Three-Tenant Automotive Retail Building

9728 South Virginia Street Reno, NV 89511

Claim this Listing
New
For Sale
$4,600,000

Fully occupied three-tenant automotive building on 1.325 acres with in-place NOI and projected cap rates.

Type:Industrial
Property size:
19,440 SF
Lot size:
1.33 Acres
Price / SF:
$236/SF
Added:
Jul 10, 2026
Days on Market:
1
Last Refresh:
Jul 10 at 2:32 am

Property Features for 9728 South Virginia Street

General Information

Standard status
Active
Size
19,440 SF
Lot size
1.33 Acres
Property subtype
Industrial

Listing office CBRE | Reno

Listing date Jul 10, 2026

Source Cbre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Reno


Investment Insights

Based on property information with market context.

This three-tenant automotive retail building is offered for sale with 1.325 acres of land and a 19,440 SF building. The property is reported as 100% occupied. In-place NOI and projected performance are provided for both the current period and year two, along with beginning October 2026 cap rate figures and a stated year two NOI of $273,630.88.

The property is located at 9728 South Virginia Street, Reno, NV 89511. The offering materials indicate a $4,600,000 year two NOI figure and an additional percentage-based cap rate projection for year two, reflecting the stated underwriting assumptions.

Key Highlights

  • 1.325‑acre, 3‑tenant automotive building with 100% occupancy
  • 11,940 SF building size
  • In‑place NOI: $273,630.88

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $384.9k $19.80
− Vacancy −$33.5k −$1.72
EGI $351.4k $18.08
− OpEx −$105.4k −$5.42
NOI $246.0k $12.65
19,440 SF · lease $19.80/SF/yr · vacancy 8.70% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.51M
$3.07M – $4.10M (±1% cap)
NOI $245,997 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$1.57M
$1.38M – $1.84M (±1% cap)
NOI $110,205 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$5.99M
$5.24M – $6.99M (±1% cap)
NOI $419,381 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rack 2 Roam Auto Parts Store LL Flooring Carpet & Flooring Store Hot Tub Superstore (Bike/Boat/Book/etc) Store

Suggested Use

Big Box & Wholesale Store Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Discount Store Building Supply (Bike/Boat/Book/etc) Store Catering Service

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

Similar Off Market Nearby

  • Funes Automotive — 9650 S Virginia St, Reno, NV 89511
  • Mechanic — 9650 S Virginia St, Reno, NV 89511
  • Valvoline Instant Oil Change — 790 S Meadows Pkwy, Reno, NV 89521
  • Diamond Auto Body - Reno — 150 S Meadows Pkwy, Reno, NV 89521
  • Michael's Reno Powersports Service Department — 10828 S Virginia St, Reno, NV 89511

FAQs

What type of property is this?
Auto shop - Fully occupied three-tenant automotive building on 1.325 acres with in-place NOI and projected cap rates.
Where is this auto shop located?
The property is located at 9728 South Virginia Street Reno, NV.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 1.325‑acre, 3‑tenant automotive building with 100% occupancy; 11,940 SF building size; In‑place NOI: $273,630.88
Contact an agent
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