North Valleys Industrial
14291 Lear Blvd Reno, NV 89506
14291 Lear Blvd, Reno, NV, 89506
Contact for pricing
For Sale
Contact for pricing
144,219 SF industrial building with office space for sale.
Property Size144,219 SF
Price / SF$114.41
Days on Market747
Property Features for 14291 Lear Blvd
General Information
- Standard status
- Active
- Size
- 144,219 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1982
Listing Agency
Dickson Commercial Group
Listed by
Travis Hansen · License #NV 75595
Source
Crexi
Added: Jul 1, 2024 Checked: Jul 17 at 9:45 am
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 144,219 square foot industrial building is located in the North Valleys industrial submarket. The property includes 8,197 square feet of office space and is available for sale or lease. It features 6 dock-high doors, 4 drive-in doors, and 4 additional outside covered dock-high doors. The office space is equipped with an HVAC system. Clear heights within the building range up to 29 feet 5 inches.
Key Highlights
- Large industrial building offering 144,219 square feet
- Multiple loading options including 6 dock‑high doors and 4 drive‑in doors, plus 4 additional outside covered dock‑high doors
- Located in the North Valleys industrial submarket
Local Financial Insights For Warehouse
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 | $1.32M | $9.12 |
| − Vacancy | −$147.3k | −$1.02 |
| EGI | $1.17M | $8.10 |
| − OpEx | −$175.2k | −$1.21 |
| NOI | $992.8k | $6.88 |
144,219 SF · lease $9.12/SF/yr · vacancy 11.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$36.42M
$31.87M – $42.49M
NOI $2,549,410 @ 7.0% cap · market cap 15.45%
Second Best
Warehouse
$14.18M
$12.41M – $16.55M
NOI $992,771 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$44.45M
$38.89M – $51.85M
NOI $3,111,254 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daimler PDC
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- StorQuest Self Storage — 13400 Stead Blvd, Reno, NV 89506
- Americold Logistics Reno — 6995 Resource Dr, Reno, NV 89506
- SMITH STORAGE SYSTEMS — 13951 Mt Bismark St, Reno, NV 89506
- Silver Lake Boat, Car, & RV Storage — 9985 Moya Blvd, Reno, NV 89506
FAQs
What type of property is this?
Warehouse - 144,219 SF industrial building with office space for sale.
Where is this warehouse 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: Large industrial building offering 144,219 square feet; Multiple loading options including 6 dock‑high doors and 4 drive‑in doors, plus 4 additional outside covered dock‑high doors; Located in the North Valleys industrial submarket
