Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5250 Neil Rd Reno, NV 89502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,468 SF Available in Reno Office Building

    Lot size:
    46,668 SF

    Property Features for 5250 Neil Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,668 SF
    Class
    B
    Total Rate
    72335.4

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 5250 Neil Rd, Reno, NV 89502 Contact us
    Unit Suite 201

    $18 /Mo

    Size
    1,468 SF
    Contact us
    Unit Suite 305

    $24 /Mo

    Size
    3,415 SF
    Contact us
    Unit Suite 200

    $18 /Mo

    Size
    1,959 SF
    Contact us

    We can help!

    Listing Contact
    Kevin Sigstad
    Kevin Sigstad

    Listing Agent: Kevin Sigstad

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 46,668 square foot Class B office building, located at 5250 Neil Rd, Reno, NV 89502 (cross streets: S McCarran), offers a single, immediately available space of 1,468 square feet. The building, constructed in 1986, features three stories and a single elevator. The available space is situated within a multi-tenant building and is part of a larger 2.47-acre lot. The zoning is MUCC. The space is an open layout with a kitchen and is ideal for a variety of office uses. While the minimum divisible space is 1,468 square feet, the maximum contiguous space available is also 1,468 square feet. The building is located in the Meadowood submarket of Reno. The Washoe County property (APN: 025-551-09) presents a great opportunity for businesses seeking efficient and well-located office space. This is a traditional office building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reno Vascular & Interventional Physician Nevada Health Facilities ... Hospital Northern Nevada Dental ... Dental Office Annette Childs, Ph.D. Physician Francesca Wellness Massage Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7776518
    Latitude
    39.4742742

    Nearby Similar for Lease

    • $46,410
      59,500 SF

      Reno Warehouse Sublease Opportunity

      59,500 SF Reno warehouse space available for sublease.
      12815 Old Virginia Rd, Reno, NV 89521
      View Details
    • $1,250 /Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Pkwy, Reno, NV 89521
      View Details
    • Contact for pricing

      Downtown Reno

      Flexible workspace in San Jose Airport
      200 Virginia St, Reno, NV 89501
      View Details
    • Sponsored
      Contact for pricing

      Mountain View Corporate

      Flexible workspace in Las Colinas MacArthur
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      NV, Reno - Double R Blvd

      Discover many ways to work your way in Highland Pointe
      9805 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing

      NV, Reno - 300 E 2nd St

      Workspaces, services and support to help you work better in John Hancock Center
      300 2Nd St, Reno, NV 89501
      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 Ln, Reno, NV 89502
      View Details
    • $2 SF/Yr
      33,874 SF

      Reno Office Suites For Lease

      Office suites available for lease near I-580 and local amenities.
      730 Sandhill Rd, Reno, NV 89521
      View Details
    • $1.55 SF/Yr
      7,968 SF

      Retail Space Near Interstate 395

      Retail space with open layout, mezzanine, and convenient location.
      7520 Longley Ln, Reno, NV 89511
      View Details
    • $3 SF/Yr
      3,012 SF

      Professional Office Space Available

      Ground floor office suite with direct lobby access for lease.
      5421 Kietzke Ln, 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
    • $2 SF/Yr
      12,830 SF

      Second-Floor Office Space Available

      Office space with mountain views, close to I-580.
      5525 Kietzke Ln, Reno, NV 89511
      View Details

    FAQs

    What type of property is this?
    Office property - 1,468 SF Available in Reno Office Building
    Where is this office property located?
    The property is located at 5250 Neil Rd Reno, NV.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    What are key features of this property?
    This property features: Class B office building.; Centrally located with convenient access to major transportation routes.; Easy freeway access.
    (775) 828-3700 Call to check price and availability
    Request Owner's contact information
    5250 Neil Rd Reno, NV 89502
    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.
    5250 Neil Rd
    Reno, NV 89502
    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
    5250 Neil Rd Reno, NV 89502
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Sigstad
    Kevin Sigstad
    Real Estate License ID: 63841
    (775) 828-3700 (775) 745-2074 (775) 284-1808
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!