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Property profile & analytics
FOR LEASE
Banks

1 E Liberty St Reno, NV 89501

23,984 SF 0.96 ac lot Built 1973
Entity Owned 8-yr Hold Free & Clear
Property ID
US62-0371738
Property summary
AI-generated overview

This exceptional Class A office space, totaling 1,572 square feet, is situated within a well-maintained, 84,091 square foot, six-story high-rise building in the vibrant heart of Downtown Reno. Located at 1 East Liberty Street, at the corner of East Liberty and South Virginia Street, this property offers unparalleled convenience and prestige. The building boasts on-site property management and security, ensuring a safe and efficient work environment. Recent renovations and upgrades enhance the modern appeal of this traditional office space, which also features floor-to-ceiling windows providing stunning views of the city. Amenities include convenient access to a drive-thru Starbucks located in the surface-level parking lot, along with both surface and underground parking options. The building's central location provides easy access to a wide array of restaurants, fitness centers, hotels, and other downtown amenities. The zoning is CB, and the APN is 011-172-14. This space is immediately available and represents a unique opportunity to secure prime office space in a thriving urban environment. The minimum divisible space is 1,572 square feet, with a maximum contiguous space of 2,806 square feet. The building was constructed in 1976 and includes elevators.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1973
Construction STEEL FRAME
Total area 23,984 SF
Lot 0.96 ac (41,730 SF)
Zoning code MDRD
APN 011-165-17
UPID US62-0371738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Reno Sparks New Car Dealers Car Dealership
  • Monkeys Amok Software Consulting (Bike/Boat/Book/etc) Store Corporate Office
  • GalenaHill Inc. (Bike/Boat/Book/etc) Store Corporate Office
  • Secured Communications (Bike/Boat/Book/etc) Store Corporate Office
  • NeedCashInstantly.com Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.15M
Owner & transaction history
One West Liberty LLC · 8 yrs held
One West Liberty LLC
since 2018
3 recorded transactions
2018
Price N/A
2018
Price N/A
1996
$3.7M
Zoning & alternative use
MDRD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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