540 Plumb LnReno, NV 89509

Property Details for 540 Plumb Ln

Year built

2004

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

7,621 SF

Zone code

SPD

Property type

Office buildings

APN

019-511-01

APU

1951101

Description

This exceptional 7,621 square foot office building, constructed in 2004, presents a fantastic leasing opportunity in Reno's Airport submarket. Located at 540 W Plumb Lane, at the corner of Arlington Avenue, this single-story Class B property offers a versatile space ideal for traditional office, medical office, or executive office uses. Currently, 2,891 square feet are available for lease within this multi-tenant building. The property boasts a contemporary design and benefits from its strategic location within the Plumgate Center, a mixed-use development featuring a variety of amenities including Starbucks, Champagne & Chocolate, and a UPS Store. The convenient location provides easy access to both Midtown and Downtown Reno, making it an attractive option for businesses seeking a central location with excellent accessibility. The property is zoned SPD and has an APN of 019-511-01. This is a rare opportunity to secure high-quality office space in a thriving Reno neighborhood. The available space is adaptable to various business needs, offering a blend of functionality and modern aesthetics. Don't miss this chance to establish your business in a vibrant and well-connected location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,520,831

  6.5%

  $1,403,844

  7%

  $1,303,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,133

  Geo Method

  $1,745,133

• Alternative Use

  Use

  Valuation

  Residential

  $1,740,767

  Hospitality

  $1,594,533

  Educational

  $1,326,633

  Medical

  $1,372,258

  Retail

  $2,063,651

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5048

Longitude

-119.816

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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