Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12759 Virginia St Reno, NV 89511-8973
    Property profile & analytics

    12759 Virginia St, Reno, NV 89511-8973

    View on Map
    • Commercial land
    • 0.33 lot acres
    Off-Market
    Last Sale Mar 25, 2024
    Property ID
    US62-0212622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 12759 Virginia St

    Lot size
    0.33 lot acres
    Zone code
    MS
    Property type
    Commercial land
    APN
    049-360-08
    APU
    4936008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 25, 2024 — Tamarack Land Co LLC G Peg Land Co LLC Bargain And Sale Deed —
    Aug 16, 2022 — Tamarack Crossing LLC — Deed · related $190M · Citizens Bank NA
    Jul 25, 2019 — Tamarack Crossing LLC — Grant Deed · related $5.1M · Nevada St Bk
    Jul 19, 2001 $344,500 Tamarack Partners LLC Carano,donald L & Rhonda B Grant Deed —
    Jun 13, 2000 $507,500 Donald L Carano Betterley,mary J Grant Deed —
    Nov 18, 1996 $12,500 Mary J Betterley Rowan,joseph H & Maxine B Grant Deed $75k · Avco Mortgage Corp
    — — Donald L Carano — Deed Of Trust · related $220k · Recreational Enterprises INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.757
    Latitude
    39.4165
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,309
    $35,706
    $0.00
    $35,706
    -
    $102,018
    $0.00
    $102,018

    Comparable in this City

    • Value Estimation by Request
      0.56 Acres

      5 Sunridge Dr

      VACANT COMMERCIAL LAND
      5 Sunridge Dr, Reno, NV 89511-8727
      View Details
    • Value Estimation by Request
      0.03 Acres

      Virginia St

      VACANT COMMERCIAL LAND
      Virginia St, Reno, NV 89511
      View Details
    • Value Estimation by Request
      22.16 Acres

      Virginia St

      VACANT COMMERCIAL LAND
      Virginia St, Reno, NV 89511
      View Details
    • Value Estimation by Request
      1.82 Acres

      Dow Jones Ln

      VACANT COMMERCIAL LAND
      Dow Jones Ln, Reno, NV 89511
      View Details
    • Value Estimation
      $4,905,000
      5.05 Acres

      11420 Virginia St

      VACANT COMMERCIAL LAND
      11420 Virginia St, Reno, NV 89511
      View Details
    • Value Estimation by Request
      0.36 Acres

      Virginia St

      VACANT COMMERCIAL LAND
      Virginia St, Reno, NV 89511
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rancharrah Land Opportunity

      Prime land for build-to-suit in Rancharrah Project.
      5301 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Prime Land Near Tesla Dealership

      1.9-acre commercial land with high visibility in Reno, Nevada.
      9722 S Virginia St, Reno, NV 89511
      View Details
    • Contact for pricing

      Commercial Land Near Medical Center

      Land zoned for general office use near medical facilities.
      7504 Longley Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Longley Lane Commercial Land Opportunity

      Prime commercial land with high visibility on Longley Lane.
      00 Longley Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Land in Southwest Reno Submarket

      Land with frontage on Mt. Rose Highway in Reno, Nevada.
      Mount Rose Hwy, Reno, NV 89511
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Suite in South Reno

      Move-in ready medical suites off S. Virginia Street available for lease.
      15 Mccabe Dr, Reno, NV 89511
      View Details
    • $1.10 SF/Yr
      4,915 SF

      Reno Flex Space Available

      Well-appointed flex space in high-traffic Reno location.
      5301 Longley Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Mountain View Corporate

      Discover many ways to work your way in Mountain View Corporate
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing

      Reno Warehouse Space Available

      Warehouse space available for lease in Reno, Nevada.
      600 Herz Blvd, Reno, NV 89511
      View Details
    • Contact for pricing
      4,346 SF

      Reno Office Space For Rent

      Office space for rent in central Reno location.
      5340 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      49,500 SF

      Reno Warehouse Space Available

      37,125 SF warehouse space for lease in Reno.
      6550 Longley Ln, Reno, NV 89511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12759 Virginia St
    Reno, NV 89511-8973
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12759 Virginia St, Reno, NV, 89511
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!