Industrial Flex Facility with
For Sale
Contact for pricing
4965 Energy Way, Reno, NV 89502
Versatile industrial building on 2.72 acres with a recently installed TPO roof and flexible demising options.
Property Size60,060 SF
Lot Size2.72 Acres
Price / SF$174.83
Days on Market149
Property Features for 4965 Energy Way
General Information
Standard status
Active
Size
60,060 SF
Lot size
2.72 Acres
Property subtype
Industrial
Lease Type
NNN
Additional Details
Heavy Power
Yes
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
(775) 823-6630
Source:
Crexi
Added: Apr 9
Changed: Sep 2
Last Checked: Sep 3 at 5:35AM
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 Colliers - Reno, Nevada
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$413,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,268,800
$8.3M
Cap Rate 7%
$5,906,286
$5.9M
Cap Rate 9%
$4,593,778
$4.6M
Market Conditions
NOI Build-Up for 60,060 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $413,440 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$4.86M
$4.26M – $5.67M
NOI $340,480 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$18.51M
$16.20M – $21.59M
NOI $1,295,682 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
