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    4895 Texas Ave Reno, NV 89506

    For Sale
    $1,963,500

    Leasehold investment opportunity at Reno-Stead Airport with existing tenant.

    Lot size:
    3,319.84 Acres

    Property Features for 4895 Texas Ave

    General Information

    Lot size
    3,319.84 Acres

    Source: Logic Commercial Real Estate | Reno Agent Paul Evans

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

    Overview

    Reno-Stead Airport Leasehold Investment

    The property at 4895 Texas Ave, Reno, NV, presents a leasehold investment opportunity situated at the Reno-Stead Airport. The property operates on an airport ground lease initiated in 1997. Prior to closing, the ground lease will be renewed for a 20-year term, which includes a 10-year renewal option. Currently, the building is leased to Tactical Air Support, with four years remaining on the lease term and a five-year renewal option. The lease agreement specifies 3% annual rent increases at the beginning of each calendar year. The property can be categorized as warehouses, industrial properties, aviation real estate, and specialty properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Reno Stead Airport Regional Airport Hertz Rent a Car Car Rental Agency Freedom Flight Terminal Regional Airport Hertz Car Rental ... Car Rental Agency

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store HVAC Service Storage Facility Electrical Service Furniture Store

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

    Similar Places Nearby

    SMITH STORAGE SYSTEMS, Reno Rv and Boat Storage, Stead RV & Boat Storage

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8731858
    Latitude
    39.6595256

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    FAQs

    What type of property is this?
    Warehouse - Leasehold investment opportunity at Reno-Stead Airport with existing tenant.
    Where is this warehouse located?
    The property is located at 4895 Texas Ave Reno, NV.
    What is the asking price?
    The asking price for this property is $1,963,500.
    What are key features of this property?
    This property features: - Leasehold investment opportunity at the Reno-Stead Airport.; - Ground lease to be renewed prior to close with a 20-year term and a 10-year renewal option.; - Currently leased to Tactical Air Support.
    (775) 745-8100
    Request Owner's contact information
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    Reno, NV 89506
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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
    4895 Texas Ave Reno, NV 89506
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