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    Industrial Flex Building Near Airport Title is generated by Realmo AI

    4050 S McCarran Blvd, Reno, NV 89502

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    Multi-tenant building near Airway Commerce Center, ideal for owner-operator.

    Type:Industrial, Retail
    Property size:
    15,531 SF
    Price / SF:
    $250/SF
    Added:
    Mar 2, 2026
    Days on Market:
    78
    Last Refresh:
    Mar 16 at 1:46 pm

    Property Features for 4050 S McCarran Blvd

    General Information

    Standard status
    Active
    Size
    15,531 SF
    Property subtype
    Industrial, Retail

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Garrett Hallenbeck
    Garrett Hallenbeck

    Listing agent Garrett Hallenbeck License #NV B.48550

    Listing office Hallmark Investments & Management LLC

    Listing date Mar 2, 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 Hallmark Investments & Management LLC

    HighLights

    • Premier location next to the Airway Commerce Center and Reno‑Tahoe International Airport.
    • Turnkey restaurant/bar infrastructure with commercial kitchen and bar setup.
    • Value‑add opportunity to capitalize on the workforce boom and demand for on‑site dining.
    • Heavy traffic location on S. McCarran Blvd with seamless connectivity to I‑580.
    • Multi‑tenant industrial flex commercial building suitable for owner‑operator or investment user.
    • 15,531 SF building built in 1999.

    Overview

    This multi-tenant industrial flex commercial building, with a total area of 15,531 square feet, is located next to the Airway Commerce Center (3000–3030 Airway Drive, directly adjacent to the Reno-Tahoe International Airport), an 890,000+ square foot Class A industrial park. The property is positioned as a natural "hub" amenity in Reno's growing industrial submarket. The location provides heavy traffic on South McCarran Boulevard and seamless connectivity to I-580, the Reno-Tahoe International Airport, and the Airway Commerce Center ecosystem. One of the units is equipped with a commercial kitchen and bar setup, making it suitable for immediate operation or rebranding as a sports bar, casual eatery, brewpub, or employee-focused dining spot. The property is located in South Reno's airport-industrial corridor, next to the Airway Commerce Center, which is driving workforce influx, daily traffic, and demand for on-site dining and amenities. The location is ideal for quick lunches, after-shift gatherings, sports viewing, or catering to nearby facilities. The park's strategic airport adjacency amplifies traffic from logistics, aviation support, and related businesses. The property is suitable for distribution, manufacturing, and flex spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Highland Floors Inc. General Contractor Delizie Foods LLC Take-out & Catering Coach's Grill & Sports ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Biggest Little Beer Truck — 5305 Reno Corporate Dr, Reno, NV 89511
    • cherry bomb catering — 4826 Longley Ln, Reno, NV 89502
    • Corporate Caterers of Reno — 5303 Louie Ln #4, Reno, NV 89511
    • Savory Catering — 5422 Longley Ln suite a, Reno, NV 89511
    • Paisan's Old World Deli & Catering — 6550 Longley Ln Suite 110, Reno, NV 89511

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7667327
    Latitude
    39.4762884

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant building near Airway Commerce Center, ideal for owner-operator.
    Where is this flex space located?
    The property is located at 4050 S McCarran Blvd Reno, NV.
    What is the asking price?
    The asking price for this property is $3,890,000.
    What are key features of this property?
    This property features: Premier location next to the Airway Commerce Center and Reno‑Tahoe International Airport.; Turnkey restaurant/bar infrastructure with commercial kitchen and bar setup.; Value‑add opportunity to capitalize on the workforce boom and demand for on‑site dining.
    (775) 786-8488 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Hallenbeck
    Garrett Hallenbeck
    Real Estate License ID: NV B.48550
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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