Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Building Office Complex in Reno Title is generated by Realmo AI

    5340 Kietzke Ln, Reno, NV 89511

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    232,000 SF office complex in central Reno location.

    Type:Office
    Property size:
    232,000 SF
    Added:
    Feb 28, 2024
    Days on Market:
    822
    Last Refresh:
    May 12 at 9:27 pm

    Property Features for 5340 Kietzke Ln

    General Information

    Standard status
    Active
    Size
    232,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 5340 Kietzke Ln Contact us

    We can help!

    Listing Contact
    David Woods
    David Woods

    Listing agent David Woods License #S.0072655

    Listing office CBRE - Reno

    Listing date Feb 28, 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 CBRE - Reno

    HighLights

    • 232,000 SF Four Building Office Complex
    • Located in Reno’s most central location (Meadowood Submarket)
    • Flexible deal structures including "turn‑key" tenant improvements
    • Tenant Improvement Allowances are offered
    • Built in 2000
    • Highest building standards in Northern Nevada

    Overview

    This four-building office complex, totaling 232,000 square feet, is situated in the Meadowood submarket, a central location within Reno. The property offers flexible deal structures, including turn-key tenant improvements and tenant improvement allowances, to accommodate tenant needs and desired company image.
    Property Profile Location Intelligence

    Current Use by Public Records

    Actalent Employment Consultant Wells Fargo ATM Atm Charli Briscoe, Berkshire ... Real Estate Agency Victor Reyes-Lopez - 1019539 ... Loan Service Maria L Arias ... Loan Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office 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
    -119.7912562
    Latitude
    39.4715009

    Nearby Similar for Lease

    • $1,250/Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Parkway, Reno, NV 89521
      View Details
    • $129-$3,391/Mo
      11-1,292 SF

      NV, Reno - Double R Blvd

      9805 Double R Blvd, Unit 300, Reno, NV 89521
      View Details
    • Sponsored
      $129-$5,762/Mo
      11-1,292 SF

      Mountain View Corporate

      5470 Kietzke Ln, Unit 300, Reno, NV 89511
      View Details
    • $129-$4,826/Mo
      11-1,292 SF

      NV, Reno - 300 E 2nd St

      300 2Nd St, Reno, NV 89501
      View Details
    • $129-$5,456/Mo
      11-1,292 SF

      Downtown Reno

      200 Virginia St, Unit 8TH, Reno, NV 89501
      View Details
    • $277,200 SF/Yr
      2,800 SF

      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Avenue, Reno, NV 89523
      View Details
    • $365,904 SF/Yr
      3,388 SF

      Retail Space in Reno, NV

      Commercial space available for lease in Reno, Nevada.
      6370 Mae Anne Avenue, Reno, NV 89523
      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 Lane, Reno, NV 89502
      View Details
    • $1.85 SF/Yr
      11,150 SF

      Remodeled Office Space For Lease

      Recently remodeled office space in desirable Reno location.
      6100 Plumas, Reno, NV 89509
      View Details
    • $1.50 SF/Yr
      5,352 SF

      Reno Flex Space For Rent

      Well-appointed flex space in high-traffic Reno location.
      5301 Longley Ln, Reno, NV 89511
      View Details
    • $2 SF/Yr
      8,500 SF

      Corner Office Building in Meadowood

      Two-story office building with suites available in desirable Meadowood location.
      6121 Lakeside Drive, 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

    FAQs

    What type of property is this?
    Office building - 232,000 SF office complex in central Reno location.
    Where is this office building located?
    The property is located at 5340 Kietzke Ln Reno, NV.
    What are key features of this property?
    This property features: 232,000 SF Four Building Office Complex; Located in Reno’s most central location (Meadowood Submarket); Flexible deal structures including "turn‑key" tenant improvements
    (775) 321-4459 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Woods
    David Woods
    Real Estate License ID: S.0072655
    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
    5340 Kietzke Ln, 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!