Downtown Office
For Sale
Contact for pricing
10 State Street, Reno, NV 89501
Four-story office building offered for sale or lease near the Reno Courthouse.
Property Size18,726 SF
Price / SF$219.76
Days on Market195
Property Features for 10 State Street
General Information
Standard status
Active
Size
18,726 SF
Class
C
Property subtype
Office
Zoning
MD-RD
Building Details
Year Built
1950
Stories
4
Listing Agency:
Dickson Commercial Group
Listed By:
Travis Hansen · License #NV 75595
(775) 351-5578
Source:
Crexi
Added: Apr 10
Changed: Oct 19
Last Checked: Oct 20 at 8:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dickson Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
10 State Street is a four-story office building offered for sale or lease in Downtown Reno. The property is positioned to accommodate a range of office uses, with flexibility for both owner-users and investors.
The building is located in the heart of Downtown Reno, just one block from the Truckee River and steps from the Reno Courthouse.
As a multi-story office asset, the property provides multiple levels of work space within a central downtown setting.
The building is located in the heart of Downtown Reno, just one block from the Truckee River and steps from the Reno Courthouse.
As a multi-story office asset, the property provides multiple levels of work space within a central downtown setting.
Key Highlights
- Four‑story office building offered for sale or lease
- Built in 1950
- Located in Downtown Reno, one block from the Truckee River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,026
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,620,520
$6.6M
Cap Rate 7%
$4,728,943
$4.7M
Cap Rate 9%
$3,678,067
$3.7M
Market Conditions
NOI Build-Up for 18,726 SF
Gross rent
$541.6K $28.92/SF
− Vacancy
−$100.2K −$5.35/SF
EGI
$441.4K $23.57/SF
− OpEx
−$110.3K −$5.89/SF
NOI
$331.0K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,620,520
Cap Rate 7%
$4,728,943
Cap Rate 9%
$3,678,067
Alternative Uses
Best Use
Office B
$4.73M
$4.14M – $5.52M
NOI $331,026 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,978 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,599
Businesses Nearby
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Business Placement
Demographics for 89501, NV
3,948
Population
2,975
Households
1.3
Avg Household Size
50
Median Age
40%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
6,580
Density / Sq Mi
$32,990
Median Household Income
$28,774
Median Earnings
$1,089
Median Rent
$379,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
Frequently Asked Questions
What type of property is this?
Office building - Four-story office building offered for sale or lease near the Reno Courthouse.
Where is this office building located?
The property is located at 10 State Street Reno, NV.
What is the asking price?
The asking price for this property is $4,115,200.
What are key features of this property?
This property features: Four‑story office building offered for sale or lease; Built in 1950; Located in Downtown Reno, one block from the Truckee River
