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    Flex Space with Fenced Outdoor Area Title is generated by Realmo AI

    1530 E Reno Road, Reno, TX 75038

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    Claim this Listing
    For Sale
    $829,500

    COMMERCIAL - Reno, TX

    Property size:
    2,850 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $291/SF
    Added:
    May 16, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 1530 E Reno Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV, Parking Lot, Open
    Standard status
    Active
    APN
    R000116280
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.045 LOT: 1R2 BLK: 1 SUBD: ROWDY WING
    Tax Annual Amount
    4583

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Well, Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    1
    Building materials
    MetalSiding

    We can help!

    Listing Contact
    Sandra Hunt

    Listing agent Sandra Hunt License #0537100

    Listing office eXp Realty LLC Austin, TX

    Listing date May 16, 2026

    MLS# 21106468

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building with 2,850 sq ft plus a 2,100 sq ft open porch on over an acre in Reno
    • Expansive fenced, covered outdoor area for seating and additional use space
    • Includes two offices and separate bathrooms
    • Utilities: well water and public sewer
    • Heating is electric and cooling is central air
    • Parking includes RV, parking lot spaces, and open parking

    Overview

    This versatile commercial property offers substantial interior and outdoor flexibility for a wide range of uses. The building provides 2,850 square feet of space, complemented by a 2,100 square foot open porch. Inside, there are two offices and separate bathrooms, and the property also includes a well. Outside, an expansive fenced, covered outdoor area supports everything from customer seating to operational space, backed by ample parking.

    Located at 1530 E Reno Road in Reno, Texas 75038, the site sits on over an acre and is positioned for easy access and high visibility in the heart of Reno. The outdoor area is well suited for active programming and customer-facing events, while the overall setup supports both foot-traffic concepts and practical operational needs.

    With its flexible layout and strong indoor-outdoor relationship, the property can work for buyers and operators seeking options beyond a single programmed use. It may fit a farmers’ market or community event setting, a coffee shop or similar retail concept, or a workshop-style operation. The configuration also aligns with distribution, transportation, and industrial or retail uses where outdoor space and parking are valuable.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $71.1k $24.96
    − Vacancy −$3.6k −$1.25
    EGI $67.6k $23.71
    − OpEx −$16.9k −$5.93
    NOI $50.7k $17.78
    2,850 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $724.1K
    $633.6K – $844.7K (±1% cap)
    NOI $50,684 @ 7.0% cap · market cap 6.11%
    Second Best
    Retail
    $675.8K
    $591.3K – $788.4K (±1% cap)
    NOI $47,305 @ 7.0% cap · market cap 5.70%
    Theoretical Best
    Hotel Hospitality
    $2.15M
    $1.88M – $2.50M (±1% cap)
    NOI $150,266 @ 7.0% cap · market cap 18.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -97.550851
    Latitude
    32.935426

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    FAQs

    What type of property is this?
    Flex space - Versatile commercial flex property with offices, separate restrooms, ample parking, and fenced covered outdoor space for multiple concepts.
    Where is this flex space located?
    The property is located at 1530 E Reno Road Reno, TX.
    What is the asking price?
    The asking price for this property is $829,500.
    What are key features of this property?
    This property features: Commercial building with 2,850 sq ft plus a 2,100 sq ft open porch on over an acre in Reno; Expansive fenced, covered outdoor area for seating and additional use space; Includes two offices and separate bathrooms
    (888) 519-7431
    We can help!
    Listing Contact
    Sandra Hunt
    Real Estate License ID: 0537100
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1530 E Reno Road, Reno, TX 75038
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