Entity Owned Property summary
This exceptional commercial property, located at 1049 S Virginia Street in Reno, Nevada's vibrant Midtown District, presents a truly unique investment opportunity. The 5,500 square foot building sits on a 0.16-acre lot and is currently operating as The Melting Pot World Emporium & Smoke Shop. This established business boasts a loyal customer base cultivated over many years, thanks to its distinctive blend of fashion, accessories, and smoking products. The property's prime location within the… dynamic Midtown area ensures high visibility and foot traffic, making it an ideal investment for a savvy entrepreneur looking to capitalize on a thriving commercial district. The building itself offers ample space for a variety of commercial uses, allowing for potential expansion or adaptation to suit the needs of a new owner. The asking price for this remarkable property is $1,750,000. This represents a rare chance to acquire a well-established business and a valuable piece of Reno real estate in a highly sought-after location. The property's history as a cultural and commercial cornerstone of the Midtown District adds to its inherent value and potential for future growth. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is ready for a new owner to continue its legacy or to reinvent its purpose within the bustling Reno community.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,500 SF
- Lot area
- 0.16 ac
- Year built
- 1931
- Stories
- 1
- APN
- 014-064-06
- Zoning
- MUMC
- Assessed value · 2023
- $114,531
- Annual tax · 2023
- $3,230
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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