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

    1530 E Reno Road, Reno, TX 75038

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    Claim this Listing
    For Lease
    $3,500/Mo $14 SF/Yr (calc)

    COMMERCIAL - Reno, TX

    Property size:
    2,850 SF
    Lot size:
    1.05 Acres
    Added:
    May 16, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1530 E Reno Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Open, Parking Lot, RV
    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

    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# 21153390

    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

    • For lease commercial property with 4,950 sq ft total, including 2,850 sq ft plus 2,100 sq ft open porch.
    • Over 1 acre commercial site with an expansive fenced, covered outdoor area.
    • Includes two offices and separate bathrooms.
    • Utilities: public water plus a well, and public sewer.
    • Heating is electric with central air cooling.
    • Parking includes open parking lot spaces and RV parking.

    Overview

    This versatile commercial flex space includes multiple enclosed areas designed for everyday operations, along with two offices and separate bathrooms. The property also features an expansive open porch area and a covered, fenced outdoor space that can support customer seating, events, or workflow needs depending on the tenant’s concept. Additional on-site amenities include a well, providing another practical utility element for an operator.

    Located in the heart of Reno, the facility is positioned for easy access and high visibility to support business activity and foot traffic. With an expansive lot of over an acre and ample parking, the site is built to accommodate both staff and visitors while keeping day-to-day operations straightforward. The property’s open layout is intended to support a range of uses, from community-focused activity to service, distribution, transportation, industrial, or retail applications.

    The configuration and outdoor amenities make this a strong fit for tenants seeking a flexible footprint rather than a single-purpose buildout. Concepts such as a farmers’ market, community event operation, coffee shop, workshop, distribution, or other retail and light industrial uses can potentially align with the combination of interior support space and covered fenced outdoor area. The property’s readiness for “your vision” is reinforced by its practical utilities, office support, and parking for a broad range of operators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -97.550851
    Latitude
    32.935426

    FAQs

    What type of property is this?
    Flex space - Flexible commercial facility with offices, separate restrooms, ample parking, and a covered fenced outdoor area for multiple operating concepts.
    Where is this flex space located?
    The property is located at 1530 E Reno Road Reno, TX.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: For lease commercial property with 4,950 sq ft total, including 2,850 sq ft plus 2,100 sq ft open porch.; Over 1 acre commercial site with an expansive fenced, covered outdoor area.; 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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