Financial
Distress signals
Property profile

960 Ambassador Dr Reno, NV 89523

FOR LEASE
Strip malls
Property ID
US62-0008694
5,892 SF 0.79 ac lot Built 2017
Last sale Apr 2021 · $3,100,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail building located in Northwest Reno, just off I-80 at the intersection of Robb Drive and Ambassador Drive. It features a modern design with an open interior layout and provides ample on-site parking. The property is zoned PD and supports office, retail, or restaurant uses. The site is positioned for convenient access to I-80 and Robb Drive and is situated within a commercial area with nearby businesses including a hotel and multiple retail and restaurant operators.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$471k
Assessed land$180k
Assessed improvement$292k
Effective rate3.15%

Value estimate

· Sep 2026
$3.34M
$3.01M – $3.67M
AI approach$3.74M
Sales comparison$3.18M
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$10k
Operating expenses−$32k
NOI · 3,727,900.00% cap applied$75k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$402/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$223 – $608

Cap rate analysis

How does the asset earn?
3,727,900.00%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PD
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency39.0
Building Supply27.5
Restaurant23.9

Location

960 Ambassador Dr Reno, NV 89523
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6340 Mae Anne, Reno, NV 89523-4731 $72,800 Jan 2025 6,130 SF
6310 Mae Anne, Reno, NV 89523-4735 $1,100,000 May 2024 5,650 SF
6300 Mae Anne, Reno, NV 89523-4734 $2,335,550 Apr 2024 10,050 SF
6380 Mae Anne, Reno, NV 89523-4737 $1,550,000 Jan 2024 6,200 SF
9570 Mccarran, Reno, NV 89523-9208 $3,450,000 Feb 2020 14,920 SF
6295 Sharlands, Reno, NV 89523-3737 $6,475,700 Oct 2018 11,016 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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