Retail Property in Reno,
For Sale
Contact for pricing
10695 Stead Blvd, Reno, NV
Retail property available for sale in Reno, Nevada.
Property Size9,184 SF
Lot Size0.84 Acres
Price / SF$293.43
Days on Market1319
Property Features for 10695 Stead Blvd
General Information
Standard status
Active
Size
9,184 SF
Lot size
0.84 Acres
Property subtype
RETAIL
Listing Agency:
Gary Wagner Real Estate Inc
(253) 854-3880
Listed By:
Patrick Luther
(253) 653-0811
Source:
Moodyscre
Added: Mar 6, 2023
Changed: Oct 4
Last Checked: Oct 15 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gary Wagner Real Estate Inc
Investment Insights
Based on property information with market context.
This retail property, located at 10695 Stead Blvd in Reno, Nevada, offers 9184 square feet of space. It is classified as a retail property and also listed under other retail properties, making it suitable for various retail business operations.
Key Highlights
- Retail property for sale
- Located in Reno, Nevada
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,216
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,324,320
$2.3M
Cap Rate 7%
$1,660,229
$1.7M
Cap Rate 9%
$1,291,289
$1.3M
Market Conditions
NOI Build-Up for 9,184 SF
Gross rent
$181.8K $19.80/SF
− Vacancy
−$15.8K −$1.72/SF
EGI
$166.0K $18.08/SF
− OpEx
−$49.8K −$5.42/SF
NOI
$116.2K $12.65/SF
Area
Reno, NV
Vacancy
8.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,324,320
Cap Rate 7%
$1,660,229
Cap Rate 9%
$1,291,289
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,216 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,128 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Reno, NV
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Reno, Nevada.
Where is this retail property located?
The property is located at 10695 Stead Blvd Reno, NV.
What is the asking price?
The asking price for this property is $2,694,881.
What are key features of this property?
This property features: Retail property for sale; Located in Reno, Nevada
