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Reno/Sparks 2024 1st Quarter Industrial Comparables

  APN Situs Sales Date Price Price/SF Year Blt Bldg Type Bldg SF Zoning Acres 025-470-19 5301 LONGLEY LN E 04/12/2024 $4,687,076 $170.64 1990 Industrial Flex Building 27,468 IC 1.29 025-470-28 5325 LOUIE LN 04/12/2024 $3,677,384 $154.93 1990 Industrial Flex...

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Reno/Sparks Industrial Sales over past 6 Months

APN Situs Sales Date Price Price/SF Year Blt Bldg Type Bldg SF Zoning Acres 012-610-16 650 S ROCK BLVD 16 02/01/2024  $670,000 $143.93 1978 Industrial Flex Building 4,655 IC 0.11 025-600-20 3550 BARRON WAY  02/01/2024  $275,000 $275.00 1996 Industrial Flex Building...

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What is a Broker Opinion of Value (BOV)?

,A crucial instrument in the field of Commercial Real Estate is the Broker Opinion of Value (BOV). A licensed broker's professional estimate, or BOV, provides a basic grasp of a commercial property's market value. While BOV does not replace a formal appraisal, it does...

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What are Industrial Rental Rates Doing in Your Market?

Written by Ken Stark In Q3 2023, Northern Nevada's industrial market exhibited resilience with moderate tenant demand and consistent deliveries. Vacancy rates stabilized at 4.6%, a welcome change after dipping below 1% in 2022. Direct asking rents experienced a slight...

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Seller Financing in a Tighter Credit Market

We are all hearing the news about commercial loans becoming a potential problem over the next few years and a direct result of over-leveraged lenders is a tightening of new and future loans.  One of the best solutions may be Seller Financing. Seller Financing offers...

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Commercial Real Estate and Economic Development

The production of jobs, tax income, and general economic growth are all directly impacted by commercial real estate, which is essentially all properties to do business. A pro-business market can entice investors and businesses while also supplying the necessary...

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What is Commercial Real Estate?

Commercial Real Estate is real estate where the principal purpose is to do business.  This includes Retail, Office, Industrial, Medical, and Land.  Where some people might get confused is that Multifamily & Health Care Facilities are also considered Commercial...

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Opportunity Zones in Commercial Real Estate

Opportunity Zones refer to particular geographic locations that the government has identified as being in need of more investment due to their economic distress. By offering tax benefits to investors, the goal is to promote economic growth and the creation of jobs in...

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