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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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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 | $636,122 |
| Land Assessment | $158,557 | Total Assessment | $794,678 |
PROPERTY TAXES
Parcel Number
025-552-10
Land Assessment
$158,557
Improvements Assessment
$636,122
Total Assessment
$794,678
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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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