Add Listing
    For Lease
    • 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

    5301 Longley Ln Reno, NV 89511

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.10 SF/Yr

    Well-appointed flex space in high-traffic Reno location.

    Property size:
    4,915 SF
    Lot size:
    4,915 SF

    Property Features for 5301 Longley Ln

    General Information

    Standard status
    Active
    Size
    4,915 SF

    We can help!

    Listing Contact
    Tomi Jo Lynch
    Source: Cbre

    Listing Agent: Tomi Jo Lynch

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

    Learn more

    Overview

    Reno Flex Space Available

    This 4,915-square-foot flex space is located in a desirable, high-traffic location with close proximity to workforce and amenities. The property features well-appointed office space and includes 12-foot grade-level doors and a 14-foot clear height. It also has 3-phase power and ample parking. The roof was replaced in 2023.
    Location Intelligence

    Current Use by Public Records

    Francesco J. Sinopoli, ... Alternative Medicine Practice Great Basin Youth ... Sports School PremiereHTS Production Facility Shawn Kelley: Allstate ... Insurance Agency Silverback Strength and Conditioning Gym & Fitness Center

    Suggested Use

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

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

    Similar Places Nearby

    Biggest Little Beer Truck, Corporate Caterers of Reno, Savory Catering, Paisan's Old World Deli & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7669953
    Latitude
    39.474462

    Nearby Similar for Lease

    • Contact for pricing

      NV, Reno - Double R Blvd

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

      NV, Reno - 300 E 2nd St

      Flexible workspace in NV, Reno - 300 E 2nd St
      300 2Nd St, Reno, NV 89501
      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

      Mountain View Corporate

      Discover many ways to work your way in Mountain View Corporate
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Sponsored
      Contact for pricing

      Downtown Reno

      Discover many ways to work your way in Downtown Reno
      200 Virginia St, Reno, NV 89501
      View Details
    • $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
    • $277,200
      2,800 SF

      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $365,904
      3,388 SF

      Retail Space in Reno, NV

      Commercial space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • Contact for pricing

      Class A Office Building

      Multi-tenant office building in Reno's central Meadowood submarket.
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Medical Office Space on Campus

      Class A medical office space for rent on St. Mary's campus.
      343 Elm St, Reno, NV 89503
      View Details
    • Contact for pricing

      Class A Office Building

      Two-story office building with mountain views and high visibility.
      10615 Professional Cir, Reno, NV 89521
      View Details
    • Contact for pricing

      Downtown Reno Office Space

      Office space in the heart of Downtown Reno.
      100 North Sierra St, Reno, NV 89501
      View Details

    FAQs

    What type of property is this?
    Flex space - Well-appointed flex space in high-traffic Reno location.
    Where is this flex space located?
    The property is located at 5301 Longley Ln Reno, NV.
    What is the lease rate?
    The lease rate is $1.10 SF/Yr.
    What are key features of this property?
    This property features: - Desirable high traffic location; - Ample parking; - Close proximity to workforce and amenities
    Request Owner's contact information
    5301 Longley Ln Reno, NV 89511
    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.
    5301 Longley Ln
    Reno, NV 89511
    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
    5301 Longley Ln Reno, NV 89511
    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
    Tomi Jo Lynch
    Real Estate License ID: BS.0144992
    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!