1901 Silverada Blvd Reno, NV 89512
- Grocery and convenience stores
- 90,440 SF
- 10.43 lot acres
Current Use by Public Records
- Truckee Meadows Dog Training / Dog Trainer
- North Peak Climbing & Fitness / Rock Climbing Instructor / Sports Club
- Tax 100 / Tax Preparation Service
- Marisol's Beauty Salon / Beauty Salon
- El Paisano / Salvadoran Restaurant
Property Details for 1901 Silverada Blvd
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.43 lot acres
- Property size
- 90,440 SF
- Zone code
- GC
- Property type
- Grocery and convenience stores
- APN
- 026-282-13
- APU
- 2628213
Description
This exceptional Class A, 125,000 square foot, grocery-anchored shopping center at 1901 Silverada Blvd, Reno, NV 89512, presents a compelling investment opportunity. The property boasts seven single-story buildings situated on a spacious 10.43-acre lot. Currently undergoing extensive renovations commencing in early 2024, this center is poised for significant growth and enhanced performance. The renovations are designed to transform this already successful asset into a top-performing property. With a total of 125,000 square feet, there are currently 36,442 square feet of vacant space available for lease, offering various unit sizes ranging from 1,235 to 29,443 square feet, ideal for a variety of retail tenants. The center's prime location in Reno, Nevada, ensures high visibility and accessibility, attracting a substantial customer base. This is a rare chance to acquire a well-positioned, improving retail center in a thriving market. The property's multiple tenancy structure provides diversification and stability, making it an attractive investment for both seasoned and emerging investors. Don't miss this opportunity to capitalize on the revitalization of this prominent Reno shopping destination.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,660,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,165,000
- 6.5%
- $1,120,000
- 7%
- $1,035,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,300,000
- Geo Method
- $1,115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,200,000
- Retail
- $1,105,000
- Mixed-Use
- $1,400,000
- Hospitality
- $1,305,000
- Educational
- $1,185,000
- Residential Income
- $1,230,000
- Energy
- $1,055,000
- Income-Based Land
- $1,270,000
- Food Service
- $1,305,000
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.784
- Latitude
- 39.5467
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
