Two-Story Office Building in
For Sale
$817,500
95 La Rue Ave, Reno, NV 89509
Freestanding 2,162 SF office building in Reno's Midtown corridor.
Property Size2,162 SF
Price / SF$378.12
Days on Market260
Property Features for 95 La Rue Ave
General Information
Standard status
Active
Size
2,162 SF
Class
A
Property subtype
Office
Building Details
Building Size
2,162 SF
Year Built
2002
Listing Agency:
Dickson Commercial Group
Listed By:
Tom Fennell · License #NV #Lic# B.1001434
(775) 850-3117
Source:
Corfac
Added: Jan 26
Changed: Oct 11
Last Checked: Oct 12 at 4:39PM
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 Dickson Commercial Group
Investment Insights
Based on property information with market context.
This freestanding two-story professional office building offers 2,162 square feet of space. The property is located in the heart of Midtown's rapidly growing commercial corridor. The building's layout includes multiple private offices and spacious conference rooms. Ample on-site parking is available. The property's adaptable floor plan makes it suitable for a wide range of professional uses.
Key Highlights
- Located in the heart of Midtown's rapidly growing commercial corridor.
- Freestanding two‑story professional office building.
- Highly visible property with a versatile layout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,218
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,360
$764.4K
Cap Rate 7%
$545,971
$546.0K
Cap Rate 9%
$424,644
$424.6K
Market Conditions
NOI Build-Up for 2,162 SF
Gross rent
$62.5K $28.92/SF
− Vacancy
−$11.6K −$5.35/SF
EGI
$51.0K $23.57/SF
− OpEx
−$12.7K −$5.89/SF
NOI
$38.2K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,360
Cap Rate 7%
$545,971
Cap Rate 9%
$424,644
Alternative Uses
Best Use
Office B
$546.0K
$477.7K – $637.0K
NOI $38,218 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.3K
$583.0K – $777.4K
NOI $46,641 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Reno, NV
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding 2,162 SF office building in Reno's Midtown corridor.
Where is this office building located?
The property is located at 95 La Rue Ave Reno, NV.
What is the asking price?
The asking price for this property is $817,500.
What are key features of this property?
This property features: Located in the heart of Midtown's rapidly growing commercial corridor.; Freestanding two‑story professional office building.; Highly visible property with a versatile layout.
