904 W 7th St - Office FOR SALE


Reno, NV 89503- West University
$1,050,000 USD
775-225-2549
904 W 7th St, Reno, NV for Sale
$1,050,000 USD
Office - FOR SALE
1/27
null | 10.86% Cap Rate

904 W 7th St
Reno, NV 89503
West University


HIGHLIGHTS

  • Easy Access to I-80
  • Flexible Office Units
  • 27 Paved Parking Spaces

OVERVIEW

Welcome to 904 W 7th Street in Reno, NV—an exceptional opportunity to own a well-maintained, income-generating professional office building just minutes from downtown and the University of Nevada, Reno. Situated along the high-visibility Keystone corridor, this three-story property offers 6,258 square feet of finished space, including 4,172 square feet above grade and a 2,086 square foot finished basement. The building is professionally zoned (PO - Professional Office) and features 19 flexible office units, most of which are currently occupied by long-term tenants on month-to-month leases, generating a strong and stable income stream, with NOI of $114,000 in 2024 and a 10.86% cap rate. Originally built in 1981, the building has been thoughtfully updated with modern mechanical systems, including electrical and plumbing upgrades, while maintaining its functional and efficient layout. The property offers excellent accessibility with wheelchair access, 24-hour entry, and air conditioning throughout. A rare find in the area, the site includes 27 paved parking spaces—roughly 4.3 spaces per 1,000 square feet—making it extremely convenient for tenants and visitors alike. 904 W 7th Street is positioned in one of Reno's most walkable districts with a Walk Score of 84, surrounded by coffee shops, restaurants, retail, and professional services. Its strategic location, just off the Keystone off-ramp, offers superb visibility and ease of access to I-80, making it ideal for owner-users, professional practices, or investors seeking a stable asset with upside potential. Whether you're looking to establish your own office while benefiting from existing rental income, or you're seeking a solid addition to your investment portfolio, 904 W 7th Street combines location, cash flow, and long-term potential in one turnkey package. Offered at $1,050,000, this property is ready to support your business or investment goals from day one.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

10.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

PO

APN/PARCEL ID

006-124-13

ASK ABOUT THIS PROPERTY

Cole MizakCompassMore Info
775-225-2549

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Cole MizakCompassMore Info
775-225-2549

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.