5650 Riggins CtReno, NV 89502

Property Details for 5650 Riggins Ct

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

15,381 SF

Zone code

MU

Property type

Office buildings

APN

025-553-11

APU

2555311

Description

This exceptional two-story office building, situated on a one-acre lot in Reno's desirable Meadowood submarket, presents a compelling investment opportunity. The 15,380 square foot building, constructed in 1998, features a Class C designation and boasts two suites. Currently, 3,552 square feet of vacant space is available, representing a significant portion of the building's total area. The minimum divisible space is 3,552 square feet, making it ideal for a single tenant or a smaller business seeking a substantial footprint. The building includes convenient amenities such as elevators. The available suite (Suite 101) offers a spacious reception area complete with a counter and cabinets, three large private offices, a kitchen, a storage room, and a sizable training room. The property's address is 5650 Riggins Ct, Reno, NV 89502, within Washoe County, and is identified by APN 025-553-11. This property is well-suited for traditional office use or medical office practices, offering a blend of functionality and prime location within the established Meadowood area. The building's size and layout provide flexibility for a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,311,600

  6.5%

  $2,133,784

  7%

  $1,981,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,522,095

  Geo Method

  $3,522,095

• Alternative Use

  Use

  Valuation

  Residential

  $2,645,892

  Hospitality

  $2,423,623

  Educational

  $2,016,426

  Medical

  $2,085,774

  Retail

  $3,136,662

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4715

Longitude

-119.776

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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