Building Details

Year Built 1980

Listing Agency: Solid Source Realty

Listed By: Ana Bautista · License #S.75229 Show Phone

Source: Ferrari-lund

Added: Jan 13, 2025 Changed: Oct 15 Last Checked: Oct 14 at 11:57PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This independent retail facility is currently occupied by the seller and operating as a combined restaurant and convenience shop. The property is presented for sale as a high-visibility retail opportunity, with the existing business operations in place at the time of showing.

The seller describes the location as being in the heart of Reno with high foot traffic and an established business presence. The property is being offered as part of the land and building acquisition, and the listing agent indicates that any discussion regarding the business itself would be negotiated separately.

Call the listing agent for an appointment. Please do not disturb the business owners.

Key Highlights

• Standalone retail facility built in 1980
• Currently operating with seller occupancy as a restaurant and convenience shop
• Independent retail facility described as high‑visibility in Reno

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,883

Cap Rate

3.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,017,660 $1.0M

Cap Rate 7%

$726,900 $726.9K

Cap Rate 9%

$565,367 $565.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,504 SF

Gross rent

$73.6K $21.00/SF

− Vacancy

−$5.7K −$1.64/SF

EGI

$67.8K $19.36/SF

− OpEx

−$17.0K −$4.84/SF

NOI

$50.9K $14.52/SF

Area

Reno, NV

Vacancy

7.80%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,017,660

Cap Rate 7%

$726,900

Cap Rate 9%

$565,367

Alternative Uses

Best Use

Specialty Retail

$726.9K

$636.0K – $848.1K (±1% cap)

NOI $50,883 @ 7.0% cap · market cap 3.39%

Second Best

Retail

$633.4K

$554.3K – $739.0K (±1% cap)

NOI $44,340 @ 7.0% cap · market cap 2.96%

Theoretical Best

Office A

$1.08M

$944.9K – $1.26M (±1% cap)

NOI $75,592 @ 7.0% cap · market cap 5.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

El Amigo Market Grocery & Convenience Store Orlandi Valuta Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Daycare Center Clothing & Fashion Store HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,731

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 89502, NV

47,062

Population

20,781

Households

2.3

Avg Household Size

36

Median Age

19%

College-Educated

80%

High-School Grad

21.5 sq mi

ZIP Area

2,189

Density / Sq Mi

$62,719

Median Household Income

$36,796

Median Earnings

$1,243

Median Rent

$389,200

Median Home Value

Market

Vacancy Rate% for Retail in Reno, NV

6.9% 2019

6.5% 2020

6% 2021

5.5% 2022

5.3% 2023

4.5% 2024

4.7% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Standalone retail facility currently operating as a restaurant and convenience shop with seller occupancy.

Where is this conventional restaurant located?

The property is located at 2490 Wrondel Reno, NV.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Standalone retail facility built in 1980; Currently operating with seller occupancy as a restaurant and convenience shop; Independent retail facility described as high‑visibility in Reno