5220 Neil RdReno, NV 89502

Property Details for 5220 Neil Rd

Year built

1988

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

10,650 SF

Zone code

MU

Property type

Medical offices

Property subtype

Medical space

APN

025-371-27

APU

2537127

Description

This 1,696 square foot office suite, located at 5220 Neil Road, Suite 200, Reno, Nevada 89502, is available for lease. Situated in a Class B building constructed in 1988, this space is part of a larger 10,650 square foot, two-story building with multiple tenants. The suite is ideally located in central Reno, easily accessible from S. McCarran Boulevard. The space features a reception area, several operatory rooms, a dental lab, a private restroom, and a break area, making it well-suited for a dental practice or similar business. The property's zoning is MU (Mixed Use). The building consists of one structure and has a Washoe County APN of 025-371-27. The master lease on the property expires September 1, 2029. This is a fantastic opportunity to secure a well-appointed office space in a convenient Reno location. The maximum contiguous space available is 1,696 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,813,990

  6.5%

  $1,674,450

  7%

  $1,554,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,438,740

  Geo Method

  $2,438,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,324,100

  Retail / Commercial

  $1,699,200

  Mixed-Use / Specialty

  $1,688,900

  Hospitality / Lodging

  $1,233,570

  Institutional / Educational

  $1,754,260

  Residential Income

  $2,052,490

  Multifamily

  $2,485,150

  Automotive / Energy

  $1,503,650

  Parking / Income-Based Land

  $523,082

  Restaurant / Food Service

  $869,363

  Healthcare / Senior Housing

  $1,736,290

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4749

Longitude

-119.778

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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