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    885 Trademark Dr Reno, NV 89521

    For Sale
    $19,300,000

    77,132 SF Office Building, $19.3M

    Property size:
    77,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 77,132-square-foot executive office building in Reno, Nevada, is offered at $19,300,000. Located at 885 Trademark Dr, in Washoe County, zip code 89521, this Class B, multi-tenant property sits on a 6-acre lot (APN 163-102-14) and features a two-story building constructed in 1999. Currently, the occupancy rate is 23%, with one tenant, Elemental LED, occupying a portion of the six units. The building offers ample parking and convenient access, situated near South Reno's industrial and distribution centers. This owner-user opportunity is priced below replacement cost and serves a substantial population within a 5-mile radius (approx. 122,209 people) with a high average household income (approx. $120,771 annually). The property is zoned PD and provides a compelling investment opportunity in a thriving Reno location. The price per square foot is $250.22.

    Property Features for 885 Trademark Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    77,132 SF
    Class
    B
    Lot Size
    261,360 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • 77,132 SF Class B office building in Reno, NV, offered at $19,300,000 ($250.22/SF).
    • Located at 885 Trademark Dr., Washoe County, 89521, on a 6‑acre lot (APN 163‑102‑14).
    • Built in 1999, currently 23% occupied, with one tenant (Elemental LED).
    • Owner‑user opportunity priced below replacement cost.
    • Ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diode LED Lighting Manufacturer Mitel Payphone Elemental LED Inc. Lighting Manufacturer Lucetta Lighting Lighting Store Mitel Networks Corporation Telecommunications Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7528486
    Latitude
    39.448402

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    FAQs

    What type of property is this?
    Office Property / Space - 77,132 SF Office Building, $19.3M
    Where is this office property / space located?
    The property is located at 885 Trademark Dr Reno, NV.
    What is the asking price?
    The asking price for this property is $19,300,000.
    What are key features of this property?
    This property features: 77,132 SF Class B office building in Reno, NV, offered at $19,300,000 ($250.22/SF).; Located at 885 Trademark Dr., Washoe County, 89521, on a 6-acre lot (APN 163-102-14).; Built in 1999, currently 23% occupied, with one tenant (Elemental LED).
    (775) 386-9727
    Request Owner's contact information
    885 Trademark Dr Reno, NV 89521
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    Reno, NV 89521
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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
    885 Trademark Dr Reno, NV 89521
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