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4777 Caughlin Pky 2,496 SF Office Building Reno, NV 89519 $999,000 ($400.24/SF) 5.19% Cap Rate
Executive Summary
Lisamarie Wand Group is pleased to present an outstanding owner/user or investment opportunity at 4777 Caughlin Parkway in highly desirable Southwest Reno. This 2,496-square-foot freestanding office building, situated on 0.25 acres, offers a rare combination of premium office improvements, excellent visibility, and a prestigious location within one of Reno’s most established mixed-use neighborhoods.
Originally built in 2001 and recently fully renovated, the property is move-in ready and ideal for professional firms, medical users, or boutique office tenants seeking a high-quality image and convenient access. The asset is currently leased through April 30, 2027, with the possibility of early tenant vacancy, presenting both short-term income and long-term owner/user flexibility.
This offering represents a unique opportunity to acquire a standalone office building in a supply-constrained submarket known for strong demographics, stable property values, and exceptional quality of life.
Property Highlights
Building Size: 2,496 SF
Lot Size: 0.25 Acres
Year Built: 2001 | Recently Fully Renovated
Opportunity Type: Owner/User or Investment
Existing Tenant: In place through 4/30/2027 (potential for early vacancy)
Parking: Ample on-site parking
Signage: Excellent monument and building signage opportunity
Location: Prestigious Southwest Reno mixed-use corridor
Interior Features
10 Private Offices
Large Conference Room
Welcoming Foyer / Reception Area
Kitchen / Break Room
Equipment / Storage Area
2 Restrooms
Modern finishes and professional-grade improvements throughout
Investment Overview & Highlights
Premium Owner/User Opportunity
Ideal for legal, financial, medical, consulting, or professional service firms
Move-in ready condition minimizes downtime and improvement costs
Flexible timing due to existing lease structure
Desirable Southwest Reno Location
Located in the Caughlin Ranch / Southwest Reno area, one of the region’s most affluent and established communities
Surrounded by high-end residential neighborhoods, retail services, and professional offices
Close proximity to McCarran Blvd, providing direct connectivity to I-580/US-395 and the greater Reno market
Strong Market Fundamentals
Limited availability of small freestanding office buildings in this submarket
Consistent demand from professional owner/users seeking image and accessibility
Stable long-term property values supported by strong demographics and neighborhood quality
Originally built in 2001 and recently fully renovated, the property is move-in ready and ideal for professional firms, medical users, or boutique office tenants seeking a high-quality image and convenient access. The asset is currently leased through April 30, 2027, with the possibility of early tenant vacancy, presenting both short-term income and long-term owner/user flexibility.
This offering represents a unique opportunity to acquire a standalone office building in a supply-constrained submarket known for strong demographics, stable property values, and exceptional quality of life.
Property Highlights
Building Size: 2,496 SF
Lot Size: 0.25 Acres
Year Built: 2001 | Recently Fully Renovated
Opportunity Type: Owner/User or Investment
Existing Tenant: In place through 4/30/2027 (potential for early vacancy)
Parking: Ample on-site parking
Signage: Excellent monument and building signage opportunity
Location: Prestigious Southwest Reno mixed-use corridor
Interior Features
10 Private Offices
Large Conference Room
Welcoming Foyer / Reception Area
Kitchen / Break Room
Equipment / Storage Area
2 Restrooms
Modern finishes and professional-grade improvements throughout
Investment Overview & Highlights
Premium Owner/User Opportunity
Ideal for legal, financial, medical, consulting, or professional service firms
Move-in ready condition minimizes downtime and improvement costs
Flexible timing due to existing lease structure
Desirable Southwest Reno Location
Located in the Caughlin Ranch / Southwest Reno area, one of the region’s most affluent and established communities
Surrounded by high-end residential neighborhoods, retail services, and professional offices
Close proximity to McCarran Blvd, providing direct connectivity to I-580/US-395 and the greater Reno market
Strong Market Fundamentals
Limited availability of small freestanding office buildings in this submarket
Consistent demand from professional owner/users seeking image and accessibility
Stable long-term property values supported by strong demographics and neighborhood quality
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,392
|
$27.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,392
|
$27.00
|
| Taxes |
$6,096
|
$2.44
|
| Operating Expenses |
$9,442
|
$3.78
|
| Total Expenses |
$15,538
|
$6.23
|
| Net Operating Income |
$51,854
|
$20.77
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $67,392 |
| Annual Per SF | $27.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,392 |
| Annual Per SF | $27.00 |
| Taxes | |
|---|---|
| Annual | $6,096 |
| Annual Per SF | $2.44 |
| Operating Expenses | |
|---|---|
| Annual | $9,442 |
| Annual Per SF | $3.78 |
| Total Expenses | |
|---|---|
| Annual | $15,538 |
| Annual Per SF | $6.23 |
| Net Operating Income | |
|---|---|
| Annual | $51,854 |
| Annual Per SF | $20.77 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,496 SF
Building Class
B
Year Built
2001
Price
$999,000
Price Per SF
$400.24
Cap Rate
5.19%
NOI
$51,854
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,496 SF
Building FAR
0.23
Lot Size
0.25 AC
Zoning
C - Office Building - zone PD
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Movement Mortgage is a privately held mortgage banking company headquartered in Fort Mill, South Carolina. Founded in 2008, the company provides residential mortgage lending services including conventional, government-insured, jumbo, renovation, and reverse mortgage products. Movement Mortgage operates on a national platform, offering both retail and online lending services through offices across the United States. The company is recognized as an independent mortgage lender and is regulated through the Nationwide Multistate Licensing System (NMLS ID 39179). Movement Mortgage emphasizes a technology-driven lending process and has developed internal systems intended to accelerate underwriting, processing, and closing timelines. In addition to its lending operations, the company has established a philanthropic arm and an “impact lending” model that is integrated into its corporate identity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
1 1
Property Taxes
| Parcel Number | 041-490-12 | Total Assessment | $167,806 |
| Land Assessment | $57,199 | Annual Taxes | $6,096 ($2.44/SF) |
| Improvements Assessment | $110,607 | Tax Year | 2026 |
Property Taxes
Parcel Number
041-490-12
Land Assessment
$57,199
Improvements Assessment
$110,607
Total Assessment
$167,806
Annual Taxes
$6,096 ($2.44/SF)
Tax Year
2026
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4777 Caughlin Pky
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