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418 Cheney St | SNTL | 6.49% CAP 418 Cheney St 1,542 SF Office Building Reno, NV 89502 $925,000 ($599.87/SF) 6.49% Cap Rate
Executive Summary
STNL property in the Wells Business District just east of MidTown
- Layout consists of three (3) private offices, reception area, restroom, breakroom, and a basement storage
- +/- 4,000 SF fenced yard, separately parceled for potential development
- Property is zoned GC (General Commercial)
- Located less than 2-miles from I-80 with easy access to S. Virginia St. connecting the property to central and South Reno
- Over +/- 650 businesses located within a 0.5-mile radius
- Traffic counts along S. Wells over +/- 15,800 CPD
- Parking on-site
- Layout consists of three (3) private offices, reception area, restroom, breakroom, and a basement storage
- +/- 4,000 SF fenced yard, separately parceled for potential development
- Property is zoned GC (General Commercial)
- Located less than 2-miles from I-80 with easy access to S. Virginia St. connecting the property to central and South Reno
- Over +/- 650 businesses located within a 0.5-mile radius
- Traffic counts along S. Wells over +/- 15,800 CPD
- Parking on-site
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,542 SF
Building Class
C
Year Built
1920
Price
$925,000
Price Per SF
$599.87
Cap Rate
6.49%
NOI
$60,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,542 SF
Slab To Slab
9’
Building FAR
0.15
Lot Size
0.24 AC
Zoning
GC - General Commercial
Parking
14 Spaces (4.67 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Oasis Pond Maintenance & Supply
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Oasis Pond Maintenance & Supply | Services | - | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $25,874 | |
| Land Assessment | $77,045 | Total Assessment | $102,919 |
Property Taxes
Parcel Numbers
Land Assessment
$77,045
Improvements Assessment
$25,874
Total Assessment
$102,919
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418 Cheney St | SNTL | 6.49% CAP | 418 Cheney St
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