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    1170 Financial Blvd Reno, NV 89502

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    For Lease
    Contact for pricing

    Modern Reno flex space, ideal for various businesses.

    Lot size:
    21,374 SF

    Property Features for 1170 Financial Blvd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,374 SF
    Total Rate
    26717.5

    Building Details

    Year Built
    2001
    Stories
    1

    Spaces For Lease

    at 1170 Financial Blvd, Reno, NV 89502 Contact us
    Unit Suite 1000 - 1300

    $15 /Mo

    Size
    7,922 SF
    Contact us

    We can help!

    Listing Contact
    Michael Keating
    Michael Keating

    Listing Agency: Logic Commercial Real Estate Reno Listing Agent: Michael Keating

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

    Learn more

    Property Insight Report

    Overview

    This exceptional flex space opportunity is located at 1170 Financial Blvd, Reno, NV 89502, within the Mill @ McCarran Park. The property, built in 2001, offers a single-story building totaling 21,374 square feet, with a current vacancy of 6,811 contiguous square feet. This space represents the minimum divisible unit, offering immediate occupancy for businesses seeking a flexible workspace. The lot size encompasses 3.59 acres, providing ample room for expansion or outdoor activities. The building is zoned ME (Mixed Employment), allowing for a variety of commercial uses. Situated conveniently near the intersection of Financial Blvd and McCarran Blvd in Washoe County, this location provides easy access to South Reno, Central Reno, and Sparks. The property's strategic location ensures excellent visibility and convenient access to major transportation routes. The available space is perfect for businesses requiring a blend of office and industrial space, offering a versatile solution for diverse operational needs. This is a rare opportunity to secure a well-located, modern flex space in a thriving Reno business park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Singleton Portable Toilet ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Hair Salon Hotel & Motel Pharmacy Building Supply Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.74700149
    Latitude
    39.51049177

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    FAQs

    What type of property is this?
    Flex space - Modern Reno flex space, ideal for various businesses.
    Where is this flex space located?
    The property is located at 1170 Financial Blvd Reno, NV.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Mixed-use development offering flexible space for office, retail, and other uses.; Locally owned and managed by institutional investors.; Construction completed between 2001 and 2003.
    (775) 386-9727 Call to check price and availability
    Request Owner's contact information
    1170 Financial Blvd Reno, NV 89502
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    Reno, NV 89502
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    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
    1170 Financial Blvd Reno, NV 89502
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    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Keating
    Michael Keating
    Real Estate License ID: NV#S.174942
    (775) 386-9727
    Learn more
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