Office Building with
For Sale
$798,509
3045 Lakeside Drive, Reno, NV 89509
Commercial Sale, Reno, NV
Property Size2,563 SF
Lot Size0.27 Acres
Price / SF$258.42
Days on Market47
Property Features for 3045 Lakeside Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PO
Parking
8
Parking features
Parking Lot
Security features
Security Lighting
Window features
Vinyl Frames, Window Coverings, ENERGY STAR Qualified WIndows, Blinds, Double Pane Windows, Single Pane Window(s)
Subdivision
Brinkby
Lot features
Corner Lot, Landscaped, Level
Directions
Moana to Lakeside
Standard status
Active
APN
019-303-09
Size
3,090 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
3700
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
2
Flooring type
Laminate, Wood, Concrete, Carpet
Building materials
Brick Veneer, Frame, Stone, Wood Siding
Roof type
Asphalt, Flat, Tar/Gravel, Composition, Shingle
Additional Structures
Guest House
Listing Agency:
RE/MAX Professionals-Reno · RE/MAX International
(775) 345-3070
Listed By:
Sean Burke · License #S.189753
(775) 741-7269
Added: Jul 23
Changed: Aug 20
Last Checked: Sep 7 at 2:06PM
MLS# 260009447
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This PO-zoned office property includes a 2,563-square-foot professional building and a separate 527-square-foot studio apartment on a 0.27-acre parcel. The main structure has supported chiropractic operations and offers an arrangement suited to medical, wellness, or professional office use. Its upper level can accommodate additional rooms, a separate office suite, or other workspace. The detached studio provides a distinct second space for housing or work use. The business itself is excluded from the sale.
A refinished asphalt parking lot provides off-street parking for staff and visitors. The property is located at 3045 Lakeside Drive in Reno, near Virginia Lake and its walking loop. The surrounding area includes professional offices, service businesses, and multifamily housing. Plumb Lane provides access to Reno Public Market, grocery, dining, and retail, while Midtown, Downtown Reno, the university, and I-80 are accessible along the Virginia Street corridor. Public water and sewer serve the property, with central air and multiple heating systems.
A refinished asphalt parking lot provides off-street parking for staff and visitors. The property is located at 3045 Lakeside Drive in Reno, near Virginia Lake and its walking loop. The surrounding area includes professional offices, service businesses, and multifamily housing. Plumb Lane provides access to Reno Public Market, grocery, dining, and retail, while Midtown, Downtown Reno, the university, and I-80 are accessible along the Virginia Street corridor. Public water and sewer serve the property, with central air and multiple heating systems.
Key Highlights
- 2,563‑square‑foot professional office building plus separate 527‑square‑foot studio
- 0.27‑acre PO‑zoned parcel at 3045 Lakeside Drive, Reno, NV 89509
- Detached studio offers a separate living or workspace component
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
$54,623
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
6.84%
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%
$1,092,460
$1.1M
Cap Rate 7%
$780,329
$780.3K
Cap Rate 9%
$606,922
$606.9K
Market Conditions
NOI Build-Up for 3,090 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
$89.4K $28.92/SF
− Vacancy
−$16.5K −$5.35/SF
EGI
$72.8K $23.57/SF
− OpEx
−$18.2K −$5.89/SF
NOI
$54.6K $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%
$1,092,460
Cap Rate 7%
$780,329
Cap Rate 9%
$606,922
Alternative Uses
Best Use
Office B
$780.3K
$682.8K – $910.4K
NOI $54,623 @ 7.0% cap · market cap 6.84%
Second Best
Healthcare Medical
$685.7K
$600.0K – $799.9K
NOI $47,996 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$952.3K
$833.3K – $1.11M
NOI $66,661 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - PO-zoned professional office property with a detached studio, refinished parking lot, and central Reno positioning.
Where is this office building located?
The property is located at 3045 Lakeside Drive Reno, NV.
What is the asking price?
The asking price for this property is $798,509.
What are key features of this property?
This property features: 2,563‑square‑foot professional office building plus separate 527‑square‑foot studio; 0.27‑acre PO‑zoned parcel at 3045 Lakeside Drive, Reno, NV 89509; Detached studio offers a separate living or workspace component
