Manufacturing Building with Heavy
For Sale
Contact for pricing
101 Evans Ave, Dayton, NV 89403
Existing manufacturing building with heavy power, plus adjacent acreage for a designed and permitted additional building.
Property Size144,761 SF
Lot Size11.73 Acres
Price / SF$80
Days on Market441
Property Features for 101 Evans Ave
General Information
Standard status
Active
Size
144,761 SF
Lot size
11.73 Acres
Property subtype
INDUSTRIAL
Additional Details
Heavy Power
Yes
Building Details
Buildings
1
Building Size
144,761 SF
Listing Agency:
CBRE | Reno
(775) 356-6118
Listed By:
Eric Bennett
(775) 823-6963
Source:
Moodyscre
Added: Jul 4, 2025
Changed: Sep 2
Last Checked: Sep 16 at 7:33PM
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 CBRE | Reno
Investment Insights
Based on property information with market context.
The site includes an existing 144,761 square foot manufacturing building on 11.73 acres. The property is described as having heavy power and includes new LED lighting throughout the warehouse.
Also included is an adjacent 10.72 acres intended to accommodate an additional fully designed and permitted 173,600 square foot building. The site is noted as being adjacent to the Dayton Airpark airstrip.
This configuration supports an owner-occupant or tenant needing an existing manufacturing facility while preserving room for additional warehouse/manufacturing capacity on the same overall site.
Also included is an adjacent 10.72 acres intended to accommodate an additional fully designed and permitted 173,600 square foot building. The site is noted as being adjacent to the Dayton Airpark airstrip.
This configuration supports an owner-occupant or tenant needing an existing manufacturing facility while preserving room for additional warehouse/manufacturing capacity on the same overall site.
Key Highlights
- 144,761 SF existing manufacturing building
- 11.73 acres with heavy power and new LED lighting throughout the warehouse
- Adjacent 10.72 acres to accommodate a fully designed and permitted 173,600 SF building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$895,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,906,220
$17.9M
Cap Rate 7%
$12,790,157
$12.8M
Cap Rate 9%
$9,947,900
$9.9M
Market Conditions
NOI Build-Up for 144,761 SF
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.
Gross rent
$1.37M $9.48/SF
− Vacancy
−$93.3K −$0.64/SF
EGI
$1.28M $8.84/SF
− OpEx
−$383.7K −$2.65/SF
NOI
$895.3K $6.18/SF
Area
Lyon County, NV
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,906,220
Cap Rate 7%
$12,790,157
Cap Rate 9%
$9,947,900
Alternative Uses
Best Use
Industrial
$12.79M
$11.19M – $14.92M
NOI $895,311 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$44.61M
$39.04M – $52.05M
NOI $3,122,946 @ 7.0% cap · market cap 26.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 89403, NV
16,824
Population
6,906
Households
2.4
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
162.0 sq mi
ZIP Area
104
Density / Sq Mi
$87,226
Median Household Income
$46,997
Median Earnings
$1,275
Median Rent
$391,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Existing manufacturing building with heavy power, plus adjacent acreage for a designed and permitted additional building.
Where is this manufacturing property located?
The property is located at 101 Evans Ave Dayton, NV.
What is the asking price?
The asking price for this property is $11,580,880.
What are key features of this property?
This property features: 144,761 SF existing manufacturing building; 11.73 acres with heavy power and new LED lighting throughout the warehouse; Adjacent 10.72 acres to accommodate a fully designed and permitted 173,600 SF building
