5990 Silver Lake RdReno, NV 89506

Property Details for 5990 Silver Lake Rd

Year built

1988

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

5,218 SF

Zone code

MS

Property type

Healthcare properties

Property subtype

Medical offices

APN

550-020-33

APU

55002033

Description

This exceptional 5,218 square foot medical office building presents a unique owner-user opportunity in Reno, Nevada. Located at 5990 Silver Lake Rd, this single-story, standalone building sits on a 0.542-acre lot and boasts a desirable MS zoning designation. Constructed in 1988, the property features a complete medical build-out, making it ideal for immediate occupancy. The asking price is $1,700,000, translating to $325.80 per square foot. The property's multi-tenancy configuration offers flexibility for both investment and owner-occupancy scenarios. Its location within a high-traffic corridor, coupled with significant ongoing surrounding development, ensures strong visibility and future growth potential. Ample parking is available, catering to both patients and staff. The smaller suite sizes within the building are particularly attractive for investors seeking diversified income streams or owner-occupants looking to expand their practice. The property's APN is 550-020-33, and it's situated in the rapidly growing submarket of Washoe County, Nevada, zip code 89506. This is a rare opportunity to acquire a well-established medical office building in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,041,293

  6.5%

  $961,194

  7%

  $892,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,870

  Geo Method

  $1,194,870

• Alternative Use

  Use

  Valuation

  Residential

  $1,191,880

  Hospitality

  $1,091,756

  Educational

  $908,328

  Medical

  $939,567

  Retail

  $1,412,955

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.6253

Longitude

-119.881

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].