Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    341 286S Reno, NV 89521

    • Land
    • 39.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 341 286S

    Lot size
    39.48 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Storey
    State
    Nevada
    Longitude
    -119.65
    Latitude
    39.3831

    Comparable in this City

    • Value Estimation by Request

      Meadows Pkwy

      Land
      0 Meadows Pkwy, Reno, NV 89521
      View Details
    • Value Estimation by Request
      32.29 Acres

      40S Sw4Se4-S36/18

      Land • 32.29 Acres
      40S Sw4Se4-S36/18, Reno, NV 89521
      View Details
    • Value Estimation by Request
      364.62 Acres

      176 Virginia City Highlands

      Land • 364.62 Acres
      176 Virginia City Highlands, Reno, NV 89521
      View Details
    • Value Estimation by Request
      50.50 Acres

      Kenneth Way

      Land • 50.50 Acres
      0 Kenneth Way, Reno, NV 89521
      View Details
    • Value Estimation by Request
      124.71 Acres

      282 Nv-341

      Land • 124.71 Acres
      282 Nv-341, Reno, NV 89521
      View Details
    • Value Estimation by Request
      124.71 Acres

      283S S5A

      Land • 124.71 Acres
      283S S5A, Reno, NV 89521
      View Details

    Similar Nearby for Sale

    • $149,999
      12.50 Acres

      Virginia City Vacant Land

      12+ acre vacant land with mountain views near Virginia City.
      4720 Lost Burro Rd, Virginia City, NV 89521
      View Details
    • $3,699,000
      364.62 Acres

      364 Acre Mountain Oasis Land

      Land with mountain views, artisan well, and fresh water springs.
      Virginia City Rnch, Reno, NV 89521
      View Details
    • $60,000
      39.84 Acres

      Virginia City Highlands Land

      40 acre lot in Virginia City Highlands near Reno.
      261S-40S Lot Riv Vw Rd, Reno, NV 89521
      View Details
    • $229,000

      Reno Commercial Land - $229K

      Prime Reno land, ready for development.
      0 Trademark Dr, Reno, NV 89521
      View Details
    • $249,900
      41.83 Acres

      Reno Land with Mountain Views

      41.83-acre parcel with views of Jobs Peak and Mt. Rose.
      Geiger Grade Rd, Reno, NV 89521
      View Details
    • $98,000
      11.68 Acres

      Reno Land with Exceptional Views

      Just under 12 acres in Virginia City Highlands.
      2980 N Star Rd, Reno, NV 89521
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4 SF

      Land for Lease Near Freeway

      Commercial land available for lease near Double R Marketplace.
      Damonte Rnch Pkwy / Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing
      18,150 SF

      Commercial Land Parcel For Rent

      1.429 acre commercial land parcel with finished pad.
      Damonte Ranch Pkwy, Reno, NV 89521
      View Details
    • $28 SF/Yr
      906 SF

      Reno Office Space Available

      Office space available for lease in Reno, Nevada.
      10765 Double R Blvd, Reno, NV 89521
      View Details
    • $1.45 SF/Yr
      39,338 SF

      Reno Flex Industrial Building For Lease

      Flex industrial building in South Reno with ample parking.
      9475 Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing
      44,970 SF

      Double R Marketplace: Retail Opportunity

      South Reno retail center; 44,970 SF available.
      0 Damonte Rnch Pkwy & Double R Blvd, Reno, NV 89521
      View Details
    • Contact for pricing
      78,605 SF

      Reno Warehouse Space Available

      78,605 SF warehouse space for lease in Reno.
      1175 Trademark Dr, Reno, NV 89521
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    341 286S
    Reno, NV 89521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!