Mixed-Use Building in
300 S Wells Ave. Reno, NV 89502
Mixed-use property with office, retail, and medical suites.
Type:Mixed Use, Retail, Office
Property size:
40,862 SFLot size:
2.30 AcresPrice / SF:
$339.44/SF- Added:
- May 14, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 28 at 10:33 am
Property Features for 300 S Wells Ave.
General Information
- Standard status
- Active
- Size
- 40,862 SF
- Lot size
- 2.30 Acres
- Property subtype
- Mixed Use, Retail, Office
Building Details
- Year Built
- 1972
Listing office Logic Commercial Real Estate Reno
Listing date May 14, 2026
Source Crexi
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.
The property at 300 S. Wells Ave. comprises two buildings totaling approximately 40,862 square feet on roughly 2.30 acres of land. This includes an approximately 40,253 square foot mixed-use building and an approximately 609 square foot residential conversion. Originally constructed in 1972 and renovated in 2019, the property includes renovated common area restrooms, HVAC, and electrical improvements, as well as a common area courtyard for tenants and their guests. Zoned Mixed-Use (MU), the building accommodates a diverse mix of office, retail, and medical office suites. Current tenants include Atelier Beauty Bar, The Mill Barre + Pilates, CNET Media, Tumbles, and Dorinda's Chocolates. The building benefits from its high-traffic location on a major thoroughfare into Downtown and MidTown Reno from I-580 and I-80, with frontage along S. Wells Ave. at approximately 17,920 CPD and Ryland St. at approximately 10,860 CPD. The property is surrounded by over 4,000 homes within a 0.5-mile radius, along with over 825 businesses in that same area. Situated along the primary connection between I-580, downtown, and MidTown, this property features exceptional visibility and access to a large and growing consumer base in one of Reno's most dynamic urban corridors.
Key Highlights
- High‑traffic location on S. Wells Ave. and Ryland St. connecting I‑580/I‑80 to Downtown and MidTown Reno.
- Diverse tenant mix including Atelier Beauty Bar, The Mill Barre + Pilates, CNET Media, Tumbles, and Dorinda's Chocolates.
- Renovated in 2019 with improvements to common area restrooms, HVAC, and electrical systems.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.18M | $28.92 |
| − Vacancy | −$218.6k | −$5.35 |
| EGI | $963.1k | $23.57 |
| − OpEx | −$240.8k | −$5.89 |
| NOI | $722.3k | $17.68 |
40,862 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.32M
$9.03M – $12.04M
NOI $722,332 @ 7.0% cap · market cap 5.21%
Second Best
Mixed Use
$8.52M
$7.45M – $9.94M
NOI $596,304 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$12.59M
$11.02M – $14.69M
NOI $881,521 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sierra & Sage Hair ...
Cosmetic Store
Dorinda's Chocolates HQ ...
Food Processing Plant
Kate Duzhenko Craig ...
Real Estate Agency
The Mill Barre + Pilates
Gym & Fitness Center
Brian G. Gibbons, ...
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with office, retail, and medical suites.
Where is this mixed-use property located?
The property is located at 300 S Wells Ave. Reno, NV.
What is the asking price?
The asking price for this property is $13,870,000.
What are key features of this property?
This property features: High‑traffic location on S. Wells Ave. and Ryland St. connecting I‑580/I‑80 to Downtown and MidTown Reno.; Diverse tenant mix including Atelier Beauty Bar, The Mill Barre + Pilates, CNET Media, Tumbles, and Dorinda's Chocolates.; Renovated in 2019 with improvements to common area restrooms, HVAC, and electrical systems.
