Medical/Professional Office in
For Sale
$1,050,000
6536 S Mccarran Blvd Ste A, Reno, NV 89509
Medical or professional office space for sale in Reno.
Property Size2,594 SF
Price / SF$404.78
Days on Market195
Property Features for 6536 S Mccarran Blvd Ste A
General Information
Standard status
Active
Size
2,594 SF
Class
B
Property subtype
Special Purpose
Building Details
Building Size
2,594 SF
Year Built
1999
Listing Agency:
Dickson Commercial Group
(775) 850-3117
Listed By:
Tom Fennell · License #NV #Lic# B.1001434
Source:
Corfac
Added: Jan 26
Changed: Aug 8
Last Checked: Apr 5 at 8:36PM
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 Dickson Commercial Group
Investment Insights
Based on property information with market context.
The property at 6536 S. McCarran Blvd. is available for sale. Previously an orthodontist office, the property is suited for medical or professional use. It is located within the Quail Corners South Business Center and is surrounded by established medical and professional offices. The building has a size of 2594 square feet. The location offers visibility and a business environment.
Key Highlights
- Ideally suited for medical or professional use.
- Located in the well‑regarded Quail Corners South Business Center.
- Surrounded by a strong mix of established medical and professional offices.
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
$45,855
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
4.37%
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%
$917,100
$917.1K
Cap Rate 7%
$655,071
$655.1K
Cap Rate 9%
$509,500
$509.5K
Market Conditions
NOI Build-Up for 2,594 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
$75.0K $28.92/SF
− Vacancy
−$13.9K −$5.35/SF
EGI
$61.1K $23.57/SF
− OpEx
−$15.3K −$5.89/SF
NOI
$45.9K $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 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%
$917,100
Cap Rate 7%
$655,071
Cap Rate 9%
$509,500
Alternative Uses
Best Use
Office B
$655.1K
$573.2K – $764.3K
NOI $45,855 @ 7.0% cap · market cap 4.37%
Second Best
Healthcare Medical
$575.6K
$503.6K – $671.5K
NOI $40,291 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$799.4K
$699.5K – $932.7K
NOI $55,961 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,931
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical or professional office space for sale in Reno.
Where is this medical office space located?
The property is located at 6536 S Mccarran Blvd Ste A Reno, NV.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Ideally suited for medical or professional use.; Located in the well‑regarded Quail Corners South Business Center.; Surrounded by a strong mix of established medical and professional offices.
