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    890 Gentry Way Reno, NV 89502

    Sponsored
    For Sale
    $2,650,000

    Turnkey Flex Space, High Occupancy, Strong NOI

    Property size:
    11,915 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully renovated, 11,915-square-foot flex industrial building located at 890 Gentry Way, Reno, Nevada 89502. The property, situated on a 0.6-acre lot, features a desirable blend of industrial and office space. The ground floor comprises 7,500 square feet of insulated industrial space, perfectly suited for various uses. Upstairs, approximately 4,400 square feet of newly renovated office space offers a modern and efficient workspace. Extensive renovations completed in 2023 include new siding, windows, and garage bay doors, ensuring a turnkey investment for the buyer. The building boasts a 100% occupancy rate with a single tenant under a NNN lease, generating a strong Net Operating Income (NOI) of $178,725 and a compelling 6.74% capitalization rate. The asking price is $2,650,000, translating to $222.41 per square foot. Built in 1982 and meticulously updated, this property is zoned GC and presents a rare opportunity in the Reno market. The property's strong financials, combined with its prime location and recent renovations, make it an ideal addition to any investment portfolio. The Assessed Parcel Number (APN) is 020-221-28.

    Property Features for 890 Gentry Way

    General Information

    Property type
    Flex space
    Square Feet
    11,915 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built/Renovated
    1982/2023

    HighLights

    • $2,650,000 asking price for a stabilized industrial flex property.
    • 11,915 square feet, 100% occupied, with a $222.41 price per square foot.
    • 6.74% cap rate and $178,725 net operating income (NOI).
    • NNN lease, single tenant, located at 890 Gentry Wy, Reno, NV 89502.
    • Built in 1982, fully renovated in 2023, with GC zoning and a 0.6‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    General Transmission Transmission Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7852172
    Latitude
    39.4945178

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    FAQs

    What type of property is this?
    Flex space - Turnkey Flex Space, High Occupancy, Strong NOI
    Where is this flex space located?
    The property is located at 890 Gentry Way Reno, NV.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: $2,650,000 asking price for a stabilized industrial flex property.; 11,915 square feet, 100% occupied, with a $222.41 price per square foot.; 6.74% cap rate and $178,725 net operating income (NOI).
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    890 Gentry Way Reno, NV 89502
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