132 E 2Nd St Reno, NV 89501
Property Lookup
Property profile & analytics
132 E 2Nd St Reno, NV 89501
- Retail space
- 3,312 SF
- 0.64 lot acres
Property ID
US62-0842714
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.
Location Intelligence
Current Use by Public Records
- Upholstery Cleaning in Reno / Carpet Cleaning Service
- MYNT / (Bike/Boat/Book/etc) Store
Property Details for 132 E 2Nd St
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 3,312 SF
- Zone code
- MDRD
- Property type
- Retail space
- APN
- 011-072-15
- APU
- 1107215
Description
This exceptional investment opportunity presents a 3,312 square foot, single-tenant storefront located at 132 E 2nd Street, Reno, NV 89501. The property, built in 2006, boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $296,479, reflecting a 100% occupancy rate. The current tenant, a well-established cannabis dispensary, has a proven track record of success in this high-growth area of downtown Reno. The property benefits from its strategic location adjacent to the new 369-unit BALLPARK multifamily development and Ace's Ballpark, ensuring high foot traffic and visibility. The 0.643-acre lot is zoned MD and features on-site security, reflecting a commitment to safety and operational efficiency. The building itself is a single-story, Class C structure with a NNN lease in place. This turnkey investment offers a compelling opportunity to acquire a stable, high-performing asset in a thriving Reno submarket. The asking price is $4,941,318.33. The property's APN is 011-072-15. This is a rare chance to own a piece of Reno's vibrant downtown core. The tenant has operated successfully at this location for over seven years.
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
- -119.811
- Latitude
- 39.527
- 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
$17,374
$218,785
$153,477
$372,262
-
$625,100
$438,507
$1,063,607
