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    Victory Logistics District Reno, NV 89511

    Sponsored
    For Sale
    Contact for pricing

    Prime Industrial Land, 4,300 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,300-acre industrial land offering presents a unique opportunity in Reno, Nevada's thriving Victory Logistics District. Situated in Washoe County, zip code 89511 (latitude 39.3809028, longitude -119.9277947), this master-planned industrial center is perfectly positioned to capitalize on Northern Nevada's explosive growth. The area is experiencing significant population expansion, projected to add approximately 50,000 residents annually for the next five years, fueling a robust demand for industrial space. This strategic location benefits from a strong and growing workforce, exceeding 267,000 individuals, and boasts a remarkably low unemployment rate of 2.9%, significantly below the national average. The region's economic vitality is further underscored by its ranking as the third fastest-growing workforce population in the U.S. and its consistent top performance in job growth, holding the number one spot nationally from 2016-2019. This property is ideally suited for manufacturing, distribution, data center, and logistics development, offering unparalleled potential for businesses seeking to establish or expand their operations in a dynamic and prosperous market. The site's expansive acreage provides ample room for large-scale projects, catering to the needs of businesses of all sizes.

    Property Features for 0 Victory Logistics District

    General Information

    Property type
    Land
    Lot Size
    187,308,000 SF

    HighLights

    • Northern Nevada offers a thriving business environment ideal for company relocation and growth.
    • Northern Nevada's population is projected to increase by approximately 50,000 annually for the next five years, reflecting strong state‑wide growth.
    • Nevada led the nation in job growth from 2016‑2019.
    • Reno anticipates 51,000 new jobs by 2022.
    • The Reno‑Sparks‑Tahoe area boasts a low 2.9% unemployment rate, significantly below the national average.
    • The Greater Reno‑Sparks‑Tahoe area has a robust workforce exceeding 267,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.9277947
    Latitude
    39.3809028

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, 4,300 Acres
    Where is this land located?
    The property is located at Victory Logistics District Reno, NV.
    What are key features of this property?
    This property features: Northern Nevada offers a thriving business environment ideal for company relocation and growth.; Northern Nevada's population is projected to increase by approximately 50,000 annually for the next five years, reflecting strong state-wide growth.; Nevada led the nation in job growth from 2016-2019.
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    Victory Logistics District Reno, NV 89511
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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
    Victory Logistics District Reno, NV 89511
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