Building Details

Year Built 1974

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Colliers - Reno, Nevada

Listed By: Casey Scott CCIM · License #NV S.173901 Show Phone

Source: Crexi

Added: Apr 9 Changed: Oct 4 Last Checked: Oct 19 at 4:40AM

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Investment Insights

Based on property information with market context.

4965 Energy Way is a versatile industrial facility offering flexible demising options. Originally constructed in 1974, the building includes a new 60 MIL TPO roof installed in 8/2024 with a 20-year warranty. Power is supported by robust 1,000 Amp, 480/277V, 3-phase electrical service, supporting a wide range of distribution, manufacturing, and light industrial uses.

The property is centrally located in the Reno Airport Industrial submarket. It provides the ability to occupy the space as a single 60,000 SF facility or as multiple suites, depending on operational needs.

Set on 2.72 acres, this property is positioned for tenants or buyers seeking an adaptable industrial configuration with recent roofing improvements.

Key Highlights

• 60,060 SF industrial facility on 2.72 acres, built in 1974
• New 60 MIL TPO roof installed 8/2024 with 20‑year warranty
• 1,000 Amp, 480/277V 3‑phase electrical service for industrial and light manufacturing use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$413,440

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,268,800 $8.3M

Cap Rate 7%

$5,906,286 $5.9M

Cap Rate 9%

$4,593,778 $4.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 60,060 SF

Gross rent

$547.7K $9.12/SF

− Vacancy

−$61.3K −$1.02/SF

EGI

$486.4K $8.10/SF

− OpEx

−$73.0K −$1.21/SF

NOI

$413.4K $6.88/SF

Area

Reno, NV

Vacancy

11.20%

Lease Rate

$9.12 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,268,800

Cap Rate 7%

$5,906,286

Cap Rate 9%

$4,593,778

Alternative Uses

Best Use

Warehouse

$5.91M

$5.17M – $6.89M (±1% cap)

NOI $413,440 @ 7.0% cap · market cap 3.94%

Second Best

Industrial

$4.86M

$4.26M – $5.67M (±1% cap)

NOI $340,480 @ 7.0% cap · market cap 3.24%

Theoretical Best

Office A

$18.51M

$16.20M – $21.59M (±1% cap)

NOI $1,295,682 @ 7.0% cap · market cap 12.34%

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

Property Analytics

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Current Use

Leisure Supply Plumbing Service

Suggested Use

Top Pick Grocery & Convenience Store Hair Salon Bakery (Bike/Boat/Book/etc) Store Catering Service Computer & Electronic Repair

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

Lease Details

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

489

Businesses Nearby

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

4.8% 2019

4.7% 2020

2.1% 2021

1.8% 2022

4.9% 2023

12.4% 2024

14.6% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Versatile industrial building on 2.72 acres with a recently installed TPO roof and flexible demising options.

Where is this distribution center located?

The property is located at 4965 Energy Way Reno, NV.

What is the asking price?

The asking price for this property is $10,500,000.

What are key features of this property?

This property features: 60,060 SF industrial facility on 2.72 acres, built in 1974; New 60 MIL TPO roof installed 8/2024 with 20‑year warranty; 1,000 Amp, 480/277V 3‑phase electrical service for industrial and light manufacturing use