Freestanding Office
New
For Sale
$1,150,000
50 Continental Dr, Reno, NV 89509
A professional office property offers a manageable footprint with potential for division into separate suites.
Property Size3,408 SF
Price / SF$337.44
Days on Market1
Property Features for 50 Continental Dr
General Information
Standard status
Active
Size
3,408 SF
Class
C
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Building Size
3,408 SF
Year Built
2005
Buildings
1
Listing Agency:
Dickson Commercial Group
Listed By:
Travis Hansen · License #NV #Lic# S.170076 / PM 166389
(775) 624-3957
Source:
Corfac
Added: Oct 30
Last Checked: Oct 30 at 2:10PM
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 Dickson Commercial Group
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Investment Insights
Based on property information with market context.
At 50 Continental Drive in Reno, this freestanding professional office building contains approximately 3,408 square feet. Constructed in 2005, the property has potential to be divided into separate office areas.
Key Highlights
- Freestanding professional office building
- Approximately 3,408 SF
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,244
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,880
$1.2M
Cap Rate 7%
$860,629
$860.6K
Cap Rate 9%
$669,378
$669.4K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$98.6K $28.92/SF
− Vacancy
−$18.2K −$5.35/SF
EGI
$80.3K $23.57/SF
− OpEx
−$20.1K −$5.89/SF
NOI
$60.2K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,880
Cap Rate 7%
$860,629
Cap Rate 9%
$669,378
Alternative Uses
Best Use
Office B
$860.6K
$753.1K – $1.00M
NOI $60,244 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,521 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
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Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
Frequently Asked Questions
What type of property is this?
Office building - A professional office property offers a manageable footprint with potential for division into separate suites.
Where is this office building located?
The property is located at 50 Continental Dr Reno, NV.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Freestanding professional office building; Approximately 3,408 SF; Built in 2005
