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    2295 Virginia St Reno, NV 89502

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Reno retail space, high visibility, multiple units.

    Lot size:
    31,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Orchard Plaza, located at 2295 S Virginia St, Reno, NV 89502, presents a compelling retail investment opportunity. This single-story, 31,164 square foot strip retail center, built in 1978, boasts excellent visibility on South Virginia Street, a major thoroughfare with over 26,100 vehicles passing daily. Currently, 4,031 square feet of space is available, divisible into units ranging from 825 to 2,131 contiguous square feet. The property sits on a 3.63-acre lot and enjoys a central Reno location, close to Midtown and densely populated residential areas. Its strategic position across from the new RED Development and near the Reno Public Market (formerly Shoppers Square) ensures high foot traffic and strong brand recognition potential. The lease rate is $1.75 per square foot per month, NNN. This property offers a unique chance to establish a presence in a thriving Reno neighborhood with exceptional visibility and accessibility. The cross street is Cadillac Pl, and the property is situated in Washoe County.

    Property Features for 2295 Virginia St

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,164 SF
    Total Rate
    54537

    Building Details

    Year Built
    1978
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2303-04
    Size
    825 SF
    Rate per SF
    $21
    Space
    Suite 2295-03
    Size
    1,075 SF
    Rate per SF
    $21

    HighLights

    • High‑traffic location with excellent visibility.
    • Recently renovated with modern finishes and updated systems.
    • Ample on‑site parking available for tenants and customers.
    • Flexible floor plan adaptable to various business needs.
    • Competitive lease rates and flexible lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hi-cap firearms jewelry ... Gun Shop Isabel C Bacigalupi ... Insurance Agency Life Force NV ... Chiropractor Dress for Success Reno ... Non-Profit Organization Iron 24 Fitness ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.802468
    Latitude
    39.50280495

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    FAQs

    What type of property is this?
    Strip mall - Prime Reno retail space, high visibility, multiple units.
    Where is this strip mall located?
    The property is located at 2295 Virginia St Reno, NV.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility.; Recently renovated with modern finishes and updated systems.; Ample on-site parking available for tenants and customers.
    Request Owner's contact information
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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
    2295 Virginia St Reno, NV 89502
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