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- LoopNet Team
555 W 6th St
Reno, NV 89503
Office Property For Sale
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Security System
- Signage
- Kitchen
- Storage Space
- Central Heating
- Secure Storage
- Wi-Fi
- Hardwood Floors
- Air Conditioning
About 555 W 6TH ST , RENO, NV 89503
Historic building converted for office use. Remodeled in 2016 and brought to wonderful traditional value. A pleasing work environment with amazing wood work and original stained glass windows. Converted to gas, new heating and air conditioning, new wiring, new roof, and new security lighting in parking area. The sewer was replaced 10 years ago. The parking lot has been resealed. With 8,800 sq. ft. the property offers plenty of off street parking or room for expansion. The immaculate basement is approximately 600 sq. ft., and is NOT included in the square footage. The cottage to the rear is wired, but has no plumbing and is rented for $550/month. The main building is presently rented for $1750 on a month to month basis. The fair market rent value for the main building is $2250/month. The tenant of the main building sublets a small portion for $500/month. The APOD figures are based on the main building being rented for $2250/month. Based on this figure and Actual expenses, our asking price achieves a CAP rate of 6%.
Property Taxes
| Parcel Number | 007-530-08 | Improvements Assessment | $24,574 |
| Land Assessment | $67,914 | Total Assessment | $92,488 |
Property Taxes
