9550 Gtwy Dr, Reno, NV 89521-8924
- Manufacturing properties
- 35,882 SF
- 2.03 lot acres
Current Use by Public Records
- The Inverter Store / Production Facility
- AIMS Power Inverters / Production Facility
- Computerized Screening Inc / Medical Clinic
Property Details for 9550 Gtwy Dr
- Year built
- 1995
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.03 lot acres
- Zone code
- PD
- Property type
- Manufacturing properties
- APN
- 163-073-01
- APU
- 16307301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 16, 2022 | $8,047,500 | 9550 Gateway Owner LLC | Rc5475 LLC | Bargain And Sale Deed | $5.6M · Busey Bank |
| Feb 23, 2022 | — | Rc5475 LLC | — | Deed · related | $1.9M · Bank Of America NA |
| Dec 27, 2017 | — | Rc5475 LLC | — | Deed · related | $2M · Bank Of America |
| Dec 15, 2017 | $3,250,000 | Rc5475 LLC | Apartments 801 LLC | Grant Deed | — |
| Sep 26, 2014 | $3,700,000 | Apartments 801 LLC | Bluth Trust | Grant Deed | $1.9M · Bluth Trust (pt) |
| Oct 7, 2005 | $3,825,000 | Bluth Trust | G & L Nelson | Grant Deed | — |
| Feb 16, 2000 | — | Nelson Holdings LLC | Nelson,gary W & Linda M | Quit Claim Deed · related | — |
| Nov 14, 1994 | $425,500 | Gary W Nelson | South Meadows Properties LP | Grant Deed | $1.8M · Pioneer Citizens Bank Nevada |
| Jan 11, 1994 | $313,500 | Pioneer Citizens Bank Nevada | South Meadows Pr | Grant Deed · related | — |
| — | — | Gary W Nelson | — | Deed Of Trust · related | $1.2M · Us Bank Of Nevada |
| — | — | Rc5475 LLC | — | Deed Of Trust · related | $2M · Bank Of America |
Description
This exceptional single-tenant industrial property, located at 9550 Gateway Dr, Reno, NV 89521, offers a compelling investment opportunity. The 43,800-square-foot Class B building features 4,000 square feet of newly renovated office space and is situated on a strategically important site with easy freeway access. Currently leased under a Net lease with a profitable tenant, the property boasts a 5.5% cap rate and a strong NOI of $633,648. The lease commenced December 1, 2022, and includes a favorable 3% annual rent bump, projecting a 6.4% average cap rate over the lease term. The property is zoned PUD and is conveniently located just 6.3 miles from the Reno-Tahoe International Airport (RNO), providing excellent access to Reno's population centers. With over 10 years remaining on the lease, this mission-critical facility represents a rare, single-tenant NNN leased industrial asset in a prime Reno location. The asking price is $11,520,872, with a price per square foot of $263.03. This is a truly exceptional opportunity for investors seeking a stable, high-performing asset in a thriving market. The APN is 163-073-01.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,835,000
- ML approach
- $9,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,138,000
Market price range: $5.92M - $12.6M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $9,160,000 Current use
- MEDICAL BUILDING
- $12,525,000 Change: +37% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,075,000 Change: +32% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $11,845,000 Change: +29% Conversion: Difficult
- OFFICE BUILDING
- $9,810,000 Change: +7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.763
- Latitude
- 39.4444
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
