Historic Mixed-Use
1105 2ND, Reno, NV 89503
For Sale
$1,250,000
General Commercial zoning supports a combination of residential, office, retail, employment, and service uses.
Property Size3,700 SF
Price / SF$337.84
Days on Market195
Property Features for 1105 2ND
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Opportunity Zone
Road Access
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Reno Realty
Listed By:
Gregory Anastassatos · License #S.173938
(775) 830-0735
Source:
Ferrari-lund
Added: Apr 28
Changed: Nov 6
Last Checked: Nov 8 at 6:45AM
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 Reno Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this 3,700-square-foot mixed-use property includes a main floor, basement, second-floor residential units, and a detached rear garage. The main level and basement were most recently used for professional office and storage functions. Improvements include partially updated electrical, Ethernet wiring, a dedicated server closet, hardwired perimeter security cameras, and upgraded 200-amp electrical service. The second floor contains a recently updated studio and a partially updated one-bedroom unit. The studio, main floor, and basement are vacant, while the one-bedroom unit is leased through the end of the year. The detached three-car garage is currently used for storage.
Located at the corner of West 2nd and Gardner Streets near Downtown Reno, the property is close to the Truckee River corridor, medical services, restaurants, employment centers, and regional transportation access. General Commercial zoning supports residential, office, retail, commercial, employment, and service-oriented uses. Zoning standards may permit residential density up to 45 dwelling units per acre and building heights up to 65 feet.
Located at the corner of West 2nd and Gardner Streets near Downtown Reno, the property is close to the Truckee River corridor, medical services, restaurants, employment centers, and regional transportation access. General Commercial zoning supports residential, office, retail, commercial, employment, and service-oriented uses. Zoning standards may permit residential density up to 45 dwelling units per acre and building heights up to 65 feet.
Key Highlights
- 3,700‑square‑foot mixed‑use property built in 1935
- Second floor includes a recently updated studio and a partially updated one‑bedroom unit
- Detached three‑car garage provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,406
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,120
$1.3M
Cap Rate 7%
$934,371
$934.4K
Cap Rate 9%
$726,733
$726.7K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$107.0K $28.92/SF
− Vacancy
−$19.8K −$5.35/SF
EGI
$87.2K $23.57/SF
− OpEx
−$21.8K −$5.89/SF
NOI
$65.4K $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%
$1,308,120
Cap Rate 7%
$934,371
Cap Rate 9%
$726,733
Alternative Uses
Best Use
Office B
$934.4K
$817.6K – $1.09M
NOI $65,406 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$771.4K
$674.9K – $899.9K
NOI $53,995 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.14M
$997.8K – $1.33M
NOI $79,821 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
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Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
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Market
Properties on Market for Mixed-use properties in Reno
Vacancy Rate% for Office in Reno, NV
Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning supports a combination of residential, office, retail, employment, and service uses.
Where is this mixed-use property located?
The property is located at 1105 2ND Reno, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,700‑square‑foot mixed‑use property built in 1935; Second floor includes a recently updated studio and a partially updated one‑bedroom unit; Detached three‑car garage provides additional storage
