Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Moana Ln Ste, Unit 101 Reno, NV 89502-4280

    • Showrooms
    • 33,192 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimations
    $6,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0350800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Showrooms

    Property Details for 115 Moana Ln Ste

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.38 lot acres
    Property size
    33,192 SF
    Zone code
    MU
    Property type
    Showrooms
    APN
    020-253-04
    APU
    2025304

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,075,000
      6.5%
      $7,450,000
      7%
      $6,920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,222,000
      Market price range: $8.22M - $48.3M
      AI Estimate
      $4,198,000
      Market price range: $4.20M - $12.3M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.795
    Latitude
    39.4924
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,609
    $359,770
    $342,664
    $702,434
    -
    $1,027,915
    $979,040
    $2,006,955

    Comparable in this City

    • Value Estimation
      $680,000
      4,110 SF

      140 Vesta St

      SHOW ROOM, WAREHOUSE • 4,110 SF
      140 Vesta St, Reno, NV 89502-2914
      View Details
    • Value Estimation
      $5,025,000
      26,538 SF

      1350 Neil Way

      SHOW ROOM, WAREHOUSE • 26,538 SF
      1350 Neil Way, Reno, NV 89502-6247
      View Details
    • Value Estimation
      $1,595,000
      9,800 SF

      71 Wls Ave

      SHOW ROOM, WAREHOUSE • 9,800 SF
      71 Wls Ave, Reno, NV 89502-1334
      View Details
    • Value Estimation
      $3,440,000
      15,519 SF

      500 Moana Ln

      SHOW ROOM, WAREHOUSE • 15,519 SF
      500 Moana Ln, Reno, NV 89502-4661
      View Details
    • Value Estimation
      $9,200,000
      74,124 SF

      2580 Kietzke Ln

      SHOW ROOM, WAREHOUSE • 74,124 SF
      2580 Kietzke Ln, Reno, NV 89502-3605
      View Details
    • Value Estimation
      $2,780,000
      12,120 SF

      3445 Kietzke Ln

      SHOW ROOM, WAREHOUSE • 12,120 SF
      3445 Kietzke Ln, Reno, NV 89502-4703
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,504 SF

      High-Visibility Reno Retail Facility

      Profitable Reno retail facility with high visibility and foot traffic.
      2490 Wrondel Way, Reno, NV 89502
      View Details
    • $369,000
      903 SF

      Reno Commercial Space For Sale

      903 SF commercial space in Reno, NV. Renovation opportunity.
      733 S Wells Ave, Reno, NV 89502
      View Details
    • $1,050,000
      2,532 SF

      Reno Convenience Store Investment

      High-Yield Retail Property, 100% Occupied
      701 2Nd St, Reno, NV 89502
      View Details
    • $585,820
      1,520 SF

      Versatile Commercial Building in Reno

      Multi-use commercial building in central Reno, close to Midtown.
      277 Vassar St, Reno, NV 89502
      View Details
    • $5,000,000

      Bowling Alley and Entertainment Center

      Established bowling alley with consistent cash flow and entertainment options.
      3390 S Virginia St, Reno, NV 89502
      View Details
    • $1,750,000
      5,500 SF

      Midtown Reno Commercial Gem

      Iconic Reno business, high-traffic location.
      1049 Virginia St, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      McCarran Business Park For Lease

      Airport submarket location suitable for office, showroom, and warehouse uses.
      S Mccarran Blvd, Reno, NV 89502
      View Details
    • Contact for pricing
      2,129 SF

      Retail Space Available For Rent

      Retail space available for rent in Reno, Nevada.
      770 S Wells Ave, Reno, NV 89502
      View Details
    • Contact for pricing
      1,264 SF

      Retail Space on South Virginia

      Retail space available for lease on South Virginia Street.
      3502-3652 S Virginia St, Reno, NV 89502
      View Details
    • Contact for pricing
      1,661 SF

      Retail/Warehouse Space with Freeway Frontage

      Retail and warehouse space in high-traffic location.
      2187 Market St, Reno, NV 89502
      View Details
    • Contact for pricing
      728 SF

      Retail Space in Midtown District

      Retail space with parking in Midtown, close to Downtown.
      1245 S Wells Ave, Reno, NV 89502
      View Details
    • $2 SF/Yr
      1,178 SF

      Retail Space with Highway Visibility

      Retail spaces available with easy access and ample parking.
      1290 E Plumb Ln, Reno, NV 89502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Moana Ln Ste, Unit 101
    Reno, NV 89502-4280
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!