4791 Summit Ridge DrReno, NV 89523

Property Details for 4791 Summit Ridge Dr

Year built

2006

Construction

WOOD

Lot size

2.00 AC

Property size (Sq ft)

4,581 SF

Zone code

NC

Property type

Medical offices

Property subtype

Medical centers

APN

400-023-01

APU

40002301

Description

This exceptional investment opportunity presents a 4,581 square foot, Class B, single-tenant medical retail building situated on a two-acre lot in Reno, Nevada. Built in 2006, the property boasts a 100% occupancy rate with a long-term tenant—a regional medical center—in place since 2008, operating under a Net Net (NN) lease. The property's strong financial performance is reflected in its attractive 5.95% capitalization rate and $3,400,000 asking price. The property is zoned NC and its convenient location at 4791 Summit Ridge Drive offers easy access to Interstate 80 and South McCarran Parkway, ensuring high visibility and accessibility. This stabilized investment asset presents a compelling opportunity for investors seeking a secure, high-yield return. The sale includes the standalone building

• CAP approach

  CAP return

  Valuation

  6%

  $914,175

  6.5%

  $843,854

  7%

  $783,579

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,049,003

  Geo Method

  $1,049,003

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,379

  Hospitality

  $958,477

  Educational

  $797,442

  Medical

  $824,867

  Retail

  $1,240,465

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.521

Longitude

-119.858

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].