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    Boomtown Garson Rd Verdi, NV 89439

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    For Lease
    Contact for pricing

    Class A industrial project with excellent access and visibility.

    Property size:
    429,000 SF
    Lot size:
    429,000 SF

    Property Features for Boomtown Garson Rd

    General Information

    Size
    429,000 SF

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Joel Fountain
    Joel Fountain
    Source: Corfac

    Listing Agent: Joel Fountain

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

    Learn more

    Property Insight Report

    Overview

    New Reno Distribution Facilities

    LogistiCenter at I-80 West Phase II is a Class A industrial project in the Central-West Reno submarket. It comprises two distribution facilities totaling approximately 429,000 square feet. The facilities feature a 32-foot clear height, an ESFR sprinkler system, and a 4000-amp switchgear. The column spacing is 50 feet by 50 feet, with 60-foot speed bays. LED lighting and skylights are installed throughout the buildings. Each building includes approximately 3,422 square feet of office space. The property is located four miles from the California border and nine miles from Downtown Reno, with direct access and frontage to Interstate 80. Neighboring tenants include Patagonia, Masonite, Cardinal Showers, and Power Sonic. Over 3,671 new residential units are approved or under construction within a five-mile radius, providing access to diverse labor pools and housing. The location offers exceptional visibility and is a sought-after destination in Reno-Sparks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chevron Verdi Gas Station Best Western Plus ... Hotel Family Fun Center Amusement Center Verdi Grillhouse & Casino Restaurant Cabela's Sporting Goods Store

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Gym & Fitness Auto Parts Store Hotel & Motel Food Market Accounting Firm Grocery Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Verdi
    County
    Washoe
    State
    Nevada
    Longitude
    -119.9653323
    Latitude
    39.5080571

    Nearby Similar for Lease

    • Contact for pricing
      85,120 SF

      Industrial Space Near Interstate 80

      Class A industrial space with convenient access to Interstate 80.
      8800 Boomtown Garson Rd, Verdi, NV 89439
      View Details
    • Contact for pricing
      7,300 SF

      Verdi Retail Opportunity with Drive-Thru

      New Class A retail space with drive-thru potential in Verdi.
      8010 Boomtown Garson Rd, Verdi, NV 89439
      View Details
    • Contact for pricing
      258,500 SF

      Verdi Warehouse Space Available

      258,500 SF warehouse space with dock-high and drive-in doors.
      8700 Boomtown Garson Rd, Verdi, NV 89439
      View Details

    FAQs

    What type of property is this?
    Distribution property - Class A industrial project with excellent access and visibility.
    Where is this distribution property located?
    The property is located at Boomtown Garson Rd Verdi, NV.
    What are key features of this property?
    This property features: - New Class A industrial distribution facility built in 2023.; - Direct access and frontage to Interstate 80, near the California border and Downtown Reno.; - Features 32-foot clear height, ESFR sprinkler system, and 4000-amp switchgear.
    (775) 287-8127
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    Boomtown Garson Rd Verdi, NV 89439
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    Verdi, NV 89439
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    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
    Boomtown Garson Rd Verdi, NV 89439
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    We can help!
    Listing Contact
    Joel Fountain
    Joel Fountain
    Real Estate License ID: #LIC#S.78024
    (775) 287-8127
    Learn more
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