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    3430 Gypsum Rd Reno, NV 89503

    Sponsored
    For Sale
    $799,000

    0.7-acre commercial/residential lot near University.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.7-acre parcel, located at 3430 Gypsum Road in Reno, Nevada (zip code 89503), presents a unique investment opportunity. Situated in Washoe County, this property boasts a prime location near the University of Nevada, Reno. The land is zoned MF30, allowing for a variety of development possibilities, catering to both commercial and residential uses. The APN is 003-235-05. With its expansive 0.7-acre lot size, this property offers significant potential for developers seeking to capitalize on the area's growing demand for housing and commercial spaces. The convenient location near the University provides easy access to a large student population and a vibrant community. This is an excellent chance to acquire a versatile property in a thriving Nevada market. The asking price for this remarkable land opportunity is $799,000. Serious inquiries are encouraged to explore the full potential of this exceptional property. Further details are available upon request.

    Property Features for 3430 Gypsum Rd

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • $799,000 asking price.
    • 0.7‑acre land parcel.
    • Located at 3430 Gypsum Rd, Reno, NV 89503 (APN 003‑235‑05).
    • MF30 zoning.
    • Close proximity to the University of Nevada, Reno.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Accounting Firm Skin Care Clinic Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.82965399854
    Latitude
    39.558178693738

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    FAQs

    What type of property is this?
    Land - 0.7-acre commercial/residential lot near University.
    Where is this land located?
    The property is located at 3430 Gypsum Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price.; 0.7-acre land parcel.; Located at 3430 Gypsum Rd, Reno, NV 89503 (APN 003-235-05).
    Request Owner's contact information
    3430 Gypsum Rd Reno, NV 89503
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    Reno, NV 89503
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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
    3430 Gypsum Rd Reno, NV 89503
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