904 W 7th St
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904 W 7th St
6,258 SF 100% Leased Office Building Reno, NV 89503 $1,991,824 CAD ($318 CAD/SF) 5.40% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| 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
$1,991,824 CAD
Price Per SF
$318 CAD
Cap Rate
5.40%
NOI
$107,559 CAD
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 | $245,859 CAD (2024) |
| Land Assessment | $104,153 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $141,706 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
006-124-13
Land Assessment
$104,153 CAD (2024)
Improvements Assessment
$141,706 CAD (2024)
Total Assessment
$245,859 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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904 W 7th St
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