Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Reno Executive Suites Title is generated by Realmo AI

    71 Washington Street, Reno, NV 89503

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Executive suites for lease in downtown Reno, ranging from 176-2,240 SF.

    Type:Office
    Property size:
    2,240 SF
    Added:
    Mar 25, 2026
    Days on Market:
    56
    Last Refresh:
    Mar 18 at 9:22 am

    Property Features for 71 Washington Street

    General Information

    Standard status
    Active
    Size
    2,240 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Leahna Chapman

    Listing agent Leahna Chapman License #0183267

    Listing office CBRE | Reno

    Listing date Mar 25, 2026

    Source Cbre

    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

    HighLights

    • Steps from the Truckee River, The River District, and Downtown Reno.
    • Walking distance to restaurants, cafes, and retail amenities.
    • Executive Suites available for lease.
    • Suites ranging from 176 SF to 2,240 SF.
    • Shared reception and conference room.
    • Abundant parking.

    Overview

    Located at 71 Washington Street in downtown Reno, Nevada, these executive suites are situated steps from the Truckee River and the River District. The suites range from 176 to 2,240 square feet and feature a shared reception and conference room. Large windows provide natural light, and parking is abundant. The location offers convenient access to restaurants, cafes, and retail amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sullivan Michael E Law Firm Robison, Sharp, Sullivan ... Law Firm F. DeArmond Sharp Law Firm Robison Belaustegui Sharp ... Law Firm Belaustegui Thomas L Law Firm

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.822205
    Latitude
    39.5234731

    Nearby Similar for Lease

    • $1,250/Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Parkway, Reno, NV 89521
      View Details
    • $129-$3,391/Mo
      11-1,292 SF

      NV, Reno - Double R Blvd

      9805 Double R Blvd, Unit 300, Reno, NV 89521
      View Details
    • Sponsored
      $129-$5,762/Mo
      11-1,292 SF

      Mountain View Corporate

      5470 Kietzke Ln, Unit 300, Reno, NV 89511
      View Details
    • $129-$4,826/Mo
      11-1,292 SF

      NV, Reno - 300 E 2nd St

      300 2Nd St, Reno, NV 89501
      View Details
    • $129-$5,456/Mo
      11-1,292 SF

      Downtown Reno

      200 Virginia St, Unit 8TH, Reno, NV 89501
      View Details
    • $277,200 SF/Yr
      2,800 SF

      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Avenue, Reno, NV 89523
      View Details
    • $365,904 SF/Yr
      3,388 SF

      Retail Space in Reno, NV

      Commercial space available for lease in Reno, Nevada.
      6370 Mae Anne Avenue, Reno, NV 89523
      View Details
    • $2 SF/Yr
      4,968 SF

      Renovated Office Space on Plumb

      Newly renovated office space with excellent visibility and ample parking.
      602 East Plumb Lane, Reno, NV 89502
      View Details
    • $1.85 SF/Yr
      11,150 SF

      Remodeled Office Space For Lease

      Recently remodeled office space in desirable Reno location.
      6100 Plumas, Reno, NV 89509
      View Details
    • $2 SF/Yr
      8,500 SF

      Corner Office Building in Meadowood

      Two-story office building with suites available in desirable Meadowood location.
      6121 Lakeside Drive, Reno, NV 89511
      View Details
    • $2.00 SF/Yr
      22,464 SF

      Turnkey Restaurant Spaces at Greater Nevada Field

      Turnkey restaurant spaces available for lease, ranging from 3,160-4,184 SF.
      230 Evans Ave, Reno, NV 89501
      View Details
    • $1.20 SF/Yr
      9,600 SF

      Industrial Flex Suite Sublease

      9,600 SF industrial flex space with 2,109 SF office.
      5350 Capital Court Suite 110, Reno, NV 89502
      View Details

    FAQs

    What type of property is this?
    Office units - Executive suites for lease in downtown Reno, ranging from 176-2,240 SF.
    Where is this office units located?
    The property is located at 71 Washington Street Reno, NV.
    What are key features of this property?
    This property features: Steps from the Truckee River, The River District, and Downtown Reno.; Walking distance to restaurants, cafes, and retail amenities.; Executive Suites available for lease.
    (775) 823-6937
    We can help!
    Listing Contact
    Leahna Chapman
    Real Estate License ID: 0183267
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    71 Washington Street, Reno, NV, 89503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!