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    Reno Nevada 89502 Nutmeg Pl Reno, NV 89502

    Sponsored
    For Sale
    $1,699,000

    ±3.27 Acres, Prime South Reno Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional ±3.27-acre mixed-use development site boasts unparalleled visibility from Interstate 580 in South Reno. Zoned Mixed Use – Urban, this property offers a diverse range of development possibilities. Potential uses include multifamily residential, self-storage, and other commercial ventures. The site's strategic location provides easy access to major thoroughfares and is within a mile of the Reno-Sparks Convention Center and Meadowood Mall. Proximity to the Reno-Tahoe International Airport further enhances its appeal. Up to approximately 29.40 acre-feet of water rights may be included, contingent upon the intended use, as per the Truckee Meadows Water Authority. This prime location benefits from a strong market fueled by booming job and population growth in a tax-free state. The property's APN is 020-480-02, and the address is 0 Nutmeg Place, Reno, Nevada 89502. The asking price for this exceptional opportunity is $1,699,000. This is a rare chance to acquire a highly visible and versatile development site in one of Reno's most desirable areas. Don't miss this chance to capitalize on the thriving Reno market.

    Property Features for Reno Nevada 89502 Nutmeg Pl

    General Information

    Property type
    Land
    Lot Size
    142,441 SF

    HighLights

    • High‑visibility I‑580 frontage in South Reno.
    • Mixed‑use zoning permits multifamily, residential, self‑storage, and other uses.
    • Prime location near Reno‑Sparks Convention Center, Meadowood Mall, and Atlantis Casino.
    • Convenient access to major roadways and Reno‑Tahoe International Airport.
    • Booming job growth and population growth in a tax‑advantaged state.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -119.7829231
    Latitude
    39.48701

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    FAQs

    What type of property is this?
    Land - ±3.27 Acres, Prime South Reno Location
    Where is this land located?
    The property is located at Reno Nevada 89502 Nutmeg Pl Reno, NV.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: High-visibility I-580 frontage in South Reno.; Mixed-use zoning permits multifamily, residential, self-storage, and other uses.; Prime location near Reno-Sparks Convention Center, Meadowood Mall, and Atlantis Casino.
    (775) 823-6983
    Request Owner's contact information
    Reno Nevada 89502 Nutmeg Pl 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
    Reno Nevada 89502 Nutmeg Pl Reno, NV 89502
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