Building Details

Building Size 4,596 SF

Year Built 1981

Buildings 1

Listed By: Pat Riggs · License #NV #Lic# S.180878 Show Phone

Source: Corfac

Added: Sep 16 Changed: Nov 4 Last Checked: Nov 4 at 11:01AM

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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 Pat Riggs

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Investment Insights

Based on property information with market context.

This freestanding office property provides approximately 3,244 square feet of building area along with approximately 1,352 square feet of usable basement space. Built in 1981, the property offers a main building and additional lower-level area within a dedicated commercial setting.

The site encompasses approximately 0.516 acres at 4845 Sun Valley Blvd, Sun Valley, NV 89433. The combination of above-grade office area, usable basement space, and a freestanding configuration gives the property a practical layout for office-oriented occupancy.

Key Highlights

• Approximately 3,244 SF of building area
• Approximately 1,352 SF of usable basement space
• Freestanding commercial property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,528

Cap Rate

7.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,530,560 $1.5M

Cap Rate 7%

$1,093,257 $1.1M

Cap Rate 9%

$850,311 $850.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,596 SF

Gross rent

$115.8K $25.20/SF

− Vacancy

−$13.8K −$3.00/SF

EGI

$102.0K $22.20/SF

− OpEx

−$25.5K −$5.55/SF

NOI

$76.5K $16.65/SF

Area

Washoe County, NV

Vacancy

11.90%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,530,560

Cap Rate 7%

$1,093,257

Cap Rate 9%

$850,311

Alternative Uses

Best Use

Office B

$1.09M

$956.6K – $1.28M (±1% cap)

NOI $76,528 @ 7.0% cap · market cap 7.03%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.69M

$1.47M – $1.97M (±1% cap)

NOI $117,964 @ 7.0% cap · market cap 10.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

144

Businesses Nearby

Explore this area Business Placement

Demographics for 89433, NV

22,065

Population

7,531

Households

2.9

Avg Household Size

34

Median Age

9%

College-Educated

67%

High-School Grad

11.1 sq mi

ZIP Area

1,988

Density / Sq Mi

$74,208

Median Household Income

$37,366

Median Earnings

$1,197

Median Rent

$321,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - Commercial property with additional usable basement space on a substantial site.

Where is this office building located?

The property is located at 4845 Sun Valley Blvd Sun Valley, NV.

What is the asking price?

The asking price for this property is $1,088,000.

What are key features of this property?

This property features: Approximately 3,244 SF of building area; Approximately 1,352 SF of usable basement space; Freestanding commercial property