Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Longley Lane Commercial Land Opportunity Title is generated by Realmo AI

    00 Longley Lane, Reno, NV 89511

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime commercial land with high visibility on Longley Lane.

    Type:Land, Office, Retail
    Added:
    Nov 8, 2024
    Days on Market:
    567
    Last Refresh:
    May 12 at 10:48 pm

    Property Features for 00 Longley Lane

    General Information

    Standard status
    Active
    Property subtype
    Land, Office, Retail

    We can help!

    Listing Contact
    Kevin Annis SIOR, CCIM

    Listing agent Kevin Annis SIOR, CCIM License #NV 1000617

    Listing office ArchCrest Commercial Partners LLC

    Listing date Nov 8, 2024

    Source Crexi

    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 ArchCrest Commercial Partners LLC

    HighLights

    • Opportunity to custom build office, retail, or drive‑thru space.
    • High visibility due to direct frontage on Longley Lane.
    • Located in an established center with medical spaces, retail shops, and restaurants.
    • Benefits from existing customer draw to the location.
    • Located within a mile of Northern NV Sierra Medical Center.
    • Suitable for office, retail or drive thru

    Overview

    This property presents an opportunity to custom build an office, retail space, or drive-through. The location on Longley Lane offers high visibility. The surrounding area includes medical spaces, retail shops, and restaurants. The property is located within a mile of the Northern Nevada Sierra Medical Center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.749063
    Latitude
    39.501788

    Nearby Similar for Sale

    • $800,000
      100 SF

      Reno Car Wash Investment Opportunity

      Well-maintained 4-bay car wash in high-traffic Reno location.
      2125 Sutro Street, Reno, NV 89512
      View Details
    • $690,000
      1,557 SF

      Reno Commercial Property For Sale

      Highly visible Reno commercial property with flexible floor plan.
      123 Mount Rose Street, Reno, NV 89509
      View Details
    • $995,000
      1,952 SF

      Reno Multifamily Property by Private Lake

      Two homes on a spacious lot near a private lake.
      700 Twin Lakes Drive, Reno, NV 89523
      View Details
    • $785,000
      2,163 SF

      Midtown Reno Duplex Opportunity

      Remodeled duplex in Midtown Reno, close to dining and shopping.
      307 Moran Street, Reno, NV 89502
      View Details
    • $725,000

      Exceptional Homesite with Mountain Views

      5.58-acre homesite in Galena Forest with unobstructed views.
      145 W Jeffrey Pine Road, Reno, NV 89511
      View Details
    • $490,218

      Serene 5-Acre Reno Valley Homesite

      Tranquil 5-acre parcel in South Reno's Virginia Foothills.
      Temple Hill Road, Reno, NV 89521
      View Details
    • $2,900,000
      3,400 SF

      Secluded Mountain Lodge on 40 Acres

      Rare mountain estate with development potential near Mt. Rose Ski Area.
      20102 Hibbet Trail, Reno, NV 89511
      View Details
    • $625,000
      1,862 SF

      Reno Multifamily Investment Opportunity

      Four-unit portfolio near Midtown and Downtown Reno generating $6,500/month.
      962 Roberts Street, Reno, NV 89502
      View Details
    • $385,000

      Reno Land with Mountain Views

      1.46-acre homesite in Somersett Golf & Country Club community.
      8195 Fox Meadows Court, Reno, NV 89523
      View Details
    • $450,000

      Land in Gated Community

      Residential land in Caughlin Ranch with community pool.
      60 Promontory Pointe, Reno, NV 89519
      View Details
    • $625,000
      1,862 SF

      Turn-Key Reno Multifamily Portfolio

      Four-unit portfolio near Midtown and Downtown Reno, generating $6,500/month.
      998 Roberts Street, Reno, NV 89502
      View Details
    • $949,000
      4,094 SF

      Updated Multifamily Investment Opportunity

      Six-unit multifamily property in Northwest Reno with updated interiors.
      1385 W 6th Street, Reno, NV 89503
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with high visibility on Longley Lane.
    Where is this commercial land located?
    The property is located at 00 Longley Lane Reno, NV.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Opportunity to custom build office, retail, or drive‑thru space.; High visibility due to direct frontage on Longley Lane.; Located in an established center with medical spaces, retail shops, and restaurants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Annis SIOR, CCIM
    Real Estate License ID: NV 1000617
    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
    00 Longley Lane, Reno, NV 89511
    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!