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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    465 Meadows Pkwy Reno, NV 89521

    • Neighborhood centers
    • 28,420 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Reno Dental Designs / Dental Office
    • Domino's Pizza / Take-out & Catering
    • Flowing Tide Pub 2 / Bar & Pub
    • Orenda Chiropractic / Alternative Medicine Practice
    • Dr. Ronald West / Dental Office

    Property Details for 465 Meadows Pkwy

    Year built
    1999
    Property size
    28,420 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity presents 2,400 square feet of contiguous space at 465 S Meadows Pkwy, Reno, NV 89521. Situated in the Double Diamond Town Center submarket cluster, this single-story, Class B building offers a flexible layout ideal for various retail uses. Built in 1999, the property boasts a total of 28,420 square feet across two suites, with the available space encompassing Suites 14 & 15. The space features an open layout, restrooms, and a small office, making it ready for immediate occupancy. With a minimum divisible space of 1,200 square feet and a maximum contiguous space of 2,400 square feet, this property is adaptable to a range of business needs. The 2.57-acre lot is zoned PUD (Planned Unit Development), offering potential for future expansion or modification. The property's convenient location at the intersection of South Meadows Parkway and Gateway Drive ensures high visibility and accessibility for customers. This is a rare opportunity to secure a well-located retail space in a thriving Reno neighborhood. The APN is 163-062-16.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.762
    Latitude
    39.4391

    Comparable in this City

    • Value Estimation
      $4,450,000
      28,420 SF

      465 Mdws Pkwy

      SHOPPING CENTER, STRIP CENTER • 28,420 SF
      465 Mdws Pkwy, Reno, NV 89521-5945
      View Details
    • Value Estimation
      $1,715,000
      9,980 SF

      10855 Double R Blvd

      SHOPPING CENTER, STRIP CENTER • 9,980 SF
      10855 Double R Blvd, Reno, NV 89521-5857
      View Details
    • Value Estimation
      $785,000
      6,540 SF

      195 Damonte Rnch Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,540 SF
      195 Damonte Rnch Pkwy, Reno, NV 89521-1909
      View Details
    • Value Estimation
      $1,245,000
      6,202 SF

      175 Damonte Rnch Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,202 SF
      175 Damonte Rnch Pkwy, Reno, NV 89521-1910
      View Details
    • Value Estimation
      $1,900,000
      8,400 SF

      59 Damonte Rnch Pkwy

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      59 Damonte Rnch Pkwy, Reno, NV 89521-1907
      View Details
    • Value Estimation by Request
      3,800 SF

      75 Damonte Rnch Pkwy

      SHOPPING CENTER, STRIP CENTER • 3,800 SF
      75 Damonte Rnch Pkwy, Reno, NV 89521-2996
      View Details

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    Similar Nearby for Lease

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      Retail space available for lease in Reno, Nevada.
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      View Details
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    Reno, NV 89521
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    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
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