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    701 2Nd St Reno, NV 89502

    Sponsored
    For Sale
    $1,050,000

    High-Yield Retail Property, 100% Occupied

    Property size:
    2,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, stabilized retail property located at 701 E 2nd St, Reno, NV 89502. The property consists of two buildings totaling 2,532 square feet on a 0.201-acre lot (APN 01207224), zoned MU. Both buildings underwent renovations in 2023. The north building houses World of Smoke, a successful, multi-location retail business, while the south building is occupied by Urban Barber Union, a thriving local barbershop. The property boasts a strong net operating income (NOI) of $63,262, resulting in an attractive 6.02% cap rate. The asking price is $1,050,000. This turnkey investment offers a compelling combination of high occupancy (100%), recent renovations, and established, high-cash-flow tenants situated on a high-traffic corner of S Wells and E 2nd St. The property's ease of management makes it an ideal long-term investment. Interested parties should contact the seller directly to schedule a walkthrough

    Property Features for 701 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,532 SF
    Lot Size
    8,756 SF

    Building Details

    Year Renovated
    2023
    Buildings
    2
    Units
    2

    HighLights

    • Fully occupied, stabilized retail property at 701 E 2nd St, Reno, NV.
    • Two buildings totaling 2,532 square feet on a 0.201‑acre lot (APN 01207224), zoned MU.
    • Recently renovated (2023); tenants include World of Smoke and Urban Barber Union.
    • Strong NOI of $63,262 and a 6.02% cap rate.
    • Asking price: $1,050,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Capo Cutz Barber Shop Camiso Cutzz Barber Shop Urban Barber Union ... Barber Shop DonThe Barber Barber Shop Shorty t Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8027497
    Latitude
    39.5275149

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property, 100% Occupied
    Where is this individual retail property located?
    The property is located at 701 2Nd St Reno, NV.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Fully occupied, stabilized retail property at 701 E 2nd St, Reno, NV.; Two buildings totaling 2,532 square feet on a 0.201-acre lot (APN 01207224), zoned MU.; Recently renovated (2023); tenants include World of Smoke and Urban Barber Union.
    Request Owner's contact information
    701 2Nd St Reno, NV 89502
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    Reno, NV 89502
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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
    701 2Nd St Reno, NV 89502
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