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Property profile & analytics
FOR SALE
Office buildings

5301 Kietzke Ln Reno, NV 89511

20,259 SF 3.84 ac lot Built 2019
Entity Owned 6-yr Hold Free & Clear
Property ID
US62-0756066
Property summary
AI-generated overview

Exceptional 2.34-acre commercial land parcel in Reno, Nevada, is available for sale or lease. Located at 5301 Kietzke Lane, this property boasts a PUD zoning designation, permitting office, retail, hospitality, and medical uses. Situated within the desirable Rancharrah development, this site offers unparalleled visibility and accessibility on Kietzke Lane, adjacent to the Charles Schwab office building. Preliminary plans for medical, office, and restaurant buildings are available, providing a flexible build-to-suit option for developers seeking to create a space tailored to their specific needs. The property benefits from existing infrastructure and is conveniently located in Reno's Meadowood submarket, providing easy access to major thoroughfares and amenities. This presents a unique opportunity to establish a presence in a thriving area with high traffic exposure and a strong tenant base. The asking price is $6,115,824. This prime location within a premier development makes this an exceptional investment opportunity for businesses seeking to build their ideal space in a vibrant and accessible Reno location. The property's strategic placement ensures high visibility and convenient access for employees and customers alike. This is an ideal opportunity for businesses seeking to establish a strong presence in the heart of Reno's commercial landscape. The flexibility offered by the PUD zoning and the availability of preliminary building plans make this a truly unique and attractive proposition.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2019
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,259 SF
Lot 3.84 ac (167,314 SF)
Zoning code PD
APN 040-900-24
UPID US62-0756066
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
  • Charles Schwab Financial Advisor
  • Uplift Corporate Office
  • TD Ameritrade Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.88M
Comparable Approach Comparable
$3.18M
Blend (final) Blend
$4.42M
Owner & transaction history
Dragon I LLC · 6 yrs held
Dragon I LLC
since 2019
2 recorded transactions
2019
$11.7M
2016
$3.8M
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $6.8M +11.4%
Apartment house (5+ units) $6.7M +9.3%
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