Independent Restaurant and Convenience
2490 Wrondel Reno, NV 89502
2490 Wrondel, Reno, NV, 89502
$1,500,000
For Sale
$1,500,000
Standalone retail facility currently operating as a restaurant and convenience shop with seller occupancy.
Property Size3,504 SF
Price / SF$428.08
Days on Market689
Property Features for 2490 Wrondel
General Information
- Standard status
- Active
- Size
- 3,504 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
Solid Source Realty
Listed by
Ana Bautista
(775) 688-4000
Source
Ferrari-lund
Added: Aug 28, 2024 Checked: Jul 17 at 2:49 am
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 Solid Source Realty
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.
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
Local Financial Insights For Specialty 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 | $73.6k | $21.00 |
| − Vacancy | −$5.7k | −$1.64 |
| EGI | $67.8k | $19.36 |
| − OpEx | −$17.0k | −$4.84 |
| NOI | $50.9k | $14.52 |
3,504 SF · lease $21.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$726.9K
$636.0K – $848.1K
NOI $50,883 @ 7.0% cap · market cap 3.39%
Second Best
Retail
$633.4K
$554.3K – $739.0K
NOI $44,340 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.08M
$944.9K – $1.26M
NOI $75,592 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
El Amigo Market
Grocery & Convenience Store
Orlandi Valuta
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- India Kabab & Curry — 1091 S Virginia St, Reno, NV 89502
FAQs
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
