Reno Commercial Building on
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7025 Longley Ln, Reno, NV
13,800 SF commercial building in Reno's Longley Corridor.
Property Size13,800 SF
Lot Size1.48 Acres
Price / SF$273.91
Days on Market396
Property Features for 7025 Longley Ln
General Information
Standard status
Active
Size
13,800 SF
Lot size
1.48 Acres
Property subtype
OFFICE
Listing Agency:
Logic Commercial Real Estate | Reno
(775) 386-9727
Listed By:
Mike Keating
(775) 386-9727
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Aug 13
Last Checked: Aug 29 at 4:35PM
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 Logic Commercial Real Estate | Reno
Investment Insights
Based on property information with market context.
A commercial building located at 7025 Longley Ln. in Reno, NV, offers approximately 13,800 square feet of space on approximately 1.476 acres of land. Constructed in 1996, the property is fully occupied by four tenants. These include a theater arts company, a medical office, a veterinary service, and an aesthetics clinic. The asset is located in the Longley Corridor.
Key Highlights
- Fully occupied commercial building
- Located in the Longley Corridor
- Size: ± 13,800 SF building on ± 1.476 AC of land
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
$243,947
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
6.45%
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%
$4,878,940
$4.9M
Cap Rate 7%
$3,484,957
$3.5M
Cap Rate 9%
$2,710,522
$2.7M
Market Conditions
NOI Build-Up for 13,800 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
$399.1K $28.92/SF
− Vacancy
−$73.8K −$5.35/SF
EGI
$325.3K $23.57/SF
− OpEx
−$81.3K −$5.89/SF
NOI
$243.9K $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%
$4,878,940
Cap Rate 7%
$3,484,957
Cap Rate 9%
$2,710,522
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.07M
NOI $243,947 @ 7.0% cap · market cap 6.45%
Second Best
Healthcare Medical
$3.06M
$2.68M – $3.57M
NOI $214,349 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,709 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 13,800 SF commercial building in Reno's Longley Corridor.
Where is this office building located?
The property is located at 7025 Longley Ln Reno, NV.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Fully occupied commercial building; Located in the Longley Corridor; Size: ± 13,800 SF building on ± 1.476 AC of land
