Listing Agency: Colliers - Reno, Nevada

Listed By: Tim Ruffin · License #NV BS.0040397

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 7:41PM

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Investment Insights

Based on property information with market context.

This office building at 950 Sandhill Road in Reno, Nevada contains 43,800 square feet of office space. The property is offered for sale with a stated 6.00% capitalization rate.

Key Highlights

• 43,800 SF office building
• 6.00% CAP
• 950 Sandhill Road address in Reno, NV 89521

Property Analytics

Property Profile

Current Use

Lumos & Associates, Inc. Engineering Consultant

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Grocery & Convenience Store Restaurant Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,386

Businesses Nearby

Explore this area Business Placement

Demographics for 89521, NV

39,119

Population

16,789

Households

2.3

Avg Household Size

41

Median Age

50%

College-Educated

97%

High-School Grad

93.0 sq mi

ZIP Area

421

Density / Sq Mi

$125,505

Median Household Income

$61,266

Median Earnings

$2,178

Median Rent

$629,900

Median Home Value

Market

Vacancy Rate% for Office in Reno, NV

9.9% 2019

12.5% 2020

9.8% 2021

10.2% 2022

12.5% 2023

10.6% 2024

9.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Commercial office property identified for sale with a stated capitalization rate.

Where is this office building located?

The property is located at 950 Sandhill Road Reno, NV.

What are key features of this property?

This property features: 43,800 SF office building; 6.00% CAP; 950 Sandhill Road address in Reno, NV 89521