Midtown Reno Commercial
463 Moran Street lot N/W Corner Of Wells And Moran Street, Reno, NV 89502
- Added:
- Aug 21, 2025
- Days on Market:
- 276
- Last Refresh:
- May 23 at 4:06 pm
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
- Single Pane Window(s), Vinyl Frames
- Fencing
- Fenced
- Basement
- Unfinished
- Standard status
- Pending
- 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
- Shingle, Composition
Listing agent Jamie Nelson License #S.174113 (760) 390-4722
Listing office Ferrari-Lund Real Estate Reno 3700 Lakeside Drive, Suite 100, Sparks, NV (775) 688-4000
Listing date Aug 21, 2025
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.
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.
- Remodeled and Updated: Features hardwood planks, ceramic tile, fresh paint, and new windows.
- Garage Access to Basement: Offers convenient access and additional storage.
- Durable Construction: Built with brick and concrete, ensuring structural integrity.
Overview
This commercial property is located in Midtown Reno, a district known for its unique shops, restaurants, art galleries, and vibrant atmosphere. Situated south of downtown Reno, Midtown has undergone significant revitalization, transforming into a thriving hub with locally owned businesses, historic buildings, and art walks. The property features a charming remodeled building with hardwood planks, ceramic tile in the bathroom, fresh paint, and new windows. It offers over 2100 square feet of usable space and includes garage access to the basement. The property also has its own parking lot with the potential to accommodate at least a dozen cars. The location offers potential and opportunity for various business ventures.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$422.7K
NOI $38,042 @ 9.00% cap · cautious / downside scenario
Moderate
$543.5K
NOI $38,042 @ 7.00% cap · market / base-case scenario
Aggressive
$760.8K
NOI $38,042 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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 Profile
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.803399
- Latitude
- 39.521527
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Charming remodeled building in Midtown Reno with parking.
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.
