Midtown Reno Upscale Office
For Sale
Contact for pricing
1071 Haskell St, Reno, NV 89509
Upscale office in Midtown Reno with recent major remodel.
Property Size2,266 SF
Price / SF$469.99
Days on Market231
Property Features for 1071 Haskell St
General Information
Standard status
Active
Size
2,266 SF
Class
B
Property subtype
Office
Zoning
MU-MC
Investment Type
Owner/User
Building Details
Year Built
1929
Year Renovated
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Michael Keating · License #NV# S.174942
(775) 386-9727
Source:
Crexi
Added: Feb 17
Changed: Oct 6
Last Checked: Oct 5 at 3:51PM
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 Logic Commercial Real Estate Reno
Investment Insights
Based on property information with market context.
This upscale office space is located in the heart of Midtown. The property has undergone a major remodel, with over 60% of the building featuring new construction. The 2266 square-foot space includes a reception area, multiple bullpen areas, and a patio. It also features three private offices, two open area office spaces, a break room and kitchenette, and two bathrooms. There are seven parking spots available.
Key Highlights
- Upscale office in the heart of Midtown
- Major remodel with over 60% new construction
- Includes seven (7) parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,057
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,140
$801.1K
Cap Rate 7%
$572,243
$572.2K
Cap Rate 9%
$445,078
$445.1K
Market Conditions
NOI Build-Up for 2,266 SF
Gross rent
$65.5K $28.92/SF
− Vacancy
−$12.1K −$5.35/SF
EGI
$53.4K $23.57/SF
− OpEx
−$13.4K −$5.89/SF
NOI
$40.1K $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%
$801,140
Cap Rate 7%
$572,243
Cap Rate 9%
$445,078
Alternative Uses
Best Use
Office B
$572.2K
$500.7K – $667.6K
NOI $40,057 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$698.4K
$611.1K – $814.8K
NOI $48,885 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,149
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Upscale office in Midtown Reno with recent major remodel.
Where is this office units located?
The property is located at 1071 Haskell St Reno, NV.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: Upscale office in the heart of Midtown; Major remodel with over 60% new construction; Includes seven (7) parking spots
