Reno, NV
Commercial Real Estate Market Trends & Data

$363 Avg asking sale price
$535 Avg asking lease rate
23,002 SF Avg unit lease size
17,448 SF Avg building size for sale
5.67% Average cap rate

Reno's Demographic Profile

Reno has 112,278 households and a median income of $72,169, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 274,503
# Households 112,278
Median age 38
Median household income $72,169
Avg household size 2.0
Renter-occupied housing units 58,770
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Reno, NV

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Reno $255 35,481 SF 8.00%
Sparks $249 37,549 SF 6.00%
Mccarran $223 37,358 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Reno $430 15,847 SF
Lemmon Valley $458 2,400 SF
Sun Valley $224 47,896 SF
Sparks $517 14,837 SF
Mccarran $600 8,162 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Reno $376 11,429 SF 7.35%
Sparks $342 5,487 SF 6.25%
Mccarran $439 9,799 SF 6.00%
Kings Beach $1,793 1,833 SF 6.19%
Truckee $705 10,000 SF 6.75%

Commercial Properties For Sale in Reno

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Highly Visible Mixed-Use Development

Reno, NV 89502

  • 3.27 AC Lot
  • 1 Commercial Lot
  • Auction Sale
For Sale

850 E Patriot Blvd

Reno, NV 89511

  • 17,622 SF Flex Building
  • $4,400,000
For Sale

6160 Plumas St

Reno, NV 89519

  • 15,594 SF Office Building
  • $5,000,000
For Sale

441 W Plumb Ln

Reno, NV 89509

  • 4,562 SF Office Building
  • $1,595,000
For Sale

1093-1095 E Taylor St

Reno, NV

  • $2,130,000
For Sale

641 S Rock Blvd

Sparks, NV 89431

  • 3,350 SF Retail Building
  • $1,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Reno pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Reno $363 17,448 SF
Spanish Springs $298 14,518 SF
Lemmon Valley $646 2,400 SF
Sun Valley $332 12,565 SF
Sparks $358 23,110 SF

Regional Demographic Comparison

This comparison places Reno alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Reno or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Reno 274,503 112,278 38 $72,169 2 58,770 5%
Spanish Springs 18,022 6,533 46 $112,379 3 694 5%
Lemmon Valley 4,786 1,764 45 $78,056 3 267 4%
Sun Valley 22,326 6,910 36 $62,199 3 1,997 5%
Sparks 112,296 42,954 39 $78,778 3 19,142 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Reno, NV and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Reno

View All Commercial Real Estate For Sale in Reno
Is Reno a good market for a first-time commercial real estate investor?

Reno offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Reno?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Reno. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Reno?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Reno. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Reno compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Reno. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Reno acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Reno, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports