Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Reno Land: Build Your Dream Title is generated by Realmo AI

    1840 Joe Lane, Reno, NV 89509

    View on Map
    Claim this Listing
    For Sale
    $295,000

    LAND - Reno, NV

    Lot size:
    0.38 Acres
    Added:
    May 11, 2026
    Days on Market:
    20
    Last Refresh:
    May 30 at 12:06 am

    Property Features for 1840 Joe Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SF3
    Standard status
    Active
    APN
    018-102-43
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1101

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Nicholas Heathman
    Nicholas Heathman

    Listing agent Nicholas Heathman License #S.179132

    Listing office Keller Williams Group One Inc. 10539 Professional Circle #100, Reno, NV

    Listing date May 11, 2026

    MLS# 260005868 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large, flat lot - a rare find in Reno.
    • Extremely private location.
    • Previously city‑approved building plans available.
    • Conveniently close to major roads, shopping, and recreational areas.
    • Public water and sewer.
    • Cable available.

    Overview

    This 0.38-acre lot on Joe Lane in Reno, NV, presents a rare opportunity to build a custom home in a private location. The property has previously city-approved building plans available, which may streamline the development process. The lot is situated in a tranquil area, offering a peaceful environment with convenient access to major roads, shopping, and recreational areas. This property is located in a desirable Reno neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -119.836938
    Latitude
    39.504581

    Nearby Similar for Sale

    • $800,000
      100 SF

      Reno Car Wash Investment Opportunity

      Well-maintained 4-bay car wash in high-traffic Reno location.
      2125 Sutro Street, Reno, NV 89512
      View Details
    • $690,000
      1,557 SF

      Reno Commercial Property For Sale

      Highly visible Reno commercial property with flexible floor plan.
      123 Mount Rose Street, Reno, NV 89509
      View Details
    • $995,000
      1,952 SF

      Reno Multifamily Property by Private Lake

      Two homes on a spacious lot near a private lake.
      700 Twin Lakes Drive, Reno, NV 89523
      View Details
    • $785,000
      2,163 SF

      Midtown Reno Duplex Opportunity

      Remodeled duplex in Midtown Reno, close to dining and shopping.
      307 Moran Street, Reno, NV 89502
      View Details
    • $725,000

      Exceptional Homesite with Mountain Views

      5.58-acre homesite in Galena Forest with unobstructed views.
      145 W Jeffrey Pine Road, Reno, NV 89511
      View Details
    • $490,218

      Serene 5-Acre Reno Valley Homesite

      Tranquil 5-acre parcel in South Reno's Virginia Foothills.
      Temple Hill Road, Reno, NV 89521
      View Details
    • $2,900,000
      3,400 SF

      Secluded Mountain Lodge on 40 Acres

      Rare mountain estate with development potential near Mt. Rose Ski Area.
      20102 Hibbet Trail, Reno, NV 89511
      View Details
    • $625,000
      1,862 SF

      Reno Multifamily Investment Opportunity

      Four-unit portfolio near Midtown and Downtown Reno generating $6,500/month.
      962 Roberts Street, Reno, NV 89502
      View Details
    • $385,000

      Reno Land with Mountain Views

      1.46-acre homesite in Somersett Golf & Country Club community.
      8195 Fox Meadows Court, Reno, NV 89523
      View Details
    • $450,000

      Land in Gated Community

      Residential land in Caughlin Ranch with community pool.
      60 Promontory Pointe, Reno, NV 89519
      View Details
    • $625,000
      1,862 SF

      Turn-Key Reno Multifamily Portfolio

      Four-unit portfolio near Midtown and Downtown Reno, generating $6,500/month.
      998 Roberts Street, Reno, NV 89502
      View Details
    • $949,000
      4,094 SF

      Updated Multifamily Investment Opportunity

      Six-unit multifamily property in Northwest Reno with updated interiors.
      1385 W 6th Street, Reno, NV 89503
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large, flat lot in Reno, NV, ready for development.
    Where is this residential land & home lot located?
    The property is located at 1840 Joe Lane Reno, NV.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Large, flat lot - a rare find in Reno.; Extremely private location.; Previously city‑approved building plans available.
    (775) 722-6297
    We can help!
    Listing Contact
    Nicholas Heathman
    Nicholas Heathman
    Real Estate License ID: S.179132
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1840 Joe Lane, Reno, NV 89509
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!