Single-Tenant NNN
For Sale
Contact for pricing
1595 Meadow Wood Ln, Reno, NV 89502
Net-lease structure supports contractual income with minimal landlord responsibilities.
Property Size26,740 SF
Price / SF$261.78
Days on Market57
Property Features for 1595 Meadow Wood Ln
General Information
Standard status
Active
Size
26,740 SF
Class
A
Property subtype
Office, Industrial
Zoning
MU
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$394,974
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Buildings
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Lee & Associates - Las Vegas
Listed By:
Lyle Chamberlain · License #NV 1000716
Source:
Crexi
Added: Jul 28
Changed: Sep 19
Last Checked: Sep 22 at 6:59PM
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 Lee & Associates - Las Vegas
Investment Insights
Based on property information with market context.
This 26,740-square-foot commercial property was built in 1991 and is configured as a single-tenant, net-leased asset. Entegris, Inc. (Nasdaq: ENTG) occupies the property as an established operating location. The lease structure provides contractual income and places minimal ongoing responsibilities on the landlord. MU zoning is in place.
The property is located at 1595 Meadow Wood Ln in Reno, within the Meadowood submarket. Its position south of South McCarran Boulevard provides access to I-580 and the McCarran loop, with nearby amenities serving the surrounding commercial area. The broader Reno-Sparks market includes advanced manufacturing, technology, distribution, and logistics activity.
The property is located at 1595 Meadow Wood Ln in Reno, within the Meadowood submarket. Its position south of South McCarran Boulevard provides access to I-580 and the McCarran loop, with nearby amenities serving the surrounding commercial area. The broader Reno-Sparks market includes advanced manufacturing, technology, distribution, and logistics activity.
Key Highlights
- 26,740‑square‑foot property built in 1991
- Single‑tenant net lease with minimal landlord responsibilities
- Leased to Entegris, Inc. (Nasdaq: ENTG)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$472,692
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,453,840
$9.5M
Cap Rate 7%
$6,752,743
$6.8M
Cap Rate 9%
$5,252,133
$5.3M
Market Conditions
NOI Build-Up for 26,740 SF
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.
Gross rent
$773.3K $28.92/SF
− Vacancy
−$143.1K −$5.35/SF
EGI
$630.3K $23.57/SF
− OpEx
−$157.6K −$5.89/SF
NOI
$472.7K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,453,840
Cap Rate 7%
$6,752,743
Cap Rate 9%
$5,252,133
Alternative Uses
Best Use
Office B
$6.75M
$5.91M – $7.88M
NOI $472,692 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.24M
$7.21M – $9.61M
NOI $576,865 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
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Frequently Asked Questions
What type of property is this?
NNN property - Net-lease structure supports contractual income with minimal landlord responsibilities.
Where is this nnn property located?
The property is located at 1595 Meadow Wood Ln Reno, NV.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 26,740‑square‑foot property built in 1991; Single‑tenant net lease with minimal landlord responsibilities; Leased to Entegris, Inc. (Nasdaq: ENTG)
