1475 Terminal WayReno, NV 89502

Property Details for 1475 Terminal Way

Year built

1978

Construction

WOOD

Lot size

1.47 AC

Property size (Sq ft)

15,159 SF

Zone code

ME

Property type

Office buildings

APN

013-332-08

APU

1333208

Description

This exceptional 2,298-square-foot single-tenant office suite is ideally located at 1475 Terminal Way, Suite D, Reno, Nevada, 89502. Situated on a 1.47-acre lot, this property offers convenient access via Villanova Dr. The building, constructed in 1978, is a single-story structure with a total of 15,159 square feet. This particular suite boasts five private offices, perfect for individual work or team collaboration. A dedicated conference room provides a professional space for meetings and presentations. The suite also includes a functional kitchen area, two restrooms for added convenience, and the unique benefit of two private entrances, enhancing privacy and accessibility. The existing furniture is available for tenant use, offering a seamless transition into the space. The property is zoned IB, Reno, and its APN is 013-332-08. This is a fantastic opportunity for a business seeking a well-appointed, ready-to-occupy office space in a desirable Reno location. The suite is currently vacant and ready for immediate occupancy. Don't miss this chance to secure this prime office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,278,235

  6.5%

  $2,102,986

  7%

  $1,952,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,471,260

  Geo Method

  $3,471,260

• Alternative Use

  Use

  Valuation

  Residential

  $2,607,703

  Hospitality

  $2,388,642

  Educational

  $1,987,322

  Medical

  $2,055,669

  Retail

  $3,091,390

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.51

Longitude

-119.778

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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