Commercial real estate transactions require understanding beyond property characteristics—they require insight into market dynamics, tenant quality, lease structures, and how the asset serves your business or investment objectives.

Whether you’re seeking space for business operations, acquiring investment-grade commercial assets, or repositioning existing properties, Lillian provides comprehensive analysis and strategic guidance throughout the acquisition, leasing, or disposition process.

From small owner-occupied buildings to larger investment properties, each transaction is evaluated through market position, cash flow potential (for investors), operational considerations, and long-term value creation.

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How We Work with Commercial Clients

Owner-Occupied Properties

For businesses seeking to purchase rather than lease, owner-occupied commercial real estate provides operational control, equity building, and potential tax advantages.

Services Include:

  • Space needs analysis and property search
  • Market analysis and comparable sales
  • Build-out and renovation coordination
  • SBA and commercial financing guidance
  • Lease vs. buy financial analysis
  • Negotiation and transaction management

Investment-Grade Commercial

For investors seeking commercial properties as portfolio diversification or primary investment strategy, Lillian provides comprehensive underwriting and strategic positioning analysis.

Services Include:

  • Cash flow and NOI analysis
  • Tenant credit and lease structure evaluation
  • Cap rate and comparable transaction analysis
  • Property management coordination
  • Value-add opportunity identification
  • Exit strategy planning

Tenant Representation

For businesses seeking to lease commercial space, Lillian represents tenants in identifying suitable properties and negotiating favorable lease terms.

Services Include:

  • Space requirements analysis
  • Market survey and property identification
  • Lease negotiation and terms optimization
  • Lease vs. purchase analysis
  • Build-out coordination
  • Lease renewal strategy

Property Disposition

For commercial property owners seeking to sell, Lillian provides strategic marketing, positioning, and transaction management to optimize outcomes.

Services Include:

  • Property valuation and pricing strategy
  • Marketing and buyer identification
  • Financial package preparation
  • Negotiation and deal structure
  • 1031 exchange coordination (if applicable)
  • Transaction management through closing

Commercial Property Types

Office Buildings

Professional office space ranging from small owner-occupied buildings to larger multi-tenant properties. Class A, B, and C properties across various Reno submarkets.

Typical Uses:

  • Professional services (law, accounting, consulting)
  • Medical and dental offices
  • Technology and business services
  • Financial services
  • Administrative and corporate offices

 

Investment Considerations:

  • Tenant credit and lease length
  • Building class and location quality
  • Parking ratios and amenities
  • Operating expense structures (NNN, gross, modified)
  • Capital improvement needs

Retail Properties

Retail space from small neighborhood centers to larger anchored shopping centers. Freestanding buildings, inline spaces, and mixed-use retail.

Typical Uses:

  • Restaurants and food service
  • Neighborhood retail and services
  • Healthcare and wellness
  • Personal services (salons, fitness)
  • Specialty retail

 

Investment Considerations:

  • Traffic counts and visibility
  • Tenant mix and anchor strength
  • Parking adequacy
  • Lease structures and CAM charges
  • E-commerce impact and retail trends

Industrial & Warehouse

Industrial properties including warehouse, distribution, light manufacturing, and flex space. From small owner-user facilities to larger distribution centers.

Typical Uses:

  • Warehousing and distribution
  • Light manufacturing
  • Logistics and fulfillment
  • Equipment storage and service
  • Flex space (office/warehouse combination)

 

Investment Considerations:

  • Ceiling heights and clear spans
  • Loading dock configuration
  • Power and HVAC capacity
  • Proximity to transportation corridors
  • Zoning and permitted uses

Mixed-Use Developments

Properties combining commercial and residential uses—typically ground-floor retail/office with residential above. Urban and suburban formats.

Typical Configurations:

  • Retail/office with apartments above
  • Restaurant/commercial with condos
  • Office with residential lofts
  • Live-work spaces

 

Investment Considerations:

  • Diversified income streams
  • Complex management requirements
  • Residential and commercial lease structures
  • Mixed-use zoning compliance
  • Separate utility metering

Commercial Property Types

Office Buildings

Primary Focus Area

Primary commercial market in Northern Nevada with diverse property types and strong demand driven by business relocations and economic growth.

Market Characteristics:

  • Strong economic growth and business relocations
  • Technology and logistics sector expansion
  • Low office vacancy in Class A space
  • High demand for industrial/warehouse
  • Limited new office construction

Property Types Available:

  • Multi-family (5-100+ units)
  • Retail centers
  • Office buildings
  • Industrial/warehouse
  • Mixed-use developments

North Lake Tahoe

Vacation Rental & Resort

Premium resort market with limited commercial inventory. Opportunities primarily in retail, hospitality, and mixed-use properties serving tourism and affluent residential base.

Market Characteristics:

  • High-income demographics
  • Tourism-driven demand
  • Limited commercial development opportunities
  • Premium pricing and strong tenant quality
  • Seasonal business considerations
  • Supply constraints support values

Property Types Available:

  • Multi-family (limited)
  • Vacation rental portfolios
  • Retail/restaurant properties
  • Mixed-use buildings
  • Hospitality assets

Commercial Property Resources

Frequently Asked Questions

Commercial Real Estate is our general service for office, retail, and industrial transactions—for both owner-occupants and investors. Investment Opportunities are handpicked, curated properties (including some commercial) that represent exceptional strategic acquisitions.

Yes. Lillian represents buyers seeking commercial property, sellers disposing of assets, and tenants seeking lease space. Representation is disclosed and appropriate to each transaction.

Primary service areas are Reno/Sparks metro and North Lake Tahoe/Incline Village. Can facilitate connections for commercial properties elsewhere in Nevada.

Yes. Whether purchasing or leasing, Lillian coordinates tenant improvement design, contractor selection, and project management to ensure space meets operational needs.

Yes. Services include market education, property identification, remote coordination, and comprehensive support for businesses entering the Nevada market.

Timelines vary significantly. Lease transactions: 30-90 days. Purchase transactions: 60-120 days depending on financing, due diligence, and negotiation complexity.

Yes. Lillian provides comprehensive property management services for commercial properties including tenant relations, lease administration, maintenance coordination, and financial reporting. See our Property Management page for details.

Ready to Explore Commercial Real Estate Opportunities?

Whether seeking owner-occupied space or investment property, start with a conversation about your objectives and requirements.