1121 University Ter Reno, NV
Completely remodeled office building with ample parking and secured storage.
Property Features for 1121 University Ter
General Information
- Standard status
- Active
- Size
- 2,289 SF
- Lot size
- 0.42 Acres
- Property subtype
- OFFICE
Listing office Colliers | Reno (775) 762-7990
Listing date Sep 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
Investment Insights
Based on property information with market context.
Key Highlights
- Completely remodeled in 2020 with extensive renovations including a new metal roof, new heating and plumbing, new garage door, new retaining wall, new security gate, full interior renovation and an addition.
- Excellent location off Keystone Avenue in Northwest Reno with outstanding access to I‑80, residential housing, the University of Nevada, and downtown Reno.
- Zoned Professional Office (PO) offering versatile usage possibilities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $28.92 |
| − Vacancy | −$12.2k | −$5.35 |
| EGI | $54.0k | $23.57 |
| − OpEx | −$13.5k | −$5.89 |
| NOI | $40.5k | $17.68 |