South Reno Office Building For
For Sale
Contact for pricing
Pending
10795 Double R Blvd, Reno, NV 89521
Two-story office building built in 2012 with Double R Blvd. frontage.
Property Size8,096 SF
Days on Market206
Property Features for 10795 Double R Blvd
General Information
Standard status
Pending
Size
8,096 SF
Class
A
Property subtype
Office
Zoning
PD
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
1
Stories
2
Units
1
Listing Agency:
Logic Commercial Real Estate Reno
(775) 386-9727
Listed By:
Michael Keating · License #NV# S.174942
Source:
Crexi
Added: Jan 28
Changed: Aug 14
Last Checked: Aug 21 at 5:33PM
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 Logic Commercial Real Estate Reno
Investment Insights
Based on property information with market context.
This two-story office building, constructed in 2012, is located in South Reno and features frontage on Double R Blvd. The building's layout includes nineteen private offices, two conference rooms, a reception area, a kitchen/break room, storage space, and two restrooms on the ground floor. The upper level contains thirteen private offices, two balconies, a break room, and an IT room. The property offers a total size of 8096 square feet.
Key Highlights
- Prime South Reno location with Double R Blvd. frontage.
- Modern office building constructed in 2012.
- Ample private office space: 19 downstairs and 13 upstairs.
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
$143,116
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
4.69%
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%
$2,862,320
$2.9M
Cap Rate 7%
$2,044,514
$2.0M
Cap Rate 9%
$1,590,178
$1.6M
Market Conditions
NOI Build-Up for 8,096 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
$234.1K $28.92/SF
− Vacancy
−$43.3K −$5.35/SF
EGI
$190.8K $23.57/SF
− OpEx
−$47.7K −$5.89/SF
NOI
$143.1K $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 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%
$2,862,320
Cap Rate 7%
$2,044,514
Cap Rate 9%
$1,590,178
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.39M
NOI $143,116 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,656 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 89521, NV
39,119
Population
16,789
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
93.0 sq mi
ZIP Area
421
Density / Sq Mi
$125,505
Median Household Income
$61,266
Median Earnings
$2,178
Median Rent
$629,900
Median Home Value
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 building - Two-story office building built in 2012 with Double R Blvd. frontage.
Where is this office building located?
The property is located at 10795 Double R Blvd Reno, NV.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Prime South Reno location with Double R Blvd. frontage.; Modern office building constructed in 2012.; Ample private office space: 19 downstairs and 13 upstairs.
