Renovated Multi-Tenant Retail
105 Mount Rose Street, Reno, NV 89509
For Sale
Contact for pricing
Separate suite entrances and on-site parking serve a multi-tenant retail property in Reno’s Midtown district.
Property Size4,136 SF
Price / SF$320.36
Days on Market14
Property Features for 105 Mount Rose Street
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Marmot Properties, Llc
Listed By:
Chris Moton · License NV BS.145493
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 4:40PM
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 Marmot Properties, Llc
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Investment Insights
Based on property information with market context.
At 105 Mount Rose Street, this renovated retail property contains 4,136 SF across nine independently accessed suites, ranging from 135 to 923 SF. Built in 1955, the building has updated interiors and common areas, a stucco exterior, and on-site parking. Recent work also includes a replacement sewer line, landscaping, and exterior improvements. The suites are leased on NNN terms and are sized for smaller operators, including personal-service and health-and-wellness businesses.
The property is in Reno’s Midtown district, with Renown Regional Medical Center, the VA Medical Center, the S. Wells Avenue district, Reno Public Market, Downtown Reno, and the Truckee River identified as nearby destinations. South Virginia Street improvements completed in late 2020 added transit access, sidewalks, and expanded evening lighting. Midtown also hosts local businesses and events such as the Art Walk and Artown.
The property is in Reno’s Midtown district, with Renown Regional Medical Center, the VA Medical Center, the S. Wells Avenue district, Reno Public Market, Downtown Reno, and the Truckee River identified as nearby destinations. South Virginia Street improvements completed in late 2020 added transit access, sidewalks, and expanded evening lighting. Midtown also hosts local businesses and events such as the Art Walk and Artown.
Key Highlights
- 4,136 SF retail building with nine independently accessed suites
- Suites range from 135 to 923 SF
- Recent work includes a new sewer line, updated interiors and common areas, landscaping, and exterior improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,338
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,760
$1.0M
Cap Rate 7%
$747,686
$747.7K
Cap Rate 9%
$581,533
$581.5K
Market Conditions
NOI Build-Up for 4,136 SF
Gross rent
$81.9K $19.80/SF
− Vacancy
−$7.1K −$1.72/SF
EGI
$74.8K $18.08/SF
− OpEx
−$22.4K −$5.42/SF
NOI
$52.3K $12.65/SF
Area
Reno, NV
Vacancy
8.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,760
Cap Rate 7%
$747,686
Cap Rate 9%
$581,533
Alternative Uses
Best Use
Retail
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,226 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,384
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
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Market
Vacancy Rate% for Retail in Reno, NV
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Frequently Asked Questions
What type of property is this?
Shopping center - Separate suite entrances and on-site parking serve a multi-tenant retail property in Reno’s Midtown district.
Where is this shopping center located?
The property is located at 105 Mount Rose Street Reno, NV.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 4,136 SF retail building with nine independently accessed suites; Suites range from 135 to 923 SF; Recent work includes a new sewer line, updated interiors and common areas, landscaping, and exterior improvements
