Three-Tenant Automotive Retail
For Sale
$4,600,000
9728 South Virginia Street, Reno, NV 89511
Fully occupied three-tenant automotive building on 1.325 acres with in-place NOI and projected cap rates.
Property Size19,440 SF
Lot Size1.33 Acres
Price / SF$236.63
Days on Market22
Property Features for 9728 South Virginia Street
General Information
Standard status
Active
Size
19,440 SF
Lot size
1.33 Acres
Property subtype
Industrial
Occupancy
100%
Additional Details
Cap Rate
5.95%
Building Details
Tenancy
Multi
Listing Agency:
CBRE | Reno
(775) 321-4484
Listed By:
Tomi Jo Lynch · License #BS.0144992
(775) 321-4484
Source:
Cbre
Added: Jul 10
Last Checked: Jul 30 at 3:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Reno
Investment Insights
Based on property information with market context.
This three-tenant automotive retail building is offered for sale with 1.325 acres of land and a 19,440 SF building. The property is reported as 100% occupied. In-place NOI and projected performance are provided for both the current period and year two, along with beginning October 2026 cap rate figures and a stated year two NOI of $273,630.88.
The property is located at 9728 South Virginia Street, Reno, NV 89511. The offering materials indicate a $4,600,000 year two NOI figure and an additional percentage-based cap rate projection for year two, reflecting the stated underwriting assumptions.
The property is located at 9728 South Virginia Street, Reno, NV 89511. The offering materials indicate a $4,600,000 year two NOI figure and an additional percentage-based cap rate projection for year two, reflecting the stated underwriting assumptions.
Key Highlights
- 1.325‑acre, 3‑tenant automotive building with 100% occupancy
- 11,940 SF building size
- In‑place NOI: $273,630.88
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $384.9k | $19.80 |
| − Vacancy | −$33.5k | −$1.72 |
| EGI | $351.4k | $18.08 |
| − OpEx | −$105.4k | −$5.42 |
| NOI | $246.0k | $12.65 |
19,440 SF · lease $19.80/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.51M
$3.07M – $4.10M
NOI $245,997 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$1.57M
$1.38M – $1.84M
NOI $110,205 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$5.99M
$5.24M – $6.99M
NOI $419,381 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89511, NV
29,143
Population
13,628
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
96%
High-School Grad
131.6 sq mi
ZIP Area
221
Density / Sq Mi
$117,287
Median Household Income
$57,950
Median Earnings
$1,860
Median Rent
$903,300
Median Home Value
Market
Vacancy Rate% for Retail in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Funes Automotive — 9650 S Virginia St, Reno, NV 89511
- Mechanic — 9650 S Virginia St, Reno, NV 89511
- Valvoline Instant Oil Change — 790 S Meadows Pkwy, Reno, NV 89521
- Diamond Auto Body - Reno — 150 S Meadows Pkwy, Reno, NV 89521
- Michael's Reno Powersports Service Department — 10828 S Virginia St, Reno, NV 89511
Frequently Asked Questions
What type of property is this?
Auto shop - Fully occupied three-tenant automotive building on 1.325 acres with in-place NOI and projected cap rates.
Where is this auto shop located?
The property is located at 9728 South Virginia Street Reno, NV.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 1.325‑acre, 3‑tenant automotive building with 100% occupancy; 11,940 SF building size; In‑place NOI: $273,630.88
