13870 Stead Blvd Reno, NV 89506-1562
Property profile & analytics
13870 Stead Blvd, Reno, NV 89506-1562
- Strip malls
- 8,750 SF
- 3.15 lot acres
Property ID
US62-1283474
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
- Cardtronics ATM / Atm
- The Pylon Bar & Grill / Restaurant
Property Details for 13870 Stead Blvd
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 3.15 lot acres
- Zone code
- GC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 086-101-39
- APU
- 8610139
Description
This exceptional investment opportunity presents a fully leased, multi-tenant retail portfolio in Reno, Nevada. The property comprises three buildings totaling 21,300 square feet situated on a 3.149-acre lot, including over an acre of undeveloped land. Currently boasting 100% occupancy with two tenants under long-term NNN leases, the property generates a substantial net operating income (NOI) of $259,000, representing a 7.00% cap rate on the asking price of $3,750,000. The buildings, constructed in 1993 and renovated in 2020, are classified as Class C and feature a mix of bar, daycare, and restaurant tenants. The property is zoned GC, permitting a variety of uses. The undeveloped land presents a significant value-add opportunity, with potential for future development. Located at a high-traffic intersection with easy access to I-580, this portfolio offers a compelling combination of immediate cash flow and long-term growth potential in a rapidly developing area of Northern Nevada. The property includes five units across the three buildings and benefits from a prime location on Stead Blvd in Washoe County, zip code 89506. The seller is motivated and offering a drastic price reduction for a quick sale. This is a rare chance to acquire a strategic asset with promising returns and significant growth prospects. The property's Assessed Parcel Number (APN) is 086-101-39.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,065,000
- ML approach
- $3,065,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,120,000
- 6.5%
- $1,955,000
- 7%
- $1,815,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,515,000 Current use
- COMMERCIAL (GENERAL)
- $4,665,000 Change: +33% Conversion: Easy
- RESTAURANT
- $3,580,000 Change: +2% Conversion: Difficult
- MEDICAL BUILDING
- $3,055,000 Change: -13% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,945,000 Change: -16% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,890,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.88
- Latitude
- 39.6416
- 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
$26,604
$192,038
$585,757
$777,795
-
$548,680
$1,673,590
$2,222,270
