Multi-Tenant Retail
3350 Lakeside Ct., Reno, NV 89509
For Sale
Contact for pricing
Recent facade, interior, and signage work has refreshed the center and its individual retail spaces.
Property Size7,496 SF
Price / SF$423.83
Days on Market54
Property Features for 3350 Lakeside Ct.
General Information
Standard status
Size
Property subtype
Additional Details
Pylon Signage
Building Details
Tenancy
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Ian Cochran · License NV B.145434.LLC
(775) 225-0826
Source:
Crexi
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 12 at 5:21AM
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
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Investment Insights
Based on property information with market context.
This retail center contains 7,496 SF across four retail units, occupied by three tenants. Recent improvements include refreshed paint and facade work, interior updates in each tenant space, and new center and tenant signage. Landscaping improvements and parking lot slurry and restriping are planned.
The property is within walking distance of Virginia Lake, west of Moana Springs Community Center, and southeast of NevDex Sports Lab. The surrounding area includes a substantial residential presence and recent community development.
The property is within walking distance of Virginia Lake, west of Moana Springs Community Center, and southeast of NevDex Sports Lab. The surrounding area includes a substantial residential presence and recent community development.
Key Highlights
- 7,496 SF across four retail units
- Three tenants occupy the center
- Recent paint, facade, interior, and signage improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,856
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,897,120
$1.9M
Cap Rate 7%
$1,355,086
$1.4M
Cap Rate 9%
$1,053,956
$1.1M
Market Conditions
NOI Build-Up for 7,496 SF
Gross rent
$148.4K $19.80/SF
− Vacancy
−$12.9K −$1.72/SF
EGI
$135.5K $18.08/SF
− OpEx
−$40.7K −$5.42/SF
NOI
$94.9K $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 Rate 5%
$1,897,120
Cap Rate 7%
$1,355,086
Cap Rate 9%
$1,053,956
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $94,856 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,712 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Reno, NV
Similar Off Market Nearby
- Merlin's Magic Charms — Inside the, 4001 S Virginia St, Reno, NV 89502
- Reno Town Mall — 4001 S Virginia St, Reno, NV 89502
- NOVEDADES NAYA — 565 W Moana Ln, Reno, NV 89502, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Recent facade, interior, and signage work has refreshed the center and its individual retail spaces.
Where is this shopping center located?
The property is located at 3350 Lakeside Ct. Reno, NV.
What is the asking price?
The asking price for this property is $3,177,000.
What are key features of this property?
This property features: 7,496 SF across four retail units; Three tenants occupy the center; Recent paint, facade, interior, and signage improvements
