Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    328 California Ave Reno, NV 89509-1671

    • Office buildings
    • 3,344 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2025
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0352804
    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

    • Law Offices of Lyn E. Beggs, PLLC / Law Firm / Legal Services
    • Sierra Elegance Photography / Photography Service
    • Hug Pilates & Wellness / Wellness Center
    • White Sage / Skin Care Clinic
    • Logik Technology Consulting / Business Management Consultant

    Property Details for 328 California Ave

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,344 SF
    Zone code
    MDRD
    Property type
    Office buildings
    APN
    011-215-03
    APU
    1121503

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $288,000
      Market price range: $247k - $863k

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.815
    Latitude
    39.5198
    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
    $3,107
    $44,376
    $55,922
    $100,298
    -
    $126,788
    $159,776
    $286,564

    Comparable in this City

    • Value Estimation
      $270,000
      1,569 SF

      1004 Frst St

      OFFICE BUILDING • 1,569 SF
      1004 Frst St, Reno, NV 89509-2705
      View Details
    • Value Estimation
      $210,000
      2,406 SF

      853 Haskell St

      OFFICE BUILDING • 2,406 SF
      853 Haskell St, Reno, NV 89509-1716
      View Details
    • Value Estimation
      $270,000
      6,286 SF

      3660 Baker Ln

      OFFICE BUILDING • 6,286 SF
      3660 Baker Ln, Reno, NV 89509-5448
      View Details
    • Value Estimation
      $175,000
      1,012 SF

      3708 Lakeside Dr Ste, Unit 202

      OFFICE BUILDING • 1,012 SF
      3708 Lakeside Dr Ste, Reno, NV 89509-5371
      View Details
    • Value Estimation
      $260,000
      924 SF

      3740 Lakeside Dr Ste, Unit 100

      OFFICE BUILDING • 924 SF
      3740 Lakeside Dr Ste, Reno, NV 89509-4617
      View Details
    • Value Estimation
      $285,000
      1,800 SF

      169 Cadillac Pl

      OFFICE BUILDING • 1,800 SF
      169 Cadillac Pl, Reno, NV 89509-4355
      View Details

    Similar Nearby for Sale

    • $1,400,000
      4,240 SF

      Reno Office Building For Sale

      Office building with 4,240 square feet of space.
      777 Forest St, Reno, NV 89509
      View Details
    • $3,725,000
      21,282 SF

      Reno Office Building For Sale

      Office building with 21,282 square feet of space.
      3480 Lakeside Dr, Reno, NV 89509
      View Details
    • $1,100,000
      3,510 SF

      Freestanding Office Building For Sale

      Centrally located professional office building with excellent visibility.
      3185 Lakeside Dr, Reno, NV 89509
      View Details
    • $4,500,000
      29,760 SF

      Three Reno Office Buildings

      Three multi-tenant office buildings totaling approximately 29,760 square feet.
      290 Brinkby Ave, Reno, NV 89509
      View Details
    • $999,000
      3,290 SF

      Downtown Reno Office Building For Sale

      Office building in prime downtown location near courthouse and financial district.
      604 Lander St, Reno, NV 89509
      View Details
    • $3,950,000
      13,082 SF

      California Hill Portfolio For Sale

      Two buildings totaling ±13,082 SF with 16 tenants.
      247 California Ave, Reno, NV 89509
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      2,396 SF

      Historic Office Building Near Downtown

      Unique office space in a high-traffic Reno location.
      527 S Arlington Ave, Reno, NV 89509
      View Details
    • $25 SF/Yr
      5,422 SF

      Reno Office Space For Rent

      5422 square feet of office space available for lease.
      540 W Plumb Ln, Reno, NV 89509
      View Details
    • $6,811 /Mo
      1,916 SF

      Garden Office Space For Rent

      Garden office complex near I-580 with mature landscaping.
      6490 S Mccarran Blvd, Reno, NV 89509
      View Details
    • Contact for pricing
      3,560 SF

      Reno Office Suites For Lease

      Centrally located Reno office suites with excellent visibility available for lease.
      601 West Moana Ln, Reno, NV 89509
      View Details
    • $27 SF/Yr
      1,750 SF

      Reno Office Space For Rent

      Office space available for lease in Reno, Nevada.
      1855 Plumas St, Reno, NV 89509
      View Details
    • $19 SF/Yr
      40,971 SF

      Isbell Road Office Suites

      Reno Executive Office Space Available
      639 Isbell Rd, Reno, NV 89509
      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.
    328 California Ave
    Reno, NV 89509-1671
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.