423 Plumb LnReno, NV 89509

Property Details for 423 Plumb Ln

Year built

1990

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,064 SF

Zone code

PO

Property type

Office buildings

APN

014-280-11

APU

1428011

Description

This exceptional two-story office building, located at 423 W Plumb Ln in Reno, Nevada, presents a compelling investment opportunity. Boasting 6,032 square feet, the property is priced at $1,870,000, translating to $310.01 per square foot. Constructed in 1990, the Class B building sits on a single lot and features thirteen reserved parking spaces. The layout is well-designed for optimal functionality, offering a mix of open and private spaces. The upper floor includes a conference room, two bullpens, six individual offices, two restrooms, and a kitchen. The ground floor provides a large office, a bathroom with a shower, a kitchen, storage space, two smaller offices, and a garage with an additional five parking spaces. A built-in reception area enhances the professional atmosphere. The property is zoned PO and has an APN of 014-280-11. This well-maintained building offers a blend of modern convenience and classic design, making it ideal for a variety of businesses. Its strategic location in Reno, Nevada, provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial office building in a thriving Nevada market.

• CAP approach

  CAP return

  Valuation

  6%

  $611,446

  6.5%

  $564,411

  7%

  $524,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $701,625

  Geo Method

  $701,625

• Alternative Use

  Use

  Valuation

  Residential

  $699,870

  Hospitality

  $641,077

  Educational

  $533,369

  Medical

  $551,712

  Retail

  $829,685

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5064

Longitude

-119.811

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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