Multi-Tenant Office
For Sale
$1,460,500
8725 Technology Way, Reno, NV 89521
Two office buildings with four suites, updated interiors, and shared parking are ready for stable occupancy.
Property Size5,556 SF
Price / SF$262.87
Days on Market102
Property Features for 8725 Technology Way
General Information
Standard status
Active
Size
5,556 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
4
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Reno
Listed By:
Melissa Molyneaux · License #NV-BS.0144599.LLC
(775) 823-4674
Source:
Colliers
Added: Jun 12
Changed: Sep 9
Last Checked: Sep 21 at 3:50AM
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 Reno
Investment Insights
Based on property information with market context.
8725 Technology Way includes Buildings B and C, offered as part of a two-parcel package with shared on-site parking. Constructed in 2006, the buildings together provide approximately four professional office suites with updated interior finishes, efficient layouts, and flexible floor plans intended to support a range of business types and tenant sizes.
The property is located in the South Reno submarket with convenient access to US-395 and I-580. It also benefits from proximity to Meadowood Mall, along with nearby retail amenities and dining options. A dedicated parking-lot parcel is included as part of the offering to support tenant and visitor convenience.
For investors and tenants seeking a suburban office setting, the buildings are currently 100% leased to a stable mix of tenants with staggered lease expirations, supporting immediate in-place occupancy. The multi-suite configuration can also appeal to businesses looking for office space within a shared, purpose-built environment featuring practical layouts and updated finishes.
The property is located in the South Reno submarket with convenient access to US-395 and I-580. It also benefits from proximity to Meadowood Mall, along with nearby retail amenities and dining options. A dedicated parking-lot parcel is included as part of the offering to support tenant and visitor convenience.
For investors and tenants seeking a suburban office setting, the buildings are currently 100% leased to a stable mix of tenants with staggered lease expirations, supporting immediate in-place occupancy. The multi-suite configuration can also appeal to businesses looking for office space within a shared, purpose-built environment featuring practical layouts and updated finishes.
Key Highlights
- Two office buildings (Buildings B & C) totaling approx. 5,556 SF with four professional office suites
- Built in 2006 with updated interior finishes, efficient layouts, and flexible floor plans
- Property is 100% leased with a stable mix of tenants and staggered lease expirations
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
$98,215
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
6.72%
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%
$1,964,300
$2.0M
Cap Rate 7%
$1,403,071
$1.4M
Cap Rate 9%
$1,091,278
$1.1M
Market Conditions
NOI Build-Up for 5,556 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
$160.7K $28.92/SF
− Vacancy
−$29.7K −$5.35/SF
EGI
$131.0K $23.57/SF
− OpEx
−$32.7K −$5.89/SF
NOI
$98.2K $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%
$1,964,300
Cap Rate 7%
$1,403,071
Cap Rate 9%
$1,091,278
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,215 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,860 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Explore this area
Business Placement
Demographics for 89521, NV
39,119
Population
16,789
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
93.0 sq mi
ZIP Area
421
Density / Sq Mi
$125,505
Median Household Income
$61,266
Median Earnings
$2,178
Median Rent
$629,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings with four suites, updated interiors, and shared parking are ready for stable occupancy.
Where is this office building located?
The property is located at 8725 Technology Way Reno, NV.
What is the asking price?
The asking price for this property is $1,460,500.
What are key features of this property?
This property features: Two office buildings (Buildings B & C) totaling approx. 5,556 SF with four professional office suites; Built in 2006 with updated interior finishes, efficient layouts, and flexible floor plans; Property is 100% leased with a stable mix of tenants and staggered lease expirations
