Financial
Distress signals
Property profile

1565 Vassar St Reno, NV 89502

FOR SALE
Strip malls
Property ID
US62-0379479
37,492 SF 4.16 ac lot Built 1959
Last sale May 2026 · $6,535,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Town and Country Center is a retail property consisting of 41,256 square feet located on the corner of Kietzke Lane and Vassar Street. It is configured to support a mix of service, retail, and office tenants and is designed for income-producing use with potential for future performance. The center provides ample on-site parking and benefits from corner-street frontage. The property is positioned near major access routes, including the freeway and airport, and is within proximity to the Midtown District.

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?
$35k
Tax billed · 2023
Assessed value$1.27M
Assessed land$793k
Assessed improvement$478k
Effective rate2.73%

Value estimate

· Sep 2026
$1.19M
$1.07M – $1.30M
NOI build-up
Gross scheduled income$817k
Vacancy & credit loss−$71k
Operating expenses−$224k
NOI · 7.57% cap applied$522k

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?
7.57%
$522k 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?
GC
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition...
General categoryCOMMERCIAL
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center10.1
Veterinary Clinic9.2
Barber Shop8.6

Location

1565 Vassar St Reno, NV 89502
County assessor Recorded deeds · 11 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6011 Virginia, Reno, NV 89502-6025 $10,700,000 Jun 2025 74,520 SF
5000 Smithridge, Reno, NV 89502-5653 $14,000,000 Jun 2025 43,131 SF
3750 Kietzke, Reno, NV 89502-4728 $17,800,000 May 2025 24,700 SF
5695 Virginia, Reno, NV 89502-6032 $2,611,500 Jan 2025 17,328 SF
3923 Mccarran, Reno, NV 89502-7510 $10,000,000 Nov 2024 26,208 SF
5685 Virginia, Reno, NV 89502-6032 $4,850,000 Dec 2021 50,915 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
Try Rey
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
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