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Property profile & analytics
OFF-MARKET
Land

0 Venice Dr Patrick, NV 89434

15.01 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.01-acre property, situated in the thriving Tahoe Reno Industrial Center (TRIC), presents a unique investment opportunity. The land boasts 500 acre-feet of water rights, a significant asset in this rapidly growing region. Four parcels comprise this offering, with APNs 005-101-40, 005-101-39, 005-051-30, and 005-051-34. Conveniently located near the intersection of USA Parkway and Venice Drive, the property enjoys excellent visibility and accessibility. Its prime location borders Town Center Lake, offering scenic views and a desirable environment. The property is zoned I2 and C, allowing for diverse commercial and industrial development options. Located in Storey County, Nevada, a business-friendly environment with no state income or corporate tax, this area is also a qualified Opportunity Zone. The property's proximity to Reno (20 minutes) and Lake Tahoe (45 minutes) provides unparalleled access to a robust workforce and recreational amenities. This strategic location within TRIC places the property amongst established businesses such as Tesla, Switch, Google, Apple, and many more, creating a dynamic and thriving business community. The seller is open to selling the entire parcel or individual portions. Water rights are priced at $35,000 per acre-foot, and land is priced at $12.50 per square foot.

Property profile
Verified
Property type Land
Lot 15.01 ac (653,836 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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