Industrial Flex Building Near
For Sale
Contact for pricing
4050 S McCarran Blvd, Reno, NV 89502
Multi-tenant building near Airway Commerce Center, ideal for owner-operator.
Property Size15,531 SF
Price / SF$250.47
Days on Market170
Property Features for 4050 S McCarran Blvd
General Information
Standard status
Active
Size
15,531 SF
Class
C
Property subtype
Industrial, Retail
Zoning
IC
Building Details
Year Built
1999
Listing Agency:
Hallmark Investments & Management LLC
(775) 786-8488
Listed By:
Garrett Hallenbeck · License #NV B.48550
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$225,533
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
5.80%
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%
$4,510,660
$4.5M
Cap Rate 7%
$3,221,900
$3.2M
Cap Rate 9%
$2,505,922
$2.5M
Market Conditions
NOI Build-Up for 15,531 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
$326.2K $21.00/SF
− Vacancy
−$25.4K −$1.64/SF
EGI
$300.7K $19.36/SF
− OpEx
−$75.2K −$4.84/SF
NOI
$225.5K $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 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%
$4,510,660
Cap Rate 7%
$3,221,900
Cap Rate 9%
$2,505,922
Alternative Uses
Best Use
Specialty Retail
$3.22M
$2.82M – $3.76M
NOI $225,533 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$2.87M
$2.51M – $3.34M
NOI $200,581 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$4.79M
$4.19M – $5.58M
NOI $335,052 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
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.
