1001 Jones St
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1001 Jones St
2,600 SF Office Building Reno, NV 89503 $1,300,000 ($500/SF) 4.95% Cap Rate
Executive Summary
This 2 story, 2600 sq.ft. building is currently leased until April 2025. Currently the building is a fully operational pediatric office with treatment rooms, reception counter, reception waiting room, additional offices downstairs and upstairs are additional office desks in an large open floor plan and separate bathroom, eating area and substantial storage. Upstairs storage can be made into individual office space in the future. The building has much potential with options being offices, or combination office/retail, the building is well built. Located close to the upcoming Neon district and a block from the river not far from downtown Reno with easy access and ample parking. Please do not disturb occupants. Owner/Seller is a NV Licensee B20127
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$630,000
|
$242.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $630,000 |
| Annual Per SF | $242.31 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,600 SF
Building Class
C
Year Built
1986
Price
$1,300,000
Price Per SF
$500
Cap Rate
4.95%
NOI
$64,350
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,300 SF
Building FAR
0.37
Lot Size
0.16 AC
Zoning
MUDR - Medical Professional Office
Parking
13 Spaces (6.92 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Storage Space
- Central Heating
- Natural Light
- Open-Plan
- Partitioned Offices
- Reception
- Air Conditioning
- Balcony
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 011-081-07 | Improvements Assessment | $83,646 |
| Land Assessment | $49,000 | Total Assessment | $132,646 |
PROPERTY TAXES
Parcel Number
011-081-07
Land Assessment
$49,000
Improvements Assessment
$83,646
Total Assessment
$132,646
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1001 Jones St
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