Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9515 North Virginia St Reno, NV 89506

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    246,392 SF warehouse/distribution space for lease in Reno, NV.

    Property size:
    246,392 SF
    Lot size:
    246,392 SF

    Property Features for 9515 North Virginia St

    General Information

    Size
    246,392 SF

    We can help!

    Listing Contact
    Eric Bennett
    Source: Cbre

    Listing Agent: Eric Bennett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Reno Warehouse Space Available

    This property offers 246,392 square feet of warehouse and industrial space suitable for distribution purposes. Located in Reno, Nevada, the property is positioned for various business operations requiring substantial storage and logistical capabilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    E-Z Storage Inc., A-1 Storage LLC, Stead Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7731267
    Latitude
    39.443493

    Nearby Similar for Lease

    • $46,410
      59,500 SF

      Reno Warehouse Sublease Opportunity

      59,500 SF Reno warehouse space available for sublease.
      12815 Old Virginia Rd, Reno, NV 89521
      View Details
    • $1,250 /Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Pkwy, Reno, NV 89521
      View Details
    • Contact for pricing

      Downtown Reno

      Flexible workspace in San Jose Airport
      200 Virginia St, Reno, NV 89501
      View Details
    • Sponsored
      Contact for pricing

      Mountain View Corporate

      Flexible workspace in Las Colinas MacArthur
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      NV, Reno - Double R Blvd

      Discover many ways to work your way in Highland Pointe
      9805 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing

      NV, Reno - 300 E 2nd St

      Workspaces, services and support to help you work better in John Hancock Center
      300 2Nd St, Reno, NV 89501
      View Details
    • $2 SF/Yr
      12,830 SF

      Second-Floor Office Space Available

      Office space with mountain views, close to I-580.
      5525 Kietzke Ln, Reno, NV 89511
      View Details
    • $2.00 SF/Yr

      Reno Retail/Office Space Available

      Modern retail/office building with ample parking and great visibility.
      960 Ambassador Dr, Reno, NV 89523
      View Details
    • $1.85 SF/Yr

      Remodeled Office Space For Lease

      Recently remodeled office space in desirable Reno location.
      6100 Plumas St, Reno, NV 89509
      View Details
    • Contact for pricing

      Reno Office Suites For Lease

      Centrally located Reno office suites with high visibility and parking.
      1101 W Moana Ln, Reno, NV 89509
      View Details
    • $2.00 SF/Yr
      8,310 SF

      Medical Office Near Renown Health

      Freestanding medical/professional office near Renown Health and Downtown Reno.
      475 Kirman Ave, Reno, NV 89502
      View Details
    • $1.77 SF/Yr

      Freestanding Office Building Sublease Opportunity

      Move-in ready office space available for sublease until 12/31/2023.
      10435 Double R Blvd, Reno, NV 89521
      View Details

    FAQs

    What type of property is this?
    Warehouse - 246,392 SF warehouse/distribution space for lease in Reno, NV.
    Where is this warehouse located?
    The property is located at 9515 North Virginia St Reno, NV.
    What are key features of this property?
    This property features: - 246,392 SF warehouse/distribution space available; - Lease opportunity; - Located in Reno, NV
    (775) 813-3794
    Request Owner's contact information
    9515 North Virginia St Reno, NV 89506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9515 North Virginia St
    Reno, NV 89506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9515 North Virginia St Reno, NV 89506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric Bennett
    Real Estate License ID: S.0046241
    (775) 813-3794
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!