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    450 Lemmon Dr Reno, NV 89506

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    For Sale
    $950,000

    Commercial land in Lemmon Valley with diverse development potential.

    Lot size:
    2.76 Acres

    Property Features for 450 Lemmon Dr

    General Information

    Lot size
    2.76 Acres

    Source: Land Advisors Organization | Reno Agent Ryan Krueger

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

    Overview

    Lemmon Valley Commercial Land Available

    Located in the Lemmon Valley submarket, this commercial land benefits from Neighborhood Commercial zoning, which permits a variety of uses including office, retail, storage, child care, and potential residential development with a special use permit. The property is in close proximity to Highway 395/I-580 and the new Lemmon Estates. It also features a Commercial Masterplan overlay.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8456116
    Latitude
    39.6147307

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    FAQs

    What type of property is this?
    Land - Commercial land in Lemmon Valley with diverse development potential.
    Where is this land located?
    The property is located at 450 Lemmon Dr Reno, NV.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Highly desirable Lemmon Valley location.; - Neighborhood Commercial zoning allows for diverse uses such as Office, Retail, Storage, and Child Care.; - Potential for Residential development (detached to attached) with special use permit.
    (775) 846-4367
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    450 Lemmon Dr Reno, NV 89506
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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
    450 Lemmon Dr Reno, NV 89506
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