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Aspen Meadows Office Complex 5605 Riggins Ct 14,040 SF 50% Leased Office Building Reno, NV 89502 $2,900,000 ($206.55/SF) 2.70% Cap Rate
Investment Highlights
- Prime accessibility to US-395, I-580, Meadowood Mall, retail, and dining
- Current 2025 NOI: $78,206.44 (49% Leased)
- Ample on-site parking for tenants and visitors
- Ideal owner-user opportunity with SBA loan potential through 51% vacancy
Executive Summary
5605 Riggins Court is a ±14,040 SF multi-tenant office building located in Reno’s highly desirable Meadowood submarket. The property offers exceptional accessibility with direct connections to US-395 and I-580, and is just minutes from Meadowood Mall, retail services, and numerous dining options. Ample on-site parking ensures convenience for both tenants and visitors.
Currently 49% leased to a diverse mix of tenants with staggered lease expirations, the property provides immediate cash flow while offering significant long-term upside through future lease-up and rent growth. The 51% vacancy presents an ideal scenario for an owner-user to occupy space while taking advantage of SBA financing opportunities.
This property represents a rare opportunity, whether for an owner-user seeking a well-located, high-quality office environment, or for investors pursuing a stabilized suburban office asset with existing income and strong potential for value-add appreciation in one of Reno’s most accessible business corridors.
Currently 49% leased to a diverse mix of tenants with staggered lease expirations, the property provides immediate cash flow while offering significant long-term upside through future lease-up and rent growth. The 51% vacancy presents an ideal scenario for an owner-user to occupy space while taking advantage of SBA financing opportunities.
This property represents a rare opportunity, whether for an owner-user seeking a well-located, high-quality office environment, or for investors pursuing a stabilized suburban office asset with existing income and strong potential for value-add appreciation in one of Reno’s most accessible business corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,040 SF
Building Class
B
Year Built/Renovated
1995/2018
Price
$2,900,000
Price Per SF
$206.55
Cap Rate
2.70%
NOI
$78,206
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,020 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
1.04 AC
Zoning
MU
Parking
39 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- JuJu Aesthetics, LLC
- Health Care and Social Assistance
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- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| JuJu Aesthetics, LLC | Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite 200 is 7,021 square feet and fully built out as a call center, the layout includes five private offices, three conference rooms, and over 50 workstations. Call center furniture is available. Virtual Tour available here: https://my.matterport.com/show/?m=eR2nzmQk57X The building is currently listed for sale. Contact the broker for additional details.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 7,021 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 7,021 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 200
| Size | 7,021 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suite 200 is 7,021 square feet and fully built out as a call center, the layout includes five private offices, three conference rooms, and over 50 workstations. Call center furniture is available. Virtual Tour available here: https://my.matterport.com/show/?m=eR2nzmQk57X The building is currently listed for sale. Contact the broker for additional details.
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Property Taxes
| Parcel Number | 025-552-10 | Improvements Assessment | $630,698 |
| Land Assessment | $166,485 | Total Assessment | $797,182 |
Property Taxes
Parcel Number
025-552-10
Land Assessment
$166,485
Improvements Assessment
$630,698
Total Assessment
$797,182
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Aspen Meadows Office Complex | 5605 Riggins Ct
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