Reno Retail Property For
For Sale
Contact for pricing
5000 Smithridge Dr, Reno, NV
Retail property available for sale in Reno, Nevada.
Property Size46,834 SF
Lot Size3.71 Acres
Price / SF$298.93
Days on Market450
Property Features for 5000 Smithridge Dr
General Information
Standard status
Active
Size
46,834 SF
Lot size
3.71 Acres
Property subtype
RETAIL
Listing Agency:
Logic Commercial Real Estate | Reno
(775) 800-4100
Listed By:
Ian Cochran · License #B.145434.LLC
(775) 225-0826
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Oct 4
Last Checked: Oct 23 at 5:29AM
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 Logic Commercial Real Estate | Reno
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.
A retail property is available for sale in Reno, Nevada. The property has a size of 46834 square feet.
Key Highlights
- Retail property available for sale.
- Located in Reno, Nevada.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$592,646
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,852,920
$11.9M
Cap Rate 7%
$8,466,371
$8.5M
Cap Rate 9%
$6,584,956
$6.6M
Market Conditions
NOI Build-Up for 46,834 SF
Gross rent
$927.3K $19.80/SF
− Vacancy
−$80.7K −$1.72/SF
EGI
$846.6K $18.08/SF
− OpEx
−$254.0K −$5.42/SF
NOI
$592.6K $12.65/SF
Area
Reno, NV
Vacancy
8.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,852,920
Cap Rate 7%
$8,466,371
Cap Rate 9%
$6,584,956
Alternative Uses
Best Use
Retail
$8.47M
$7.41M – $9.88M
NOI $592,646 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.43M
$12.63M – $16.84M
NOI $1,010,356 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,243
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Reno, NV
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Reno, Nevada.
Where is this retail property located?
The property is located at 5000 Smithridge Dr Reno, NV.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Retail property available for sale.; Located in Reno, Nevada.
