Remodeled Office
463 Moran Street Reno, NV 89502
463 Moran Street, Reno, NV, 89502
$525,000
For Sale
$525,000
Remodeled office building with new windows, painted interior, ceramic tile bathroom, and access to a dedicated parking lot.
Property Size2,152 SF
Price / SF$243.96
Days on Market339
Property Features for 463 Moran Street
General Information
- Standard status
- Active
- Size
- 2,152 SF
- Property subtype
- Office
Building Details
- Year Built
- 1940
Listing agency
Ferrari-Lund Real Estate Reno
(760) 390-4722
Listed by
Jamie Nelson · License #S.174113
(760) 390-4722
Source
Xome
Added: Aug 19, 2025 Updated: Jul 22 at 6:36PM Checked: Jul 22 at 6:36PM
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 Ferrari-Lund Real Estate Reno
Investment Insights
Based on property information with market context.
This remodeled office building offers over 2,100 square feet of usable space with hardwood flooring and ceramic tile in the bathroom. Updates include fresh paint and new windows, and the property includes garage access to the basement.
The building is located in Midtown Reno, positioned south of downtown Reno. The surrounding area is described as a popular destination with locally owned businesses and historic buildings, including unique shops, restaurants, art galleries, and art walks.
For parking, the property provides access to a dedicated parking lot that could hold at least a dozen cars. The configuration and improvements make the building suitable for an office use where on-site parking and basement access are important.
The building is located in Midtown Reno, positioned south of downtown Reno. The surrounding area is described as a popular destination with locally owned businesses and historic buildings, including unique shops, restaurants, art galleries, and art walks.
For parking, the property provides access to a dedicated parking lot that could hold at least a dozen cars. The configuration and improvements make the building suitable for an office use where on-site parking and basement access are important.
Key Highlights
- Remodeled office building with new windows, freshly painted interior, and ceramic tile in the bathroom
- Over 2,100 sq ft of usable space
- Dedicated parking lot with 12 parking spaces, including disabled parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $28.92 |
| − Vacancy | −$11.5k | −$5.35 |
| EGI | $50.7k | $23.57 |
| − OpEx | −$12.7k | −$5.89 |
| NOI | $38.0k | $17.68 |
2,152 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$543.5K
$475.5K – $634.0K
NOI $38,042 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Remodeled office building with new windows, painted interior, ceramic tile bathroom, and access to a dedicated parking lot.
Where is this office building located?
The property is located at 463 Moran Street Reno, NV.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Remodeled office building with new windows, freshly painted interior, and ceramic tile in the bathroom; Over 2,100 sq ft of usable space; Dedicated parking lot with 12 parking spaces, including disabled parking
