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Professional Office Building in Reno

5405 Mae Anne Ave, Reno, NV

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For Sale

Contact for pricing

Freestanding office building with recent improvements and flexible layout.

Type:OFFICE

Property size:

19,286 SF

Lot size:

1.72 Acres

Price / SF:

$215/SF

HighLights

Recently improved eastern wing (approx. 7,300 SF) with updated restrooms and new flooring, leasable separately.
Ample on‑site parking (4.3/1,000 SF) with overflow options.
10G internet connectivity (AT&T fiber and Spectrum).
Zoned Professional Office (PO) supporting a wide range of uses.
Enjoy scenic second‑floor mountain views and private balconies.
Freestanding building on ±1.72 acres with access from two streets.

We can help!

Listing Contact

Melissa Molyneaux, CCIM, SIOR

For Sale

Contact for pricing

Freestanding office building with recent improvements and flexible layout.

Type:OFFICE

Property size:

19,286 SF

Lot size:

1.72 Acres

Price / SF:

$215/SF

Added:: Jul 8, 2025
Days on Market:: 338
Last Refresh:: May 20 at 8:47 pm

Property Features for 5405 Mae Anne Ave

General Information

Standard status: Active
Size: 19,286 SF
Lot size: 1.72 Acres
Property subtype: OFFICE

Properties For Sale

at 5405 Mae Anne Ave Contact us

We can help!

Listing Contact

Melissa Molyneaux, CCIM, SIOR

Listing agent Melissa Molyneaux, CCIM, SIOR License #S.0200644

Listing office Colliers | Reno

Listing date Jul 8, 2025

Source Moodyscre

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

HighLights

Recently improved eastern wing (approx. 7,300 SF) with updated restrooms and new flooring, leasable separately.
Ample on‑site parking (4.3/1,000 SF) with overflow options.
10G internet connectivity (AT&T fiber and Spectrum).
Zoned Professional Office (PO) supporting a wide range of uses.
Enjoy scenic second‑floor mountain views and private balconies.
Freestanding building on ±1.72 acres with access from two streets.

Overview

This professional office space is available for lease at 5405 Mae Anne Avenue in Northwest Reno. The property is part of a 19,286 square foot freestanding building situated on approximately 1.72 acres. The recently improved eastern wing features updated restrooms and new flooring. The eastern wing, comprising approximately 7,300 square feet, can be occupied independently from the western portion and is currently configured for single-tenant use, but can be easily modified to accommodate multiple tenants. Tenants have access to ample on-site parking at a ratio of 4.3 spaces per 1,000 square feet, with overflow spaces available via a supplemental parking lease. The building provides 10G internet connectivity through AT&T fiber and Spectrum, and offers scenic second-floor mountain views, and several private balconies. Zoned Professional Office (PO), with access from both Mae Anne Avenue and W 7th Street, this location supports a wide range of professional uses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$557.8k	$28.92
− Vacancy	−$103.2k	−$5.35
EGI	$454.6k	$23.57
− OpEx	−$113.6k	−$5.89
NOI	$340.9k	$17.68

19,286 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.87M

$4.26M – $5.68M (±1% cap)

NOI $340,925 @ 7.0% cap · market cap 8.22%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.94M

$5.20M – $6.93M (±1% cap)

NOI $416,059 @ 7.0% cap · market cap 10.03%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Summit Engineering Civil Engineer Summit Engineering Corporation General Contractor

Suggested Use

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.873
Latitude: 39.535

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For sale
Office buildings
NV
Reno
5405 Mae Anne Ave

What type of property is this?

Office building - Freestanding office building with recent improvements and flexible layout.

Where is this office building located?

The property is located at 5405 Mae Anne Ave Reno, NV.

What is the asking price?

The asking price for this property is $4,146,490.

What are key features of this property?

This property features: Recently improved eastern wing (approx. 7,300 SF) with updated restrooms and new flooring, leasable separately.; Ample on‑site parking (4.3/1,000 SF) with overflow options.; 10G internet connectivity (AT&T fiber and Spectrum).

5405 Mae Anne Ave, Reno, NV

Freestanding office building with recent improvements and flexible layout.

Property Features for 5405 Mae Anne Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Reno Multifamily Property by Private Lake

Two-Unit Duplex with Courtyard

Reno Multifamily Investment Opportunity

Renovated Triplex Near UNR

Midtown Reno Development Opportunity

Midtown Reno Duplex Opportunity

Updated Six-Unit Multifamily Property

Reno Fourplex Investment Opportunity

Reno Multifamily Investment Opportunity

Versatile Commercial Building in Reno

High-Visibility Reno Retail Facility

Charming Multifamily Property in Reno

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