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    Dandini Blvd Reno, NV 89433

    Sponsored
    For Sale
    $6,400,000

    37 Acres, Mixed-Use Zoning, Stunning Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37.03-acre land parcel in Reno, Nevada, presents a remarkable investment opportunity. Ideally situated east of Truckee Meadows Community College (TMCC), between US 395 N and Sun Valley Blvd, it boasts breathtaking views of the Truckee Meadows and Mount Rose. The property is zoned Mixed Use Suburban (MS), offering considerable flexibility for development. Originally planned for 296 units, the pre-October 28, 2022, City of Reno Zoning Code allows for a potentially higher unit count due to relaxed parking requirements. Water and sewer hookups are accessible from Sun Valley Boulevard, with costs to be shared with the developer of the adjacent northern parcel. Comprehensive due diligence materials, including geotechnical and Phase One reports, are readily available. This centrally located land is perfectly positioned to address Reno's North Valleys apartment demand, making it an ideal site for market-rate workforce housing. The asking price is $6,400,000, translating to $172,833 per acre. The APN is 035-032-01 & 035-012-11.

    Property Features for 0 Dandini Blvd

    General Information

    Property type
    Land
    Lot Size
    1,613,027 SF

    HighLights

    • 37.03‑acre land parcel in Reno, NV, ideal for development.
    • Mixed Use Suburban (MS) zoning, potentially exceeding 296 units.
    • Prime location east of TMCC, between US 395 N and Sun Valley Blvd, with stunning views.
    • Water & sewer readily available via Sun Valley Blvd; cost‑sharing with adjacent developer.
    • Due diligence materials (geotechnical & Phase I reports) available.
    • $6,400,000 asking price ($172,833/acre); APN 035‑032‑01 & 035‑012‑11.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.78894909763
    Latitude
    39.573012710514

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    FAQs

    What type of property is this?
    Land - 37 Acres, Mixed-Use Zoning, Stunning Views
    Where is this land located?
    The property is located at Dandini Blvd Reno, NV.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: 37.03-acre land parcel in Reno, NV, ideal for development.; Mixed Use Suburban (MS) zoning, potentially exceeding 296 units.; Prime location east of TMCC, between US 395 N and Sun Valley Blvd, with stunning views.
    Request Owner's contact information
    Dandini Blvd Reno, NV 89433
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    Reno, NV 89433
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    Realmo Value Estimation

    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.

    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.

    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
    Dandini Blvd Reno, NV 89433
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