Independent Restaurant and Convenience
For Sale
$1,500,000
2490 Wrondel, Reno, NV 89502
Standalone retail facility currently operating as a restaurant and convenience shop with seller occupancy.
Property Size3,504 SF
Price / SF$428.08
Days on Market550
Property Features for 2490 Wrondel
General Information
Standard status
Active
Size
3,504 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1980
Listing Agency:
Solid Source Realty
Listed By:
Ana Bautista
(775) 688-4000
Source:
Ferrari-lund
Added: Feb 28, 2025
Changed: Aug 31
Last Checked: Aug 31 at 7:47PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,017,660
$1.0M
Cap Rate 7%
$726,900
$726.9K
Cap Rate 9%
$565,367
$565.4K
Market Conditions
NOI Build-Up for 3,504 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
