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    Move-in Ready Office Space Available Title is generated by Realmo AI

    10539 Professional Cir, Reno, NV

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    Recently remodeled office space with excellent access and visibility.

    Type:OFFICE
    Property size:
    5,827 SF
    Lot size:
    2.69 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    316
    Last Refresh:
    Apr 5 at 9:39 pm

    Property Features for 10539 Professional Cir

    General Information

    Standard status
    Active
    Size
    5,827 SF
    Lot size
    2.69 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 10539 Professional Cir Contact us

    We can help!

    Listing Contact
    Melissa Molyneaux, CCIM, SIOR

    Listing agent Melissa Molyneaux, CCIM, SIOR

    Listing office Colliers | Reno

    Listing date Jul 8, 2025

    Source Moodyscre

    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 Colliers | Reno

    HighLights

    • Move‑in ready condition with recent remodel: new flooring, LED lighting, and paint.
    • Excellent visibility from I‑580/US 395 and potential building signage available.
    • Full‑service rental rate includes janitorial and utilities.
    • First‑floor location with outstanding access and visibility off the main lobby.
    • Flexible layout includes reception, conference room, storage, break area, server room, bullpen, and eleven private offices.
    • Ample surface‑level parking with visitor spaces and rear entry for staff.

    Overview

    This 5,827 square foot office space is located on the first floor, offering excellent access and visibility from the main lobby. The suite has been recently remodeled and is in move-in ready condition, featuring new flooring, LED lighting, and paint. The layout includes a reception area, a conference room, a storage room, a break area with a sink, a server room, a bullpen, and eleven private offices along the window line. The suite also has a rear entry, providing convenient access to the back parking lot. The building features a welcoming lobby and shared restrooms. Ample surface-level parking is available, including visitor spaces near the entry. The building is professionally maintained and offers outstanding visibility from I-580/US 395. Building signage with visibility on I-580 may be available. The landlord is open to considering medical use and is willing to provide additional construction allowances for qualified tenants and terms. The rental rate is full service and inclusive of janitorial services and utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carson Medical Group Physician Swift Institute - Professional ... Medical Clinic Audry See, APRN Physician William B. Povolny, ... Physician Seong McGinnis, MD Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.757
    Latitude
    39.4295

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    FAQs

    What type of property is this?
    Office units - Recently remodeled office space with excellent access and visibility.
    Where is this office units located?
    The property is located at 10539 Professional Cir Reno, NV.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Move‑in ready condition with recent remodel: new flooring, LED lighting, and paint.; Excellent visibility from I‑580/US 395 and potential building signage available.; Full‑service rental rate includes janitorial and utilities.
    (775) 762-7990 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Melissa Molyneaux, CCIM, SIOR
    Learn More
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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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