Reno Warehouse with Expansion
For Sale
$22,438,000
14444 Lear Boulevard, Reno, NV 89506
143,120 SF warehouse with expansion or paved yard flexibility.
Property Size143,120 SF
Lot Size2.95 Acres
Price / SF$156.78
Days on Market145
Property Features for 14444 Lear Boulevard
General Information
Standard status
Active
Size
143,120 SF
Lot size
2.95 Acres
Property subtype
Industrial
Listing Agency:
CBRE | Reno
Listed By:
Tomi Jo Lynch · License #BS.0144992
(775) 321-4484
Source:
Cbre
Added: May 22
Changed: Oct 10
Last Checked: Oct 12 at 4:35PM
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 CBRE | Reno
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 143,120-square-foot warehouse. The property includes a two-story office space of approximately 7,980 square feet. The warehouse has a clear height of 24 feet and column spacing of 36 feet by 36 feet. It is equipped with 12 dock doors and one ground-level door. The property includes approximately 2.95 acres of excess land, offering the potential to expand the building by an additional 46,000 square feet or to create a paved yard for trailer parking. Power is supplied by a 900 amp, 277/480v, 3-phase system. There are 35 parking spaces available.
Key Highlights
- Substantial Available Space: ±143,120 SF suitable for large‑scale operations.
- Significant Expansion Potential: Opportunity to add ±46,000 SF or develop a paved yard.
- ±2.95 Acres of Excess Land provides flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$985,206
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,704,120
$19.7M
Cap Rate 7%
$14,074,371
$14.1M
Cap Rate 9%
$10,946,733
$10.9M
Market Conditions
NOI Build-Up for 143,120 SF
Gross rent
$1.31M $9.12/SF
− Vacancy
−$146.2K −$1.02/SF
EGI
$1.16M $8.10/SF
− OpEx
−$173.9K −$1.21/SF
NOI
$985.2K $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%
$19,704,120
Cap Rate 7%
$14,074,371
Cap Rate 9%
$10,946,733
Alternative Uses
Best Use
Warehouse
$14.07M
$12.32M – $16.42M
NOI $985,206 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$11.59M
$10.14M – $13.52M
NOI $811,346 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$44.11M
$38.59M – $51.46M
NOI $3,087,545 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Reno, NV
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Frequently Asked Questions
What type of property is this?
Warehouse - 143,120 SF warehouse with expansion or paved yard flexibility.
Where is this warehouse located?
The property is located at 14444 Lear Boulevard Reno, NV.
What is the asking price?
The asking price for this property is $22,438,000.
What are key features of this property?
This property features: Substantial Available Space: ±143,120 SF suitable for large‑scale operations.; Significant Expansion Potential: Opportunity to add ±46,000 SF or develop a paved yard.; ±2.95 Acres of Excess Land provides flexibility.
