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12 & 22 W Taylor Mixed Use 22 W Taylor St 1,812 SF 100% Leased Office Building Reno, NV 89509 $1,023,920 CAD ($565.08 CAD/SF) 6.54% Cap Rate
Investment Highlights
- Popular MidTown Submarket
- Modern, Remodeled Units
- Mixed Use-Office, Retail and Multifamily
Executive Summary
The asset consists of two converted SFR to office buildings. The site at 12 W Taylor is approximately 988 sq ft with a 988 sq ft basement, built in 1926 with recent improvements. The site at 22 W Taylor is approximately 824 sq ft with a 494 basement, built in 1926 with recent improvements. Both properties feature hardwood floors, original brick detailing, new kitchen cabinets, tile back splash, modern tiled showers, and fresh paint. Both buildings are currently fully leased to office tenants under Modified Gross leases. 12 W Taylor's lease expires on April 30, 2027, and 22 W Taylor's lease expires on February 28, 2029. Importantly, the 22 W Taylor lease does not include a renewal option. This provides an opportunity for a future owner to occupy one or both buildings upon lease expiration. The project is zoned MU-MC (Mixed Use MidTown Commercial). The zoning does allow for multifamily development. Attached vacant lot at 30 W. Taylor is also for sale, the lot is .081 acres and zoned mixed use.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
1,812 SF
Building Class
B
Year Built/Renovated
1926/2017
Price
$1,023,920 CAD
Price Per SF
$565.08 CAD
Cap Rate
6.54%
NOI
$66,964 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,812 SF
Building FAR
0.42
Lot Size
0.10 AC
Zoning
MUMC
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (84)
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12 & 22 W Taylor Mixed Use | 22 W Taylor St
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