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50 W Liberty St, Reno, NV 89501
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Property summary
AI-generated overview
This exceptional Class A office building, located at 50 W Liberty Street in Reno, Nevada, offers 215,916 square feet of prime executive office space. The twelve-story building, constructed in 1980, sits on 1.02 acres of land in the vibrant Mixed-Use Downtown Riverwalk District (APN: 011-183-13). Currently offering multiple tenancy options, spaces range from a minimum of 473 square feet to a maximum contiguous space of 11,104 square feet, accommodating a variety of business needs. The building boasts 14 total suites and provides convenient amenities including onsite covered parking, professional management, a dedicated facility engineer, and 24/7 security. Its prime location offers easy access to Interstate 80, less than five minutes away, ensuring seamless commutes for employees and clients. The building features elevators for convenient access to all floors. This is an unparalleled opportunity to establish a presence in a prestigious and highly sought-after downtown Reno location. The property's upscale and secure environment makes it ideal for businesses seeking a professional and sophisticated image.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
204,392 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MDRD
APN
011-183-15
UPID
US62-0062357
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
-
Loan Service Bank
-
Loan Service Bank
-
Corporate Office
-
Marketing & Advertising
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.62M
Owner & transaction history
since 2022
6 recorded transactions
Zoning & alternative use
MDRD · Reno, NV
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.62M
Value range
$5.96M – $7.28M
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$5.96M
blend $6.62M
$7.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
204,392 SF
Lot area
1.02 ac
Year built
1980
Stories
12
APN
011-183-15
Zoning
MDRD
Assessed value
$9,451,701
Annual tax
$358,586
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$358,586
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$54.53M
Move the market yield to see immediate price impact.
Value / SF
$267
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.44M
$68.70M
$49.07M
$38.17M
$3.82M
$76.34M
$54.53M
$42.41M
$4.20M
$83.97M
$59.98M
$46.65M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$358,586
Tax year 2023
Assessed value
$9,451,701
Assessed 2023
Previous assessed
$7,862,445
+20.2% YoY
Effective rate
3.79%
On assessed value
Assessed land
$454,862
Assessed improvement
$8,996,839
Land market value
$1,299,607
Improvement market value
$25,705,255
Total market value
$27,004,862
Applied tax rate
1,001.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
12
Units
2
Total area
204,392 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MDRD
APN
011-183-15
UPID
US62-0062357
Jurisdiction
WASHOE
Zoning & alternative use
MDRD · Reno, NVZoning MDRD · permitted uses
MDRD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
12
Buildings
2
Units
2
Lot
1.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MDRD
Jurisdiction
Reno, NV
Recorded code
MDRD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MDRD in Reno, NV.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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