Professional Office
For Sale
Contact for pricing
6160 Plumas Street, Reno, NV 89519
Established office property with modern finishes, landscaped grounds, and on-site parking.
Property Size15,594 SF
Lot Size1.01 Acres
Price / SF$320.64
Days on Market59
Property Features for 6160 Plumas Street
General Information
Standard status
Active
Size
15,594 SF
Total Parking Spaces
55
Lot size
1.01 Acres
Property subtype
Office
Zoning
NC
Lease Type
Modified Gross
Additional Details
Road Access
Yes
Amenities
professionally landscaped
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Multi
Building Size
15,594 SF
Listing Agency:
CBRE - Reno
Listed By:
David Woods · License #72655
(775) 321-4459
Source:
Crexi
Added: Jul 27
Changed: Sep 19
Last Checked: Sep 22 at 4:16PM
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 CBRE - Reno
Investment Insights
Based on property information with market context.
This 15,594-square-foot office building was completed in 1996 and features modern high-end finishes within a professionally landscaped setting. The property includes 55 parking spaces and is zoned NC, supporting its established office use.
Located at 6160 Plumas Street in Reno, the building sits near the intersection of S. McCarran Boulevard and is within minutes of Meadowood Mall and Rancharrah. Its position in the Meadowood submarket places the property near retail and dining options while maintaining convenient access from Plumas Street. The parcel encompasses 1.005 acres and includes APN 042-222-14.
Located at 6160 Plumas Street in Reno, the building sits near the intersection of S. McCarran Boulevard and is within minutes of Meadowood Mall and Rancharrah. Its position in the Meadowood submarket places the property near retail and dining options while maintaining convenient access from Plumas Street. The parcel encompasses 1.005 acres and includes APN 042-222-14.
Key Highlights
- 15,594‑square‑foot office building completed in 1996
- NC zoning for an established office property
- 1.005‑acre parcel with APN 042‑222‑14
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
$275,661
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
5.51%
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%
$5,513,220
$5.5M
Cap Rate 7%
$3,938,014
$3.9M
Cap Rate 9%
$3,062,900
$3.1M
Market Conditions
NOI Build-Up for 15,594 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
$451.0K $28.92/SF
− Vacancy
−$83.4K −$5.35/SF
EGI
$367.5K $23.57/SF
− OpEx
−$91.9K −$5.89/SF
NOI
$275.7K $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%
$5,513,220
Cap Rate 7%
$3,938,014
Cap Rate 9%
$3,062,900
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.59M
NOI $275,661 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,411 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 89519, NV
9,610
Population
4,137
Households
2.3
Avg Household Size
50
Median Age
59%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
1,478
Density / Sq Mi
$155,439
Median Household Income
$63,227
Median Earnings
$1,964
Median Rent
$869,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Established office property with modern finishes, landscaped grounds, and on-site parking.
Where is this office building located?
The property is located at 6160 Plumas Street Reno, NV.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 15,594‑square‑foot office building completed in 1996; NC zoning for an established office property; 1.005‑acre parcel with APN 042‑222‑14
