Remodeled Office Building with
463 Moran Street lot N/W Corner Of Wells And Moran Street Reno, NV 89502
463 Moran Street lot N/W Corner Of Wells And Moran Street, Reno, NV, 89502
$525,000
For Sale
$525,000
COMMERCIAL - Reno, NV
Property Size2,152 SF
Lot Size0.02 Acres
Price / SF$243.96
Days on Market331
Property Features for 463 Moran Street lot N/W Corner Of Wells And Moran Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- GC
- Parking
- 12
- Parking features
- Paved or Surfaced, Parking Lot
- Window features
- Vinyl Frames, Single Pane Window(s)
- Fencing
- Fenced
- Basement
- Unfinished
- Standard status
- Active
- APN
- 013-014-02
- Size
- 2,152 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2297
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Forced Air, Electric (Heating)
- Cooling system
- Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Brick, Concrete, Exterior Duct-Work is Insulated
- Roof type
- Composition, Shingle
Listing Agency
Ferrari-Lund Real Estate Reno
(775) 688-4000
3700 Lakeside Drive, Suite 100, Sparks, NV
Listed by
Jamie Nelson · License #S.174113
(760) 390-4722
Added: Aug 21, 2025 Checked: Jul 17 at 9:06 am
MLS# 250054928
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled office building offers usable office space of more than 2,100 square feet. The interior includes hardwood plank finishes and ceramic tile in the bathroom, with the property also described as freshly painted and fitted with new windows. Additional access includes garage entry to the basement, supporting flexible back-of-house storage or operational use.
The property is located in Midtown Reno, south of downtown, at 463 Moran Street on the NW corner of Wells and Moran Street. Midtown is described as a popular destination for locals and tourists, with a mix of locally owned businesses, historic buildings, and art-focused events.
Designed for an owner-operator or tenant needing dedicated parking, the building includes an on-site parking lot that could hold at least a dozen cars. With zoning identified as GC, the property may be suitable for commercial office use, depending on tenant requirements and permitting for the intended operation.
The property is located in Midtown Reno, south of downtown, at 463 Moran Street on the NW corner of Wells and Moran Street. Midtown is described as a popular destination for locals and tourists, with a mix of locally owned businesses, historic buildings, and art-focused events.
Designed for an owner-operator or tenant needing dedicated parking, the building includes an on-site parking lot that could hold at least a dozen cars. With zoning identified as GC, the property may be suitable for commercial office use, depending on tenant requirements and permitting for the intended operation.
Key Highlights
- Prime Midtown Reno Location: Benefit from a vibrant, revitalized district.
- Ample Parking: Includes a private parking lot with space for at least a dozen cars.
- Substantial Useable Space: Over 2100 sq ft provides flexibility.
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
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Remodeled office building with updated interior finishes and an on-site parking lot for at least a dozen cars.
Where is this office building located?
The property is located at 463 Moran Street lot N/W Corner Of Wells And 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: Prime Midtown Reno Location: Benefit from a vibrant, revitalized district.; Ample Parking: Includes a private parking lot with space for at least a dozen cars.; Substantial Useable Space: Over 2100 sq ft provides flexibility.
