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    1245 S Wells Ave Reno, NV 89502

    For Lease
    Contact for pricing

    Retail space with parking in Midtown, close to Downtown.

    Property size:
    728 SF
    Lot size:
    0.46 Acres

    Property Features for 1245 S Wells Ave

    General Information

    Size
    728 SF
    Lot size
    0.46 Acres

    Source: Duhs Commercial Agent Craig Duhs

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

    Overview

    Retail Space in Midtown District

    This 728 square foot retail space is located in the Midtown District, in close proximity to Downtown. The property benefits from excellent traffic counts and visibility from Wells Avenue. On-site parking is abundant. The location is considered a walker's paradise.
    Location Intelligence

    Current Use by Public Records

    Reno Appliance Repair ... Appliance Repair Service Lynn Dyas Marriage Or Relationship Counselor Reno Revival Church Pentecostal Church anahata designs / infiniti ... Women'S Clothing Store

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Nail Salon 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
    -119.8036873
    Latitude
    39.5137129

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    FAQs

    What type of property is this?
    Retail space - Retail space with parking in Midtown, close to Downtown.
    Where is this retail space located?
    The property is located at 1245 S Wells Ave Reno, NV.
    What are key features of this property?
    This property features: - Abundant on-site parking; - Excellent traffic counts and visibility from Wells Avenue; - Part of Midtown District
    (619) 540-1001
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    1245 S Wells Ave Reno, NV 89502
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    Reno, NV 89502
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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
    1245 S Wells Ave Reno, NV 89502
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