Add Listing
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

    9585 Gtwy Dr Reno, NV 89521-8902

    • Office buildings
    • 3,054 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2021
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0273522
    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

    • Rosa Mercedes Beauty / Hair Salon
    • Chloe Brow Co. / Medical Clinic / Skin Care Clinic
    • MY SALON Suite - South (Gateway) / Hair Salon / Nail Salon

    Property Details for 9585 Gtwy Dr

    Year built
    2016
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    3,054 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    163-170-01
    APU
    16317001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $835,000
      Current use
      RETAIL STORES
      $785,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.763
    Latitude
    39.4438
    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
    $7,401
    $58,790
    $163,305
    $222,095
    -
    $167,970
    $466,586
    $634,556

    Comparable in this City

    • Value Estimation
      $3,850,000
      23,674 SF

      750 Sandhill Rd

      OFFICE BUILDING • 23,674 SF
      750 Sandhill Rd, Reno, NV 89521-4942
      View Details
    • Value Estimation
      $5,135,000
      33,113 SF

      9335 Prototype Dr

      OFFICE BUILDING • 33,113 SF
      9335 Prototype Dr, Reno, NV 89521-8992
      View Details
    • Value Estimation
      $1,130,000
      6,543 SF

      500 Damonte Rnch Pkwy

      OFFICE BUILDING • 6,543 SF
      500 Damonte Rnch Pkwy, Reno, NV 89521-5912
      View Details
    • Value Estimation by Request
      1,971 SF

      9080 Double Diamond Pkwy E E Ste

      OFFICE BUILDING • 1,971 SF
      9080 Double Diamond Pkwy E E Ste, Reno, NV 89521-2801
      View Details
    • Value Estimation
      $725,000
      4,160 SF

      9070 Double Diamond Pkwy

      OFFICE BUILDING • 4,160 SF
      9070 Double Diamond Pkwy, Reno, NV 89521-4840
      View Details
    • Value Estimation
      $4,845,000
      18,964 SF

      595 Double Eagle Ct

      OFFICE BUILDING • 18,964 SF
      595 Double Eagle Ct, Reno, NV 89521-9003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77,132 SF

      South Reno Office Building

      77,132 SF office building in South Reno for sale.
      885 Trademark Dr, Reno, NV 89521
      View Details
    • Contact for pricing
      8,096 SF

      South Reno Office Building For Sale

      Two-story office building built in 2012 with Double R Blvd. frontage.
      10795 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing
      19,019 SF

      South Reno Professional Office Space

      Professional office space for lease in South Reno.
      885 Trademark Dr, Reno, NV 89521
      View Details
    • Contact for pricing

      South Reno Flex Condo

      Flex condo in South Reno, 7 minutes from I-580.
      8755 Technology Way, Reno, NV 89521
      View Details
    • $900,000
      1 SF

      South Meadows Build-Ready Pad

      Build-ready pad in South Meadows with flexible zoning.
      Prototype Dr, Reno, NV 89521
      View Details
    • Contact for pricing
      17,631 SF

      Reno Medical Office For Sale

      Medical office building in Reno, Nevada, near medical centers.
      10619 Professional Cir, Reno, NV 89521
      View Details

    Similar Nearby for Lease

    • $1.77 SF/Yr

      Freestanding Office Building Sublease Opportunity

      Move-in ready office space available for sublease until 12/31/2023.
      10435 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing

      Class A Office Building Rental

      Class A office building in South Reno submarket.
      10615 Professional Cir, Reno, NV 89521
      View Details
    • Contact for pricing
      211,122 SF

      Furnished Office Building with Redundancy

      Two-story office building with flexible lease terms and ample parking.
      9295 Prototype Dr, Reno, NV 89521
      View Details
    • $2 SF/Yr
      3,506 SF

      South Meadows Office/Medical Building

      Single-tenant office/medical building in rapidly expanding South Meadows area.
      10415 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing

      Class A Office Building

      Two-story office building with mountain views and high visibility.
      10615 Professional Cir, Reno, NV 89521
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building, currently 100% leased, no availability.
      10085 Double R Blvd, Reno, NV 89521
      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.
    9585 Gtwy Dr
    Reno, NV 89521-8902
    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.
    Sign Up Successful!
    You now have access to more from Realmo!