Two-Story Mixed-Use
For Sale
$1,150,000
235 W Pueblo Street, Reno, NV 89509
The building combines commercial and residential zoning with leasable areas and newly installed air-conditioning systems on both levels.
Property Size2,785 SF
Price / SF$412.93
Days on Market239
Property Features for 235 W Pueblo Street
General Information
Standard status
Active
Size
2,785 SF
Property subtype
Mixed Use
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,634
Building Details
Building Size
2,785 SF
Year Built
1962
Buildings
1
Stories
2
Listing Agency:
Realty One Group Eminence
Listed By:
Denise Wilson · License #BS.146450
(775) 240-3060
Source:
Kirschrealestateteam
Added: Mar 3
Changed: Oct 26
Last Checked: Oct 26 at 3:49PM
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 Realty One Group Eminence
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Investment Insights
Based on property information with market context.
This 2,785-square-foot, two-story mixed-use building has commercial and residential zoning. The main level is available for lease. Upstairs, the layout includes a reception area, a large room and an office; one upstairs space is occupied under a month-to-month lease, while other areas are offered for rent. New air-conditioning equipment, including condensers, serves both floors. Over the past 20 years, occupants have included karate studios, nail salons, spas, therapists and dance studios.
A rear lot is used for parking, with additional parking available on the street. The property is in Midtown Reno at 235 W Pueblo Street. The source also identifies the rear lot as a possible site for additional construction, subject to county regulations.
A rear lot is used for parking, with additional parking available on the street. The property is in Midtown Reno at 235 W Pueblo Street. The source also identifies the rear lot as a possible site for additional construction, subject to county regulations.
Key Highlights
- 2,785‑square‑foot, two‑story mixed‑use building
- Commercial and residential zoning
- New A/C system and condensers on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,642
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,840
$812.8K
Cap Rate 7%
$580,600
$580.6K
Cap Rate 9%
$451,578
$451.6K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$71.9K $25.80/SF
− Vacancy
−$6.8K −$2.45/SF
EGI
$65.0K $23.35/SF
− OpEx
−$24.4K −$8.76/SF
NOI
$40.6K $14.59/SF
Area
Reno, NV
Vacancy
9.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,840
Cap Rate 7%
$580,600
Cap Rate 9%
$451,578
Alternative Uses
Best Use
Mixed Use
$580.6K
$508.0K – $677.4K
NOI $40,642 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.3K
$751.0K – $1.00M
NOI $60,081 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,149
Businesses Nearby
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Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial and residential zoning with leasable areas and newly installed air-conditioning systems on both levels.
Where is this mixed-use property located?
The property is located at 235 W Pueblo Street Reno, NV.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,785‑square‑foot, two‑story mixed‑use building; Commercial and residential zoning; New A/C system and condensers on both floors
