325 E 4th St, Reno, NV 89512

Building Details

Building Size 11,977 SF More

Year Built 1902 More

Buildings 1 More

Stories 3 More

Construction brick More

Listing Agency: Dickson Commercial Group

Listed By: Chris Shanks · License #NV #Lic# S.167217 Show Phone

Source: Corfac

Added: Sep 19 Changed: Nov 6 Last Checked: Nov 6 at 5:56AM

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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 Dickson Commercial Group

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Located at 325 E 4th St in Reno, this three-story brick storefront property occupies a prominent position within the city’s historic Fourth Street District. The building’s multi-level configuration and masonry construction provide a distinctive foundation for continued commercial use or repositioning.

The property was originally developed as the Nevada-California-Oregon Railway headquarters, adding a documented historical connection to the building’s identity. Its storefront classification supports consideration for retail-oriented occupancy.

Key Highlights

• Three‑story brick commercial building
• Located in Reno’s historic Fourth Street District
• Originally developed as the Nevada‑California‑Oregon Railway headquarters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$173,924

Cap Rate

4.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,478,480 $3.5M

Cap Rate 7%

$2,484,629 $2.5M

Cap Rate 9%

$1,932,489 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,977 SF

Gross rent

$251.5K $21.00/SF

− Vacancy

−$19.6K −$1.64/SF

EGI

$231.9K $19.36/SF

− OpEx

−$58.0K −$4.84/SF

NOI

$173.9K $14.52/SF

Area

Reno, NV

Vacancy

7.80%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,478,480

Cap Rate 7%

$2,484,629

Cap Rate 9%

$1,932,489

Alternative Uses

Best Use

Specialty Retail

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,924 @ 7.0% cap · market cap 4.38%

Second Best

Retail

$2.17M

$1.89M – $2.53M (±1% cap)

NOI $151,559 @ 7.0% cap · market cap 3.81%

Theoretical Best

Office A

$3.69M

$3.23M – $4.31M (±1% cap)

NOI $258,381 @ 7.0% cap · market cap 6.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Depot Craft Brewery ... Production Facility

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Storage Facility Electrical Service Kitchen & Bath Showroom Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,650

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 89512, NV

30,148

Population

12,374

Households

2.4

Avg Household Size

30

Median Age

18%

College-Educated

76%

High-School Grad

6.2 sq mi

ZIP Area

4,863

Density / Sq Mi

$45,284

Median Household Income

$34,587

Median Earnings

$1,113

Median Rent

$318,400

Median Home Value

Market

Vacancy Rate% for Industrial in Reno, NV

4.8% 2019

4.7% 2020

2.1% 2021

1.8% 2022

4.9% 2023

12.4% 2024

14.6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building situated in Reno’s historic Fourth Street District.

Where is this storefront property located?

The property is located at 325 E 4th St Reno, NV.

What is the asking price?

The asking price for this property is $3,975,000.

What are key features of this property?

This property features: Three‑story brick commercial building; Located in Reno’s historic Fourth Street District; Originally developed as the Nevada‑California‑Oregon Railway headquarters