Financial
Distress signals
Property profile

1201 Terminal Way Reno, NV 89502

FOR LEASE
Office buildings
Property ID
US62-0461338
29,172 SF 1.5 ac lot Built 1973
Last sale Jul 2024 · $5,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Airport Center at 1201 & 1281 Terminal Way consists of two two-story, multi-tenant office buildings in the Airport submarket, with 29,172 square feet of gross area per building. The property is positioned for access to major thoroughfares, with proximity to I-580 and Reno-Tahoe International Airport, and it has immediate access to public transportation. The campus configuration supports a range of office user types and suite sizes. A private parking lot is provided for on-site parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$639k
Assessed land$277k
Assessed improvement$362k
Effective rate3.54%

Value estimate

· Sep 2026
$785k
$707k – $864k
Submarket $/SF estimate$3.17M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$225/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$109 – $350

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ME
The ME district is intended to provide a mix of employment focused uses such as light manufacturing, processing, wholesaling, flex space,...
General categoryINDUSTRIAL
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.4
Garden Center9.5
Veterinary Clinic9.5

Location

1201 Terminal Way Reno, NV 89502
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2195 Virginia, Reno, NV 89502-3415 $5,350,000 May 2025 25,517 SF
3301 Virginia, Reno, NV 89502-4516 $270,000 Apr 2025 18,075 SF
4950 Joule, Reno, NV 89502-4119 $9,500,000 Sep 2024 74,251 SF
4065 Virginia, Reno, NV 89502-6007 $2,222,500 Jun 2024 18,252 SF
1281 Terminal, Reno, NV 89502-3220 $5,250,000 May 2024 29,172 SF
960 Virginia, Reno, NV 89502-2416 $2,100,000 Feb 2024 17,718 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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