Two-Unit Flex
4970 Joule St, Reno, NV 89502
For Sale
New
$9,000,000
The single-story layout is fully leased and accommodates two separate units.
Property Size46,000 SF
Price / SF$195.65
Days on Market4
Property Features for 4970 Joule St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Net Operating Income
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Listed By:
Lisa Read · License NV BS.0032915
(775) 225-5659
Source:
Cpmnv
Added: Nov 10
Last Checked: Nov 12 at 6:12AM
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 Lisa Read
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story flex property contains 46,000 square feet in a single building arranged as two units. Constructed in 1972, the asset is fully occupied and supports industrial and flex use.
The property is located at 4970 Joule St in Reno, Nevada, and is zoned IC.
The property is located at 4970 Joule St in Reno, Nevada, and is zoned IC.
Key Highlights
- 46,000‑square‑foot building arranged as two units
- 100% occupancy
- One‑story flex property built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$594,083
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,881,660
$11.9M
Cap Rate 7%
$8,486,900
$8.5M
Cap Rate 9%
$6,600,922
$6.6M
Market Conditions
NOI Build-Up for 46,000 SF
Gross rent
$1.02M $22.20/SF
− Vacancy
−$107.2K −$2.33/SF
EGI
$914.0K $19.87/SF
− OpEx
−$319.9K −$6.95/SF
NOI
$594.1K $12.91/SF
Area
Reno, NV
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,881,660
Cap Rate 7%
$8,486,900
Cap Rate 9%
$6,600,922
Alternative Uses
Best Use
Flex RnD
$8.49M
$7.43M – $9.90M
NOI $594,083 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$3.73M
$3.26M – $4.35M
NOI $260,774 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$14.18M
$12.40M – $16.54M
NOI $992,364 @ 7.0% cap · market cap 11.03%
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Washoe County
Vacancy Rate% for Industrial in Reno, NV
Similar Off Market Nearby
- Daddy's Tacos NV — 4840 Mill St #8, Reno, NV 89502
Frequently Asked Questions
What type of property is this?
Flex space - The single-story layout is fully leased and accommodates two separate units.
Where is this flex space located?
The property is located at 4970 Joule St Reno, NV.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 46,000‑square‑foot building arranged as two units; 100% occupancy; One‑story flex property built in 1972
