904 W 7th St
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904 W 7th St
6,258 SF 100% Leased Office Building Reno, NV 89503 £1,101,197 (£176/SF) 5.40% Net Initial Yield
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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
6,258 SF
Building Class
C
Year Built
1981
Price
£1,101,197
Price Per SF
£176
Net Initial Yield
5.40%
NOI
£59,465
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
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 | £135,925 (2024) |
| Land Assessment | £57,582 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £78,344 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
006-124-13
Land Assessment
£57,582 (2024)
Improvements Assessment
£78,344 (2024)
Total Assessment
£135,925 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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904 W 7th St
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