255 Moana LnReno, NV 89509

Property Details for 255 Moana Ln

Year built

1979

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

22,536 SF

Zone code

MU

Property type

Office properties

Property subtype

Office buildings

APN

019-352-03

APU

1935203

Description

This exceptional 2,739 square foot office space is located on the second floor of The Atrium, a Class C building at 255 W Moana Ln, Reno, NV 89509. Built in 1979 and extensively renovated in 2021, this property offers a versatile layout suitable for various office uses, including executive, traditional, medical, or creative office settings. The suite boasts a welcoming reception area, a spacious open work area, and seven private offices, providing ample room for a team or individual professionals. Enjoy stunning views overlooking the building's atrium. The entire building encompasses 26,164 square feet across two stories, within a single building. The property is zoned MU and features the APN 019-352-03. While there are no elevators, the second-floor location offers a degree of privacy and exclusivity. This is a multi-tenant building with currently 2,739 square feet of vacant space. This is a unique opportunity to secure a well-maintained and conveniently located office space in the heart of Reno. The property's recent renovation ensures modern amenities and a comfortable work environment. The location offers easy access to local amenities and transportation.

• CAP approach

  CAP return

  Valuation

  6%

  $4,497,238

  6.5%

  $4,151,297

  7%

  $3,854,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,160,518

  Geo Method

  $5,160,518

• Alternative Use

  Use

  Valuation

  Residential

  $5,147,608

  Hospitality

  $4,715,182

  Educational

  $3,922,976

  Medical

  $4,057,892

  Retail

  $6,102,406

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4917

Longitude

-119.8

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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