Office

The Virgil

the virgil, reno, NV 89502

Price

Price on request

Price/Sq Ft

$800.00

Description

Executive Suites for Lease The Virgil is an iconic event space located on the corner of Wells and Vassar. It has been thoughtfully renovated with high end finishes. This space is close to retail amenities and easily accessible from I80 and 395. The executive suites are located on the lower level, including a common area breakroom and conference space which is available for reservations.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the virgil, reno, NV 89502

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeFull Service

Market Context

As of Q4 2023, the Reno office market showed rents up 4.4% year over year. Source: multiple brokerages Q4 2023 market report.

Projected current pricing

low confidence

Projected asking rent

$25.80/SF/yr

Estimated sale value

$182–$237/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 curated:Kidder Mathews Reno Of data (cap rate 6.4%, asking rent held flat).

View the full Reno Office market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other office listings for lease in Reno, NV to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence

$5.98/SF/mo-$8.08/SF/mo

Mid: $7.03/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market providence (similarity: 100%) with 3 comparable listings.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 32003

Low Confidence

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.