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    6370 Mae Anne Ave, Unit 1 Reno, NV 89523

    Sponsored
    Picture of Retail space at Mae Anne Ave 6370, Reno, NV
    For Lease
    $277,200

    COMMERCIAL - Reno, NV

    Type:Retail
    Property size:
    2,800 SF
    Lot size:
    0.46 Acres
    Days on Market:
    171
    Last Refresh:
    Feb 3 at 8:06 am

    Property Features for 6370 Mae Anne Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Double Pane Windows
    Zoning
    NC
    Size
    2,800 SF
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jeanette Williams

    Nolan Realty & Investments (775) 635-8636

    Listing agent Jeanette Williams (775) 225-9439 License #S.186140

    Listing date Aug 17, 2025

    MLS# 250054696

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Space in Reno, Nevada

    This commercial property, located in Reno, Nevada, offers a retail space suitable for various business ventures. The property, previously used as a hardware store in conjunction with an adjacent unit, requires the construction of a demising wall and bathroom if leased independently. The CAM fee is $0.44 per square foot. The owner is willing to amortize the cost of reasonable tenant improvements, plus interest, over the first five years of the lease. A minimum five-year lease term is required, with options for one or two extensions. The listed cost represents the "as is" base rent, with the cost of tenant improvements to be added. Owner participation is contingent upon tenant creditworthiness, requiring the submission of the last two years of tax returns, bank statements, a business plan (if the business is unproven), and a credit report. Additional documentation may be requested upon review. The property is situated among tenants such as Silver Bear Swim School, Scorpius Tactical, Pegs Restaurant, and Northern Star Montessori. The lot size is 0.46 acres with a property size of 2,800 square feet. The zoning is NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anytime Fitness Gym & Fitness Center Renzo Gracie Academy ... Training Center Amazon Locker - Alev Courier Service Scorpius Tactical Firearms Academy True Value Hardware Building Supply

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.88666
    Latitude
    39.526963

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    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Reno, Nevada.
    Where is this retail space located?
    The property is located at 6370 Mae Anne Ave, Unit 1 Reno, NV.
    What are key features of this property?
    This property features: - Tenant improvement allowance available, amortized over the first 5 years of the lease.; - Located in a complex with established tenants including Silver Bear Swim School, Scorpius Tactical, Pegs Restaurant, and Northern Star Montessori.; - Concrete construction and asphalt roof.
    (775) 225-9439
    Request Owner's contact information
    6370 Mae Anne Ave, Unit 1 Reno, NV 89523
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    Reno, NV 89523
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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
    6370 Mae Anne Ave, Unit 1 Reno, NV 89523
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    We can help!
    Listing Contact
    Jeanette Williams
    Real Estate License ID: S.186140
    (775) 225-9439
    Learn more
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