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Property profile & analytics
OFF-MARKET
Neighborhood centers

6625 Virginia St Reno, NV 89511

153,571 SF Built 2004
Property ID
Property summary
AI-generated overview

The Commons, a Class A, 153,571 square foot retail power/strip center in Reno's prime retail corridor, offers multiple spaces for lease. Two spaces are currently available, ranging from 1,065 to 2,423 contiguous square feet, with a total of 4,685 square feet of vacant space. Located on South Virginia Street, this one-story building boasts excellent visibility and signage potential due to its proximity to I-580, a fully signalized intersection at Neil Road, and its location just a quarter-mile from freeway on/off ramps. The center benefits from high traffic counts, with an average of 23,900 vehicles daily on South Virginia Street and 115,000 vehicles daily on I-580. Strong demographics include 69,393 residents within a 3-mile radius, boasting a median household income of $54,487, and a robust daytime population of 61,563 workers within the same radius. The property sits on 12.36 acres and includes 625 parking spaces. Major co-tenants include DSW Shoes, PetSmart, Guitar Center, David's Bridal, Total Wine, 5.11 Tactical, Starbucks, California State Automobile Association, Kenny G Jewelers, Massage Envy, Mattress Firm, Eyemart Express, Great Clips, Teriyaki Madness, and Tacos El Rey. The center's location near the 141-acre Rancharrah master-planned community, featuring 600+ new homes and extensive commercial development, further enhances its appeal. This is a unique opportunity to secure retail space in a thriving Reno location. The property was built in 2004.

Property profile
Verified
Property type Neighborhood centers
Year built 2004
Total area 153,571 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
Current use
Occupant on record · Public records
  • Commons Shopping Center Shopping Center & Mall
  • Galaxy Auto Parts Auto Parts Store
  • Mattress Firm Virginia Furniture & Home Goods
  • Foreclosure and Short Sale Professional Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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