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    208 University Ter, Unit | Reno Reno, NV 89503

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    For Sale
    $1,237,000

    Redevelopment site near the University of Nevada campus.

    Property size:
    1,230 SF

    Property Features for 208 University Ter

    General Information

    Size
    1,230 SF

    Building Details

    Year built
    1921

    Source: Ryan Johnson, CCIM Agent Ryan Johnson, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University Area Redevelopment Opportunity

    This property presents a redevelopment opportunity within walking distance of the University of Nevada campus. Situated strategically above downtown, the location offers potential desirability. Currently, a single-family home occupies the site, but the highest and best use is considered to be a multi-family project. The property is located next to the University and its $200 million expansion project, and is also situated blocks from downtown. The property is located on the corner of University Terrace and West. The property size is 1230 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8190576
    Latitude
    39.5351782

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    FAQs

    What type of property is this?
    Multifamily property - Redevelopment site near the University of Nevada campus.
    Where is this multifamily property located?
    The property is located at 208 University Ter, Unit | Reno Reno, NV.
    What is the asking price?
    The asking price for this property is $1,237,000.
    What are key features of this property?
    This property features: - Prime redevelopment site near the University of Nevada campus.; - Walking distance to the University and downtown.; - Located next to the University's $200 million expansion project.
    (775) 232-8551
    Request Owner's contact information
    208 University Ter, Unit | Reno Reno, NV 89503
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    Reno, NV 89503
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    Realmo Value Estimation

    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.

    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.

    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
    208 University Ter, Unit | Reno Reno, NV 89503
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