Financial
Distress signals
Property profile

7520 Longley Ln Reno, NV 89511

OFF-MARKET
Strip malls
Property ID
US62-0366507
7,968 SF 0.76 ac lot Built 2007
Last sale Sep 2019 · $4,190,000
Trust Owned Owner of record is a trust. 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This two-story, 7,698 square foot retail strip center in Reno, Nevada's South Meadows submarket, presents a compelling investment opportunity. Built in 2007, the property is situated at 7520 Longley Lane, near the intersection of Longley Lane and South Virginia Street, offering convenient access to Interstate 395. The center features a mix of uses, as indicated by its Mixed-Use Suburban zoning. Currently, 3,491 square feet of retail space is available, previously occupied by a martial arts

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$19k
Tax billed · 2023
Assessed value$550k
Assessed land$163k
Assessed improvement$387k
Effective rate3.41%

Value estimate

· Sep 2026
$365k
$329k – $402k
CAP approach$1.78M

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MS
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, reta...
General categoryMIXED_USE
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.7
Parking Facility12.2
Food Market12.1

Location

7520 Longley Ln Reno, NV 89511-1211
County assessor Recorded deeds · 12 transfers 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7590 Colbert, Reno, NV 89511-1352 $10,000 Jan 2025 6,043 SF
7675 Virginia, Reno, NV 89511-1140 $13,750,000 Oct 2023 13,200 SF
8056 Virginia, Reno, NV 89511-8952 $4,561,552 Oct 2022 5,168 SF
11355 Virginia, Reno, NV 89511-8920 $3,900,000 Dec 2021 9,600 SF
6775 Sierra Ctr, Reno, NV 89511-2371 $3,080,000 Apr 2021 8,459 SF
7530 Longley, Reno, NV 89511-1462 $4,190,000 Sep 2019 9,420 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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