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    1251 S Virginia St Reno, NV 89501

    For Sale
    Contact for pricing

    Redevelopment opportunity with excellent visibility on S Virginia Street.

    Property size:
    17,600 SF
    Lot size:
    0.85 Acres

    Property Features for 1251 S Virginia St

    General Information

    Size
    17,600 SF
    Lot size
    0.85 Acres

    Source: CBRE | Reno Agent Matthew Grimes

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

    Overview

    Redevelopment Opportunity in Midtown Reno

    This property presents a redevelopment opportunity in the heart of the Midtown district. It features frontage on S Virginia Street, offering excellent visibility. The property has a size of 17600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Victorian Fancies & Tea ... Party Planner All About Beauty ... Beauty Salon

    Suggested Use

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

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

    Similar Places Nearby

    Debi’s Crafts & Gifts, Flourish, Best Flowers By Julie, Floreria Reno, Helianthus Floral Design

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8066684
    Latitude
    39.5119174

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    FAQs

    What type of property is this?
    Storefront property - Redevelopment opportunity with excellent visibility on S Virginia Street.
    Where is this storefront property located?
    The property is located at 1251 S Virginia St Reno, NV.
    What are key features of this property?
    This property features: - Redevelopment opportunity awaits in a prime location.; - Location in the heart of the Midtown district.; - Excellent visibility for your next project.
    (775) 356-6118
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    Reno, NV 89501
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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
    1251 S Virginia St Reno, NV 89501
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