Building Details

Year Built 1992

Buildings 1

Tenancy Single

Building Size 38,706 SF

Construction tilt-up concrete

Listing Agency: Logic Commercial Real Estate Reno

Listed By: Michael Keating · License #NV# S.174942 Show Phone

Source: Crexi

Added: Aug 12 Changed: Sep 21 Last Checked: Oct 5 at 7:14PM

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Investment Insights

Based on property information with market context.

This single-tenant warehouse comprises ±38,706 SF on a ±7.74 AC parcel designated Industrial. Constructed in 1992, the facility uses concrete tilt-up construction and includes 11 exterior dock doors, one drive-in door, and 18 surface parking spaces. The property is reported at 100% occupancy.

An existing cell phone tower provides an additional income component. The facility is located at 12800 Moya Blvd., Reno, NV 89506.

Key Highlights

• ±38,706 SF industrial warehouse on a ±7.74 AC parcel
• Industrial zoning
• Concrete tilt‑up construction, built in 1992

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$266,443

Cap Rate

2.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,328,860 $5.3M

Cap Rate 7%

$3,806,329 $3.8M

Cap Rate 9%

$2,960,478 $3.0M

Market Conditions

NOI Build-Up for 38,706 SF

Gross rent

$353.0K $9.12/SF

− Vacancy

−$39.5K −$1.02/SF

EGI

$313.5K $8.10/SF

− OpEx

−$47.0K −$1.21/SF

NOI

$266.4K $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%

$5,328,860

Cap Rate 7%

$3,806,329

Cap Rate 9%

$2,960,478

Alternative Uses

Best Use

Warehouse

$3.81M

$3.33M – $4.44M (±1% cap)

NOI $266,443 @ 7.0% cap · market cap 2.96%

Second Best

Industrial

$3.13M

$2.74M – $3.66M (±1% cap)

NOI $219,424 @ 7.0% cap · market cap 2.44%

Theoretical Best

Office A

$11.93M

$10.44M – $13.92M (±1% cap)

NOI $835,009 @ 7.0% cap · market cap 9.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Cardinal Logistics Management Logistics Company Miq Logistics Freight Service GM XDOCK 86 Corporate Office

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store HVAC Service Auto Repair Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Reno, NV

4.8% 2019

4.7% 2020

2.1% 2021

1.8% 2022

4.9% 2023

12.4% 2024

14.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Concrete tilt-up construction with dock access, a drive-in door, and surface parking supports industrial operations.

Where is this warehouse located?

The property is located at 12800 Moya Blvd. Reno, NV.

What is the asking price?

The asking price for this property is $9,000,000.

What are key features of this property?

This property features: ±38,706 SF industrial warehouse on a ±7.74 AC parcel; Industrial zoning; Concrete tilt‑up construction, built in 1992