North Valleys Industrial
For Sale
$16,500,000
14291 Lear Blvd, Reno, NV 89506
144,219 SF industrial building with office space for sale.
Property Size144,278 SF
Price / SF$114.36
Days on Market253
Property Features for 14291 Lear Blvd
General Information
Standard status
Active
Size
144,278 SF
Class
B
Property subtype
Office
Building Details
Building Size
144,278 SF
Year Built
1982
Listed By:
Chris Shanks · License #NV #Lic# S.167217
(775) 850-3144
Source:
Corfac
Added: Jan 26
Changed: Oct 6
Last Checked: Oct 5 at 3:44PM
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 Chris Shanks
Investment Insights
Based on property information with market context.
The subject property is a 144,219 square foot industrial building located in the North Valleys industrial submarket. It includes an 8,197-square-foot office space and is available for sale or lease. The property is equipped with 6 dock-high doors, 4 drive-in doors, 4 additional outside covered dock-high doors, and an HVAC system in the office space. Clear heights range up to 29’5”. The property features 25’ x 40’ column spacing and 6” concrete slab flooring. It also includes 6 dock-high doors with 2 levelers, 4 covered outside dock-high doors with levelers, 4 drive-in doors, a well water monitoring system, and a compressor system with distributed air lines and a rail adjacent to the property. The property has 8,000a/120 - 480v 3p Heavy Power and a warehouse break area with bathrooms.
Key Highlights
- 144,219 SF industrial building in the North Valleys submarket.
- Heavy power: 8,000a/120‑480v 3p.
- Multiple loading options: 6 dock‑high doors, 4 covered outside dock‑high doors, and 4 drive‑in doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$993,177
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,863,540
$19.9M
Cap Rate 7%
$14,188,243
$14.2M
Cap Rate 9%
$11,035,300
$11.0M
Market Conditions
NOI Build-Up for 144,278 SF
Gross rent
$1.32M $9.12/SF
− Vacancy
−$147.4K −$1.02/SF
EGI
$1.17M $8.10/SF
− OpEx
−$175.3K −$1.21/SF
NOI
$993.2K $6.88/SF
Area
Reno, NV
Vacancy
11.20%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,863,540
Cap Rate 7%
$14,188,243
Cap Rate 9%
$11,035,300
Alternative Uses
Best Use
Office B
$36.44M
$31.88M – $42.51M
NOI $2,550,453 @ 7.0% cap · market cap 15.46%
Second Best
Warehouse
$14.19M
$12.41M – $16.55M
NOI $993,177 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$44.46M
$38.91M – $51.88M
NOI $3,112,527 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 89506, NV
43,321
Population
17,015
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
86%
High-School Grad
91.1 sq mi
ZIP Area
476
Density / Sq Mi
$86,557
Median Household Income
$42,481
Median Earnings
$1,733
Median Rent
$377,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 144,219 SF industrial building with office space for sale.
Where is this industrial property located?
The property is located at 14291 Lear Blvd Reno, NV.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: 144,219 SF industrial building in the North Valleys submarket.; Heavy power: 8,000a/120‑480v 3p.; Multiple loading options: 6 dock‑high doors, 4 covered outside dock‑high doors, and 4 drive‑in doors.
