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Single-Story Office Building with Glass Conference
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5365 RENO CORPORATE DR, Reno, NV 89511

Modern single-level office layout with private offices and a large glass conference room, currently 100% leased.

Property Size2,986 SF
Price / SF$517.41
Days on Market70

Property Features for 5365 RENO CORPORATE DR

General Information

Standard status Active
Size 2,986 SF
Property subtype Office
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Year Built 2019
Stories 1
Listing Agency: ArchCrest Commercial Partners LLC
Listed By: Kevin Annis SIOR, CCIM · License #NV 1000617
Source: Crexi
Added: May 29 Changed: Jul 10 Last Checked: Aug 6 at 4:55AM

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 ArchCrest Commercial Partners LLC

Investment Insights

Based on property information with market context.

This modern, single-story office building is designed for efficient day-to-day operations. The space includes multiple private offices, a large conference room featuring a floor-to-ceiling wall of glass, open workstations, and dedicated support areas such as a breakroom and storage/IT space. The overall layout is built to support a range of professional and medical office uses.

Located within the Reno Professional Campus in South Reno, the property benefits from proximity to the Northern Nevada Sierra Medical Center. The campus setting is described as convenient to major thoroughfares, including I-580, South Meadows Parkway, and Longley Lane, supporting straightforward access throughout the Reno-Sparks area.

Offered for sale as both an investment and owner-user opportunity, the building is currently 100% leased, providing an in-place tenant situation while allowing for long-term flexibility. With its modern construction and single-level configuration, this property is well-suited for office and healthcare-focused users looking for a functional, professionally laid-out environment within a multi-tenant office campus.

Key Highlights

  • 2019‑built, modern single‑story office building in South Reno
  • Office layout includes multiple private offices, open workstations, breakroom, and storage/IT space
  • Large conference room with a floor‑to‑ceiling glass wall

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
$52,785
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
3.42%
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%
$1,055,700 $1.1M
Cap Rate 7%
$754,071 $754.1K
Cap Rate 9%
$586,500 $586.5K
Market Conditions
NOI Build-Up for 2,986 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
$86.4K $28.92/SF
− Vacancy
−$16.0K −$5.35/SF
EGI
$70.4K $23.57/SF
− OpEx
−$17.6K −$5.89/SF
NOI
$52.8K $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 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%
$1,055,700
Cap Rate 7%
$754,071
Cap Rate 9%
$586,500

Alternative Uses

Best Use
Office B
$754.1K
$659.8K – $879.8K (±1% cap)
NOI $52,785 @ 7.0% cap · market cap 3.42%
Second Best
Healthcare Medical
$662.6K
$579.8K – $773.0K (±1% cap)
NOI $46,380 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$920.2K
$805.2K – $1.07M (±1% cap)
NOI $64,417 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Berkshire Hathaway HomeServices ... Real Estate Agency RB Capital Management Financial Advisor Donna Presto Signature ... Title Company EquityProtect Real Estate Agency

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Grocery & Convenience Store Hotel & Motel (Bike/Boat/Book/etc) Store HVAC Service

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

100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,210
Businesses Nearby

Demographics for 89511, NV

29,143
Population
13,628
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
96%
High-School Grad
131.6 sq mi
ZIP Area
221
Density / Sq Mi
$117,287
Median Household Income
$57,950
Median Earnings
$1,860
Median Rent
$903,300
Median Home Value

Market

Vacancy Rate% for Office in Reno, NV

9.9% 2019
12.5% 2020
9.8% 2021
10.2% 2022
12.5% 2023
10.6% 2024
9.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Modern single-level office layout with private offices and a large glass conference room, currently 100% leased.
Where is this office building located?
The property is located at 5365 RENO CORPORATE DR Reno, NV.
What is the asking price?
The asking price for this property is $1,545,000.
What are key features of this property?
This property features: 2019‑built, modern single‑story office building in South Reno; Office layout includes multiple private offices, open workstations, breakroom, and storage/IT space; Large conference room with a floor‑to‑ceiling glass wall
More about this property
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