Freestanding Flex
For Sale
Contact for pricing
1900 Vassar St., Reno, NV 89502
Office and warehouse components support a range of commercial configurations, including R&D and light manufacturing uses.
Property Size9,545 SF
Price / SF$259.30
Days on Market72
Property Features for 1900 Vassar St.
General Information
Standard status
Active
Size
9,545 SF
Class
C
Property subtype
Industrial, Office
Zoning
Neighborhood Commercial (NC)
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
2,808 SF
Office Build-Out
6,737 SF
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Amenities
conference room
Building Details
Year Built
1969
Buildings
1
Building Size
9,545 SF
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Casey Prostinak · License #NV S.0177148.LLC
(775) 800-4100
Source:
Crexi
Added: Aug 4
Changed: Oct 8
Last Checked: Oct 12 at 7:43PM
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 Logic Commercial Real Estate Reno
Investment Insights
Based on property information with market context.
Located at 1900 Vassar St. in Reno, this 9,545-square-foot flex property combines office and warehouse components within a freestanding building. The warehouse area measures approximately 2,808 SF and offers 14-foot clear height, while approximately 6,737 SF is configured as office space. A 12'x12' grade-level door serves the warehouse portion.
The office area includes a large open section, a conference room, potential showroom space, and an out-of-service bank vault. The site also provides a fenced parking lot with a gate. Neighborhood Commercial (NC) zoning and the existing office-warehouse layout support consideration for R&D, flex, and light manufacturing applications.
The office area includes a large open section, a conference room, potential showroom space, and an out-of-service bank vault. The site also provides a fenced parking lot with a gate. Neighborhood Commercial (NC) zoning and the existing office-warehouse layout support consideration for R&D, flex, and light manufacturing applications.
Key Highlights
- 9,545‑square‑foot freestanding flex building at 1900 Vassar St., Reno, NV 89502
- Approximately 2,808 SF of warehouse space with 14‑foot clear height
- Approximately 6,737 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,730
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,374,600
$3.4M
Cap Rate 7%
$2,410,429
$2.4M
Cap Rate 9%
$1,874,778
$1.9M
Market Conditions
NOI Build-Up for 9,545 SF
Gross rent
$276.0K $28.92/SF
− Vacancy
−$51.1K −$5.35/SF
EGI
$225.0K $23.57/SF
− OpEx
−$56.2K −$5.89/SF
NOI
$168.7K $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 Rate 5%
$3,374,600
Cap Rate 7%
$2,410,429
Cap Rate 9%
$1,874,778
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,730 @ 7.0% cap · market cap 6.82%
Second Best
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,272 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,915 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,686
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse components support a range of commercial configurations, including R&D and light manufacturing uses.
Where is this flex space located?
The property is located at 1900 Vassar St. Reno, NV.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: 9,545‑square‑foot freestanding flex building at 1900 Vassar St., Reno, NV 89502; Approximately 2,808 SF of warehouse space with 14‑foot clear height; Approximately 6,737 SF of office space
