Retail Storefront
For Sale
Contact for pricing
3345 Kietzke Lane, Reno, NV 89502
For sale retail storefront property offering prominent visibility and convenient access along a major Reno commercial corridor.
Property Size10,500 SF
Price / SF$400
Days on Market107
Property Features for 3345 Kietzke Lane
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail, Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
ArchCrest Commercial Partners LLC
Listed By:
Kevin Annis SIOR, CCIM · License #NV 1000617
Source:
Crexi
Added: Jun 8
Changed: Sep 11
Last Checked: Sep 21 at 6:44AM
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 ArchCrest Commercial Partners LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront building at 3345 Kietzke Lane totals 10,500 square feet and is being offered for the first time in over 40 years. The property is presented as a functional space for businesses looking to establish or relocate on a well-known commercial thoroughfare.
The site is located along Kietzke Lane in Reno’s Central Corridor and is described as providing convenient access for clients and employees. The remarks indicate connectivity to South Virginia Street and Highways 580/395. The area is noted for a concentration of retail and dining, with adjacent proximity to the new Soccer District - Boulevard Reno.
With visibility and access emphasized in the offering, the property may fit users seeking a street-facing commercial address with straightforward access routes for customers. It is also potentially relevant for investors or owner-operators interested in acquiring a long-held retail building in the Reno-Sparks market, with the opportunity to determine the best tenant mix based on their business requirements and leasing goals.
The site is located along Kietzke Lane in Reno’s Central Corridor and is described as providing convenient access for clients and employees. The remarks indicate connectivity to South Virginia Street and Highways 580/395. The area is noted for a concentration of retail and dining, with adjacent proximity to the new Soccer District - Boulevard Reno.
With visibility and access emphasized in the offering, the property may fit users seeking a street-facing commercial address with straightforward access routes for customers. It is also potentially relevant for investors or owner-operators interested in acquiring a long-held retail building in the Reno-Sparks market, with the opportunity to determine the best tenant mix based on their business requirements and leasing goals.
Key Highlights
- Retail storefront property at 3345 Kietzke Lane along a major, heavily traveled Reno commercial thoroughfare
- Convenient connectivity to South Virginia Street and Highways 580/395
- Positioned in Reno’s Central Corridor near the new Soccer District – Boulevard Reno
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
$132,869
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
3.16%
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%
$2,657,380
$2.7M
Cap Rate 7%
$1,898,129
$1.9M
Cap Rate 9%
$1,476,322
$1.5M
Market Conditions
NOI Build-Up for 10,500 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
$207.9K $19.80/SF
− Vacancy
−$18.1K −$1.72/SF
EGI
$189.8K $18.08/SF
− OpEx
−$56.9K −$5.42/SF
NOI
$132.9K $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 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%
$2,657,380
Cap Rate 7%
$1,898,129
Cap Rate 9%
$1,476,322
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.21M
NOI $132,869 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,518 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Reno, NV
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property offering prominent visibility and convenient access along a major Reno commercial corridor.
Where is this storefront property located?
The property is located at 3345 Kietzke Lane Reno, NV.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Retail storefront property at 3345 Kietzke Lane along a major, heavily traveled Reno commercial thoroughfare; Convenient connectivity to South Virginia Street and Highways 580/395; Positioned in Reno’s Central Corridor near the new Soccer District – Boulevard Reno
