5200 Neil RdReno, NV 89502

Property Details for 5200 Neil Rd

Year built

1988

Construction

WOOD

Lot size

1.03 AC

Property size (Sq ft)

11,940 SF

Zone code

MU

Property type

Office buildings

APN

025-371-28

APU

2537128

Description

This exceptional 11,940 square foot, two-story office building is situated on a 1.03-acre lot in Reno, Nevada's desirable Meadowood submarket. Built in 1988, the Class C property (APN 025-371-28) is zoned MU and offers a freestanding structure with ample parking, catering to diverse user needs. The functional interior layout includes multiple private offices, an open bullpen area, a convenient interior break room, and a dedicated conference room. Its strategic location along S McCarran Blvd provides easy freeway access, enhancing its appeal for businesses seeking convenient commutes and accessibility. The asking price for this owner-user investment opportunity is $3,900,000. This property presents a compelling opportunity for businesses seeking a well-maintained, functional office space in a prime Reno location. The building's single-building structure simplifies management and maintenance, while its ample parking ensures convenience for employees and clients alike. The property's zoning allows for a variety of potential uses, making it a versatile investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,794,454

  6.5%

  $1,656,419

  7%

  $1,538,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,734,140

  Geo Method

  $2,734,140

• Alternative Use

  Use

  Valuation

  Residential

  $2,053,960

  Hospitality

  $1,881,416

  Educational

  $1,565,316

  Medical

  $1,619,150

  Retail

  $2,434,936

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4754

Longitude

-119.778

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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