Two-Story Office Building For
For Sale
$3,600,000
5200 Neil Rd, Reno, NV 89502
Freestanding two-story office building in the Meadowood submarket.
Property Size11,940 SF
Price / SF$301.51
Days on Market186
Property Features for 5200 Neil Rd
General Information
Standard status
Active
Size
11,940 SF
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
Dickson Commercial Group
(775) 240-1192
Listed By:
Dominic Brunetti · License #NV #Lic# S.58419
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 31 at 6:14AM
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 Dickson Commercial Group
Investment Insights
Based on property information with market context.
This freestanding two-story professional office building is located in the Meadowood submarket. The building offers functional layouts that include multiple private offices, an open bullpen area, an interior break room, and a conference room. Ample parking is available. The property is situated along S McCarran Blvd, providing convenient freeway access. The building's size is 11940 square feet.
Key Highlights
- Freestanding two‑story professional office building.
- Located along S McCarran Blvd with convenient freeway access.
- Functional layouts with private offices, open bullpen, break room, and conference room.
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 | $345.3k | $28.92 |
| − Vacancy | −$63.9k | −$5.35 |
| EGI | $281.4k | $23.57 |
| − OpEx | −$70.4k | −$5.89 |
| NOI | $211.1k | $17.68 |
11,940 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,068 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,583 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding two-story office building in the Meadowood submarket.
Where is this office building located?
The property is located at 5200 Neil Rd Reno, NV.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Freestanding two‑story professional office building.; Located along S McCarran Blvd with convenient freeway access.; Functional layouts with private offices, open bullpen, break room, and conference room.
