904 W 7th St 6,258 SF 100% Leased Office Building Reno, NV 89503 $1,280,000 ($204.54/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Close to UNR
- Easy freeway acess
- Close to Downtown
- Wheelchair accessible
EXECUTIVE SUMMARY
This is a fantastic investment opportunity! Here's a summary of the key features:
Location: Conveniently located on the 180 corridor, close to the University of Nevada, Reno (UNR) and downtown Reno.
Renovations: Newly renovated with updated electrical and plumbing systems.
Size: A total of 6258 sqft, with a 2086 sqft finished basement and a 4172 sqft three-story office building.
Tenancy: All existing tenants are long-term and on month-to-month rentals.
If you're looking for a modern, well-located office building with updated facilities and steady rental income, this property is like a great fit! What are your plans for this property?
Location: Conveniently located on the 180 corridor, close to the University of Nevada, Reno (UNR) and downtown Reno.
Renovations: Newly renovated with updated electrical and plumbing systems.
Size: A total of 6258 sqft, with a 2086 sqft finished basement and a 4172 sqft three-story office building.
Tenancy: All existing tenants are long-term and on month-to-month rentals.
If you're looking for a modern, well-located office building with updated facilities and steady rental income, this property is like a great fit! What are your plans for this property?
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
6,258 SF
Building Class
C
Year Built
1981
Price
$1,280,000
Price Per SF
$204.54
Cap Rate
5.90%
NOI
$75,573
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,448 SF
Building FAR
0.45
Lot Size
0.32 AC
Zoning
PO - Professional Office
Parking
27 Spaces (4.31 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 006-124-13 | Total Assessment | $173,935 (2025) |
| Land Assessment | $78,058 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $95,877 (2025) | Tax Year | 2023 |
