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    For Sale (23)

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    Reno Land with Multifamily Zoning
    $329,900
    1.06 Acres

    Reno Land with Multifamily Zoning

    1.06 acres near UNR, zoned for up to 30 units.

    2065 Wedekind Rd, Reno, NV 89512
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    Half Acre Lot with Utilities
    $205,000
    0.55 Acres

    Half Acre Lot with Utilities

    Half acre lot in Panther Valley with utilities and views.

    1606 Sagehen Ln, Reno, NV 89506
    View details
    Versatile Commercial Building in Reno
    $585,820
    1,520 SF

    Versatile Commercial Building in Reno

    Multi-use commercial building in central Reno, close to Midtown.

    277 Vassar St, Reno, NV 89502
    View details
    Reno Land with Mountain Views
    $550,000
    5.00 Acres

    Reno Land with Mountain Views

    South Reno land perfect for building a dream home.

    Temple Hill Rd, Reno, NV 89521
    View details
    Reno Land with Expansive Views
    $399,000
    105.00 Acres

    Reno Land with Expansive Views

    105-acre parcel in Antelope Valley, ideal for a dream home.

    125 Oregon Hl Ln, Reno, NV 89508
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    Expansive Land in Silver Springs
    $69,999
    9.80 Acres

    Expansive Land in Silver Springs

    Near-10 acre lot with open landscape and rural serenity.

    4810 Holmes Ave, Silver Springs, NV 89429
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    Red Rock Acreage Homesite
    $180,000
    10.49 Acres

    Red Rock Acreage Homesite

    10.49 acres in Red Rock with panoramic views.

    1230 Deerlodge Rd, Reno, NV 89508
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    9.64 Acres in Silver Springs
    $74,611
    9.64 Acres

    9.64 Acres in Silver Springs

    Corner lot ideal for homestead or investment in Silver Springs.

    Fir Ave, Silver Springs, NV 89429
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    MidTown Reno Multifamily Investment
    $1,431,000
    3,894 SF

    MidTown Reno Multifamily Investment

    Charming multifamily property in Reno's vibrant MidTown District.

    343 Mount Rose St, Reno, NV 89509
    View details
    Reno Aviation Lifestyle Land Parcel
    $235,000
    40.37 Acres

    Reno Aviation Lifestyle Land Parcel

    Rare 40-acre aviation parcel in a gated Reno airpark.

    5300 Flying Eagle Dr, Reno, NV 89510
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    Runway Corner Lot in Reno
    $235,000
    40.56 Acres

    Runway Corner Lot in Reno

    40.56-acre parcel at Flying Eagle Airpark with runway access.

    5550 Flying Eagle Dr, Reno, NV 89510
    View details
    Expansive High Desert Land Parcel
    $175,000
    40.37 Acres

    Expansive High Desert Land Parcel

    40+ acre parcel offering privacy and panoramic mountain views.

    Ironwood Rd, Reno, NV 89510
    View details
    Untouched Land in Fallon, Nevada
    $98,000
    160.00 Acres

    Untouched Land in Fallon, Nevada

    160 acres of untouched land zoned for 20-acre parcels.

    16642 Power Line Rd, Fallon, NV 89406
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    Nevada Desert 10-Acre Parcel
    $115,000
    10.00 Acres

    Nevada Desert 10-Acre Parcel

    10-acre desert parcel near Winnemucca with well and septic.

    Western Horizon Dr, Winnemucca, NV 89445
    View details
    40+ Acres in Palomino Valley
    $185,000
    40.87 Acres

    40+ Acres in Palomino Valley

    40+ acres of flat, usable land north of Reno.

    Rebel Cause Rd, Reno, NV 89510
    View details
    Undeveloped Land Near Carson River
    $51,000
    6.06 Acres

    Undeveloped Land Near Carson River

    6+ acre parcel near Fort Churchill State Historic Park.

    9400 Via Toledo, Silver Springs, NV 89429
    View details
    Reno Treed Acres Land Parcel
    $55,000
    1.26 Acres

    Reno Treed Acres Land Parcel

    1.26 acres with panoramic views and building sites.

    2165 Hermit Rd, Reno, NV 89521
    View details
    Reno Land in Gated Airpark
    $235,000
    40.58 Acres

    Reno Land in Gated Airpark

    40-acre lot in a private, gated airpark community near Reno.

    5555 Aerie Way, Reno, NV 89510
    View details
    Unique Virginia City Land Parcel
    $99,000
    0.62 Acres

    Unique Virginia City Land Parcel

    Rare 0.62-acre mixed-use land with mountain, valley, and city views.

    C St/Hwy 341, Virginia City, NV 89440
    View details
    Washoe Valley Land with Views
    $445,000
    5.00 Acres

    Washoe Valley Land with Views

    5-acre lot with panoramic mountain, valley, and lake views.

    Bryan Canyon Rd, Washoe Valley, NV 89704
    View details
    Serene 5-Acre Reno Valley Homesite
    $490,218
    5.00 Acres

    Serene 5-Acre Reno Valley Homesite

    Tranquil 5-acre parcel in South Reno's Virginia Foothills.

    Temple Hill Rd, Reno, NV 89521
    View details
    Expansive Acreage in Virginia Foothills
    $498,907
    5.00 Acres

    Expansive Acreage in Virginia Foothills

    Five-acre parcel in South Reno's Virginia Foothills.

    Temple Hill Rd, Reno, NV 89521
    View details
    Reno Airpark Runway Corner Lot
    $235,000

    Reno Airpark Runway Corner Lot

    40.56-acre corner lot in a private aviation community.

    5550 Flying Eagle Dr, Reno, NV 89510
    View details

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    Keller Williams Group One, Inc.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams Group One, Inc.
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