Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3700 Grant Dr Reno, NV 89509

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,700,000

    16,200 SF office building available in Reno, Nevada.

    Property size:
    16,200 SF
    Lot size:
    1.22 Acres

    Property Features for 3700 Grant Dr

    General Information

    Size
    16,200 SF
    Lot size
    1.22 Acres

    We can help!

    Listing Contact
    Mike Keating
    Mike Keating
    Source: Moodyscre

    Listing Agent: Mike Keating

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

    Learn more

    Overview

    Reno Office Building For Sale

    This is a 16,200 square foot office building located in Reno, Nevada.
    Location Intelligence

    Current Use by Public Records

    Courtney Phillips-Shoda Occupational Therapist Lucy Greenly Speech Pathologist Kristine Kanwetz Speech Pathologist Deborah Dieter Physical Therapist Lisa Boughner Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8026719
    Latitude
    39.4884503

    Nearby Similar for Sale

    • $697,000
      1,474 SF

      Modern Duplex Near UNR

      Immaculate 2020 duplex with strong rental history near UNR.
      442 E 7Th St, Reno, NV 89512
      View Details
    • $1,431,000
      3,894 SF

      MidTown Reno Multifamily Investment

      Charming multifamily property in Reno's vibrant MidTown District.
      343 Mount Rose St, Reno, NV 89509
      View Details
    • $725,000
      2,185 SF

      Single-Story Triplex in Reno

      Rare single-story triplex with investment potential in Reno, Nevada.
      10005 Sagewood Dr, Reno, NV 89506
      View Details
    • $2,980,000
      1,100 SF

      Productive Farm with Water Rights

      710.97 acre farm with water rights near Reno, Nevada.
      5555 Sage Flat Rd, Reno, NV 89510
      View Details
    • $590,000
      396 SF

      Reno Multifamily Near UNR

      Multifamily property near UNR, subject to court confirmation.
      711 Evans Ave, Reno, NV 89512
      View Details
    • $1,150,000
      2,785 SF

      Mixed-Use Building in Midtown Reno

      Versatile mixed-use property in Midtown Reno with development potential.
      235 W Pueblo St, Reno, NV 89509
      View Details
    • $585,820
      1,520 SF

      Versatile Commercial Building in Reno

      Multi-use commercial building in central Reno, close to Midtown.
      277 Vassar St, Reno, NV 89502
      View Details
    • $2,500,000
      18,717 SF

      Reno Mixed-Use Investment Opportunity

      2.26-acre property with self-storage, auto sales, and residential income.
      2720 Kietzke Ln, Reno, NV 89502
      View Details
    • New
      $950,000
      2,340 SF

      Versatile Commercial Property on Acre

      General Commercial property with residential home and five garage bays.
      13905 Old Virginia Rd, Reno, NV 89521
      View Details
    • $795,000
      1,836 SF

      Midtown Reno Duplex Investment Opportunity

      Charming duplex in Midtown Reno with steady rental income.
      1001 Lander St, Reno, NV 89509
      View Details
    • New
      $525,000
      2,152 SF

      Midtown Reno Commercial Opportunity

      Charming remodeled building in Midtown Reno with parking.
      463 N/W Cor Of Wl And Moran St, Reno, NV 89502
      View Details
    • $850,000
      2,116 SF

      Renovated Fourplex Near UNR

      Fully renovated fourplex near UNR with strong rental demand.
      903 W 7Th St, Reno, NV 89503
      View Details

    FAQs

    What type of property is this?
    Office building - 16,200 SF office building available in Reno, Nevada.
    Where is this office building located?
    The property is located at 3700 Grant Dr Reno, NV.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - 16,200 SF office building; - Located in Reno, Nevada
    (775) 386-9727
    Request Owner's contact information
    3700 Grant Dr Reno, NV 89509
    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.
    3700 Grant Dr
    Reno, NV 89509
    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
    3700 Grant Dr Reno, NV 89509
    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
    Mike Keating
    Mike Keating
    (775) 386-9727
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.