Retail Center with Freeway
For Sale
$7,300,000
210 SILVER LAKE ROAD, Reno, NV 89508
Newly completed four-tenant retail center in Reno with 100% occupancy and common-area expenses handled through leased CAM fees.
Property Size18,064 SF
Price / SF$404.12
Days on Market106
Property Features for 210 SILVER LAKE ROAD
General Information
Standard status
Active
Size
18,064 SF
Property subtype
Retail
Zoning
GC
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
18,064 SF
Year Built
2021
Tenancy
Multi
Listing Agency:
Johnson Group Commercial
Listed By:
Ryan Johnson, CCIM · License #NV #BS.1707
(775) 232-8551
Source:
Johnsongroup
Added: Jun 24
Changed: Sep 9
Last Checked: Oct 5 at 5:15PM
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 Johnson Group Commercial
Investment Insights
Based on property information with market context.
Red Rock Retail Center is a newly completed four-tenant retail building totaling 18,064 square feet. The property is offered for sale with 100% lease occupancy and is arranged to support ongoing leasing stability, with annual rent escalations and staggered expiration dates among the tenants. Common-area operations are handled through CAM fees, which the remarks state cover expenses related to owning, maintaining, managing, replacing, and operating the common areas.
The center is positioned in the North Valleys area of Reno, Nevada, with freeway visibility and direct access off Red Rock Road. The property is described as located under Medically Parked GC Zoning, with General Commercial Zoning noted as allowing an extensive list of uses.
For tenants and operators, the combination of a multi-tenant retail configuration and a General Commercial zoning designation can support a variety of retail and commercial applications within the zoning framework. For buyers, the stated 100% occupancy, built-in rent escalations, and staggered lease expirations provide a practical structure for managing leasing continuity while CAM fees cover common-area costs.
The center is positioned in the North Valleys area of Reno, Nevada, with freeway visibility and direct access off Red Rock Road. The property is described as located under Medically Parked GC Zoning, with General Commercial Zoning noted as allowing an extensive list of uses.
For tenants and operators, the combination of a multi-tenant retail configuration and a General Commercial zoning designation can support a variety of retail and commercial applications within the zoning framework. For buyers, the stated 100% occupancy, built-in rent escalations, and staggered lease expirations provide a practical structure for managing leasing continuity while CAM fees cover common-area costs.
Key Highlights
- Newly completed four‑tenant retail center in Reno, NV with 18,064 SF
- 100% lease occupancy
- Annual rent escalations and staggered expiration dates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,585
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,571,700
$4.6M
Cap Rate 7%
$3,265,500
$3.3M
Cap Rate 9%
$2,539,833
$2.5M
Market Conditions
NOI Build-Up for 18,064 SF
Gross rent
$357.7K $19.80/SF
− Vacancy
−$31.1K −$1.72/SF
EGI
$326.6K $18.08/SF
− OpEx
−$98.0K −$5.42/SF
NOI
$228.6K $12.65/SF
Area
Reno, NV
Vacancy
8.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,571,700
Cap Rate 7%
$3,265,500
Cap Rate 9%
$2,539,833
Alternative Uses
Best Use
Retail
$3.27M
$2.86M – $3.81M
NOI $228,585 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.57M
$4.87M – $6.49M
NOI $389,697 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89508, NV
13,394
Population
5,308
Households
2.5
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
150.1 sq mi
ZIP Area
89
Density / Sq Mi
$89,866
Median Household Income
$52,409
Median Earnings
$1,865
Median Rent
$429,900
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 Retail in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly completed four-tenant retail center in Reno with 100% occupancy and common-area expenses handled through leased CAM fees.
Where is this shopping center located?
The property is located at 210 SILVER LAKE ROAD Reno, NV.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Newly completed four‑tenant retail center in Reno, NV with 18,064 SF; 100% lease occupancy; Annual rent escalations and staggered expiration dates
