Professional Office Building in
For Sale
Contact for pricing
5405 Mae Anne Ave, Reno, NV
Freestanding office building with recent improvements and flexible layout.
Property Size19,286 SF
Lot Size1.72 Acres
Price / SF$215
Days on Market464
Property Features for 5405 Mae Anne Ave
General Information
Standard status
Active
Size
19,286 SF
Lot size
1.72 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Reno
(775) 823-9666
Listed By:
Melissa Molyneaux, CCIM, SIOR
(775) 762-7990
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Oct 10
Last Checked: Oct 12 at 9:08PM
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
Investment Insights
Based on property information with market context.
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.
Key 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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$340,925
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,818,500
$6.8M
Cap Rate 7%
$4,870,357
$4.9M
Cap Rate 9%
$3,788,056
$3.8M
Market Conditions
NOI Build-Up for 19,286 SF
Gross rent
$557.8K $28.92/SF
− Vacancy
−$103.2K −$5.35/SF
EGI
$454.6K $23.57/SF
− OpEx
−$113.6K −$5.89/SF
NOI
$340.9K $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%
$6,818,500
Cap Rate 7%
$4,870,357
Cap Rate 9%
$3,788,056
Alternative Uses
Best Use
Office B
$4.87M
$4.26M – $5.68M
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
NOI $416,059 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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Trade Area within ½ mile
617
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Market
Vacancy Rate% for Office in Reno, NV
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Frequently Asked Questions
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).
