Leased Mixed-Use
For Sale
Contact for pricing
960 S Virginia St, Reno, NV 89502
Fully leased commercial building with dining, retail, wellness, and office occupancy.
Property Size18,920 SF
Price / SF$449.26
Days on Market8
Property Features for 960 S Virginia St
General Information
Standard status
Active
Size
18,920 SF
Total Parking Spaces
12
Property subtype
Mixed Use, Retail, Office
Zoning
MU-MC (Mixed Use - Midtown Corridor)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$539,750
Additional Details
Cap Rate
6.35%
Building Details
Year Built
1927
Buildings
1
Stories
2
Tenancy
Multi
Building Size
18,920 SF
Listing Agency:
Marmot Properties, Llc
(775) 313-1544
Listed By:
Batuhan Zadeh · License #NV BS.145130
Source:
Crexi
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 5:41AM
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 Marmot Properties, Llc
Investment Insights
Based on property information with market context.
Built in 1927, this 18,920-square-foot mixed-use property combines dining, retail, wellness, and office tenancy within a single commercial asset. The building is 100% leased and includes Proof Wholesale among its occupants, providing a tenant mix that spans food service, lifestyle retail, wellness services, and professional office use.
Located at 960 S Virginia St in Reno, Nevada, the property is designated MU-MC (Mixed Use - Midtown Corridor). The asset carries a 6.35% cap rate and is positioned within the Midtown corridor identified in the listing as a high-demand, high-barrier commercial area.
Located at 960 S Virginia St in Reno, Nevada, the property is designated MU-MC (Mixed Use - Midtown Corridor). The asset carries a 6.35% cap rate and is positioned within the Midtown corridor identified in the listing as a high-demand, high-barrier commercial area.
Key Highlights
- 18,920‑square‑foot mixed‑use property
- 100% leased occupancy
- 6.35% cap rate
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $547.2k | $28.92 |
| − Vacancy | −$101.2k | −$5.35 |
| EGI | $445.9k | $23.57 |
| − OpEx | −$111.5k | −$5.89 |
| NOI | $334.5k | $17.68 |
18,920 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.78M
$4.18M – $5.57M
NOI $334,455 @ 7.0% cap · market cap 3.93%
Second Best
Mixed Use
$3.94M
$3.45M – $4.60M
NOI $276,102 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $408,163 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building with dining, retail, wellness, and office occupancy.
Where is this mixed-use property located?
The property is located at 960 S Virginia St Reno, NV.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 18,920‑square‑foot mixed‑use property; 100% leased occupancy; 6.35% cap rate
