Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    282 Nv-341 Reno, NV 89521
    Property profile & analytics

    282 Nv-341, Reno, NV 89521

    View on Map
    • Land
    • 124.71 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 282 Nv-341

    Lot size
    124.71 lot acres
    Property type
    Land

    Description

    This exceptional 124.71-acre commercial land parcel presents a unique investment opportunity in Storey County, Nevada. Located at 282 NV-341, Virginia City, NV 89521 (APN 00427171), this property offers significant potential for various commercial ventures. The land is zoned 091, as verified by the Assessor. The asking price is $470,000, translating to a price per acre of $3,768.74. Situated in a prime location, this expansive tract provides ample space for development and is ideally suited for a range of commercial uses, subject to local zoning regulations and permitting. The property's size and strategic location make it an attractive proposition for investors seeking a substantial land holding in a dynamic area. Detailed zoning information and permitted uses can be obtained from the relevant Storey County authorities. This offering represents a rare chance to acquire a significant land asset in a desirable Nevada location. Interested parties are encouraged to conduct their own due diligence to verify all information and assess the suitability of the property for their intended use. The coordinates are 39.3831391 latitude and -119.6499162 longitude.

    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
      124.71 Acres

      283S S5A

      Land
      283S S5A, Reno, NV 89521
      View Details
    • Value Estimation by Request
      39.74 Acres

      259S Vly Vw Rd

      Land
      259S Vly Vw Rd, Reno, NV 89521
      View Details
    • Value Estimation by Request
      39.84 Acres

      261S Riv Vw Rd

      Land
      261S Riv Vw Rd, Reno, NV 89521
      View Details
    • 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
      40S Sw4Se4-S36/18, Reno, NV 89521
      View Details
    • Value Estimation by Request
      364.62 Acres

      176 Virginia City Highlands

      Land
      176 Virginia City Highlands, Reno, NV 89521
      View Details

    Similar Nearby for Sale

    • $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
    • $399,900
      42.59 Acres

      Reno Land with Panoramic Views

      40+-acre Reno land with views, horse zoning, and urban convenience.
      Western Skies Dr, Reno, NV 89521
      View Details
    • $10,000,000
      40.00 Acres

      Reno Land with Panoramic Views

      40-acre property with views, suitable for dream home.
      01672026 Western Skies Dr, Reno, NV 89521
      View Details
    • $142,900
      10.69 Acres

      Reno Land with Mountain Views

      10.69-acre parcel with Sierra Nevada views near Virginia City.
      3120 Sheridan Rd, Reno, NV 89521
      View Details
    • $80,000
      39.70 Acres

      Virginia City Highlands Land Parcel

      39.70 acre land parcel in Virginia City Highlands.
      263S-40S Lot Riv Vw Rd, Reno, NV 89521
      View Details
    • Contact for pricing

      Reno Land For Sale

      Land available for purchase in Reno, Nevada.
      1330 Geiger Grade Rd, Reno, NV 89521
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      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
    • $2 SF/Yr

      Reno Office Suites For Lease

      Office suites available for lease near I-580 and local amenities.
      730 Sandhill Rd, Reno, NV 89521
      View Details
    • Contact for pricing

      Office Suite Available For Lease

      Office suite available for lease in Reno, available September 2025.
      9790 Gateway Dr, Reno, NV 89521
      View Details
    • Contact for pricing

      Industrial Building For Lease

      Industrial building for lease in South Meadows submarket.
      9355 Gateway Dr, Reno, NV 89521
      View Details
    • Sponsored
      Contact for pricing

      NV, Reno - Double R Blvd

      Discover many ways to work your way in NV, Reno - Double R Blvd
      9805 Double R Blvd, 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.
    282 Nv-341
    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

    Thank You for Inquiry
    282 Nv-341, Reno, NV, 89521
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!