Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Class A Industrial Facility Title is generated by Realmo AI

    Electric Ave, McCarran, NV 89437

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A industrial facility at Tahoe Reno Industrial Center.

    Type:Industrial
    Added:
    Jun 18, 2024
    Days on Market:
    712
    Last Refresh:
    May 12 at 9:29 pm

    Property Features for Electric Ave

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at Electric Ave Contact us

    We can help!

    Listing Contact
    Casey Scott CCIM

    Listing agent Casey Scott CCIM License #NV S.173901

    Listing office Colliers - Reno, Nevada

    Listing date Jun 18, 2024

    Source Crexi

    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 Colliers - Reno, Nevada

    HighLights

    • Class A Industrial Facility: High‑quality construction and modern design.
    • Strategic Location: Situated at the entrance to Tahoe Reno Industrial Center (TRI Center).
    • Superior Access: Located less than a mile off Interstate 80 on USA Parkway.
    • Strong Parking: Ample parking space available.
    • Concrete Tilt Construction: Durable and reliable building material.
    • Energy Efficiency: Designed for reduced energy consumption.

    Overview

    A Class A single-loaded industrial facility is under development at 125 Electric Avenue, situated at the entrance to Tahoe Reno Industrial Center. The property is strategically positioned at the front of TRI Center on USA Parkway, less than a mile from Interstate 80, at the intersection of USA Parkway and Electric Avenue. This Class A concrete tilt construction offers superior access, ample parking, and energy efficiency.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    McCarran
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7526886
    Latitude
    39.5349112

    Nearby Similar for Lease

    • Contact for pricing
      322,400 SF

      Industrial Development in Tahoe Reno

      New industrial development with 161,200 SF available for lease.
      500 Denmark Drive, McCarran, NV, 89437
      View Details
    • Contact for pricing
      327,180 SF

      McCarran Warehouse Space Available

      327,180 sqft warehouse space for rent in McCarran, Nevada.
      2170 USA Parkway, McCarran, NV, 89437
      View Details
    • Contact for pricing
      434,480 SF

      McCarran Warehouse Space Available

      434,480 sqft warehouse space in McCarran, Nevada.
      1200 USA Parkway, McCarran, NV, 89437
      View Details
    • Contact for pricing
      692,720 SF

      McCarran Industrial Warehouse Space

      Large industrial warehouse space available for lease in McCarran.
      265 Milan Dr, McCarran, NV
      View Details

    FAQs

    What type of property is this?
    Industrial property - Class A industrial facility at Tahoe Reno Industrial Center.
    Where is this industrial property located?
    The property is located at Electric Ave McCarran, NV.
    What are key features of this property?
    This property features: Class A Industrial Facility: High‑quality construction and modern design.; Strategic Location: Situated at the entrance to Tahoe Reno Industrial Center (TRI Center).; Superior Access: Located less than a mile off Interstate 80 on USA Parkway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Casey Scott CCIM
    Real Estate License ID: NV S.173901
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Electric Ave, McCarran, NV 89437
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!