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Investment Highlights

  • High Traffic Downtown Office Building

Executive Summary

Well-located four-story office building with basement, fully leased to four tenants. Originally constructed in 1973 and substantially upgraded in 2023, the property offers stabilized cash flow, modernized building systems, and durable tenancy. Its downtown location supports long-term demand and provides flexibility for continued office use or future repositioning.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
25,840 SF
Building Class
B
Year Built/Renovated
1973/2021
NOI
$394,324
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,460 SF
Building FAR
1.23
Lot Size
0.48 AC
Zoning
MD-RD - Mixed-Use Downtown Riverwalk District
Parking
32 Spaces (1.24 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Monument Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Nevada Legal Services, Inc. (NLS) is a non-profit organization providing free legal services to low income Nevadans. NLS is a state wide organization assisting every county in Nevada. They are funded through various sources but are primarily funded through a grant from the federal government by way of the Legal Services Corporation. Because they are primarily grant funded, they do have income guidelines we must follow. Generally, they can only represent Nevadans with income at or below 200% of the Federal Poverty Level. They also have restrictions on the amount of assets clients can have. With other grant funding these income levels can change. Please feel free to contact any of their offices and they will be more than happy to do an intake to see if you qualify for services.

  • Administrative and Support Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Applied Companies is a privately held human resources and workforce solutions firm headquartered in Reno, Nevada. Founded in 2002, the company provides Professional Employer Organization (PEO) services, payroll management, employee benefits administration, and recruitment solutions, including executive search and temporary staffing. The Applied Companies serves businesses across Northern Nevada and nationwide, focusing on compliance, talent acquisition, and operational efficiency. In October 2025, the firm was acquired by OneDigital, a national insurance and HR consulting organization, as part of its expansion into the PEO market. The Applied Companies has earned recognition for its ethical practices and community involvement, positioning itself as a leading locally owned employment services provider in the region.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Administrative and Support Services - $9.99 Lorem Ipsum Jan 0000
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
011-183-06
Land Assessment
$271,950
Improvements Assessment
$818,490
Total Assessment
$1,090,440
  • Listing ID: 40635633

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 449 S Virginia St, Reno, NV 89501

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