Technical
Financial
Distress signals
Property profile

300 E 2Nd St Reno, NV 89501

FOR LEASE
Office buildings
Property ID
US62-0354590
519,840 SF 1.08 ac lot Built 1981
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Park Center Tower, located at 300 E 2nd St, Reno, NV 89501, offers exceptional office space in the heart of Downtown Reno's Freight House District. This Class B building, constructed in 1981, boasts a total of 136,497 square feet and currently has two available suites ranging from 9,105 to 14,699 square feet. The building caters to a diverse tenant base, including law firms, trust companies, CPAs, tech companies, and customer service centers, reflecting its versatile and desirable location. Its strategic position across from the Reno Aces AAA baseball stadium provides excellent visibility and accessibility. Parking is ample, with a 7:1000 ratio. The building's amenities include a newly added on-site fitness center and a 15th-floor executive conference room offering stunning views, available for all tenants' use. Adding to the convenience, a Courtyard by Marriott hotel is adjacent to the building. Nearby dining options include popular establishments such as Mellow Fellow Pub, Louie's Basque Corner, and The Depot Distillery and Brewery. A Darkshot Coffee Shop is slated to open on the ground floor in 2022. This property presents a unique opportunity for businesses seeking a vibrant and well-connected location in Downtown Reno. The building offers both traditional and executive office spaces, making it suitable for a variety of business needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction FRAME
Total area 519,840 SF
Lot 1.08 ac (46,827 SF)
Zoning code MDRD
APN 011-078-05
UPID US62-0354590

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • Physician
  • Medical Group
  • Real Estate Agency
  • Charitable Organization Social Service Agency

Location

300 E 2Nd St Reno, NV 89501
Reno metro Census 106 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$28.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
$26.36M
Blend (final) Blend
$28.42M

Owner & transaction history

since 2024
Last sale
$28.4M
7 recorded transactions
2024
$28.4M
2018
Price N/A
2017
Price N/A
2017
Price N/A
2014
Price N/A
2009
Price N/A
2008
Price N/A

Zoning & alternative use

MDRD · Reno, NV

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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