. This well-appointed medical office suite combines functionality, convenience, and a desirable location, making it an attractive option for medical professionals seeking a thriving practice environment. The property is classified as an office building with a medical office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $822,378

  6.5%

  $759,118

  7%

  $704,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $943,668

  Geo Method

  $943,668

• Alternative Use

  Use

  Valuation

  Residential

  $941,307

  Hospitality

  $862,232

  Educational

  $717,367

  Medical

  $742,038

  Retail

  $1,115,904

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4701

Longitude

-119.766

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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