1130 Selmi DrReno, NV 89512

Property Details for 1130 Selmi Dr

Year built

2006

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,317 SF

Zone code

NC

Property type

Office buildings

APN

004-440-13

APU

444013

Description

This vacant 1,296 square foot commercial office space, located at 1130 Selmi Dr 603, Reno, NV 89512, presents a unique investment opportunity. The property is situated in an established professional and medical park, offering convenient access from N McCarran Boulevard and Highway 395 North. Its Class B designation reflects a solid foundation for renovation and customization. Currently vacant, this space allows for complete design flexibility, ideal for creating a tailored office or medical facility. The property's location offers proximity to the University of Nevada, Reno (UNR) campus and benefits from the presence of the North Reno Veterans Affairs Clinic as a key anchor tenant in the multi-tenant business park. The asking price is $249,600. The APN is 00444014. This is a chance to build your ideal workspace without the constraints of leasing, in a well-established and convenient location. The property includes both office space and land, offering potential for future expansion or development. This is a blank canvas for your business needs, ready for your vision. Seize this opportunity to own your space in a thriving Reno business park.

• CAP approach

  CAP return

  Valuation

  6%

  $197,931

  6.5%

  $182,706

  7%

  $169,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,580

  Geo Method

  $301,580

• Alternative Use

  Use

  Valuation

  Residential

  $226,555

  Hospitality

  $207,523

  Educational

  $172,657

  Medical

  $178,595

  Retail

  $268,577

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5573

Longitude

-119.801

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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