Mixed-Use Property with 11
For Sale
$2,250,000
7350 4TH, Reno, NV 89523
Fully occupied three-building asset with upgraded roofs, water system, paving, siding, and fencing.
Property Size7,214 SF
Lot Size1.00 Acre
Price / SF$311.89
Days on Market11
Property Features for 7350 4TH
General Information
Standard status
Active
Size
7,214 SF
Lot size
1.00 Acre
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
11
Building Details
Year Built
1971
Buildings
3
Listing Agency:
Sequoia Homes And Properties
Listed By:
Thomas Rigdon
(775) 688-4000
Source:
Ferrari-lund
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 1:19AM
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 Sequoia Homes And Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings containing 11 residential apartments and a separate commercial building. The three-building asset totals 7214 square feet and is fully occupied. Capital improvements include new roofs, a new water system, a newly paved parking lot, cedar siding, and fencing.
The property occupies one full acre at 7350 4TH in Reno, with the Truckee River within a short walk. Constructed in 1971, the asset combines residential and commercial components within a single property.
The property occupies one full acre at 7350 4TH in Reno, with the Truckee River within a short walk. Constructed in 1971, the asset combines residential and commercial components within a single property.
Key Highlights
- 11 residential apartments across two buildings
- Separate third building designated for commercial use
- 7214 square feet across three buildings
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
$105,275
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
4.68%
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%
$2,105,500
$2.1M
Cap Rate 7%
$1,503,929
$1.5M
Cap Rate 9%
$1,169,722
$1.2M
Market Conditions
NOI Build-Up for 7,214 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
$186.1K $25.80/SF
− Vacancy
−$17.7K −$2.45/SF
EGI
$168.4K $23.35/SF
− OpEx
−$63.2K −$8.76/SF
NOI
$105.3K $14.59/SF
Area
Reno, NV
Vacancy
9.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
37.50%
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%
$2,105,500
Cap Rate 7%
$1,503,929
Cap Rate 9%
$1,169,722
Alternative Uses
Best Use
Mixed Use
$1.50M
$1.32M – $1.75M
NOI $105,275 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$1.33M
$1.17M – $1.55M
NOI $93,213 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$2.22M
$1.95M – $2.59M
NOI $155,628 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 89523, NV
36,646
Population
16,662
Households
2.2
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
18.9 sq mi
ZIP Area
1,939
Density / Sq Mi
$97,384
Median Household Income
$50,637
Median Earnings
$1,759
Median Rent
$569,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied three-building asset with upgraded roofs, water system, paving, siding, and fencing.
Where is this mixed-use property located?
The property is located at 7350 4TH Reno, NV.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11 residential apartments across two buildings; Separate third building designated for commercial use; 7214 square feet across three buildings
