Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1500 Terminal Way Reno, NV 89502-3429

    • Parking lots & garages
    • 550,368 SF
    • 1,131.28 lot acres
    OFF-MARKET
    Value Estimation
    $1,150,000
    Last Sale
    May 02, 2024
    Location Intelligence
    Property ID
    US62-0757104
    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.

    Current Use by Public Records

    • Airport Terminal Services / Aviation Consultant
    • Alaska Air Cargo / Shipping And Mailing Service
    • Integrated Airline Services Inc / Airline
    • Global Aviation Services / Aviation

    Property Details for 1500 Terminal Way

    Year built
    1997
    Construction
    FRAME
    Lot size
    1,131.28 lot acres
    Property size
    550,368 SF
    Zone code
    MA
    Property type
    Parking lots & garages
    APN
    015-210-34
    APU
    1521034

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,050,000
      6.5%
      $1,080,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,270,000
      Geo Method
      $1,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $995,000
      Retail
      $1,180,000
      Mixed-Use
      $1,310,000
      Hospitality
      $980,000
      Educational
      $1,030,000
      Residential Income
      $1,210,000
      Energy
      $945,000
      Income-Based Land
      $1,230,000
      Food Service
      $1,290,000

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.769
    Latitude
    39.4997
    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
    $9,617
    $39,594,800
    $46,770,860
    $86,365,660
    -
    $113,128,000
    $133,631,029
    $246,759,029

    Comparable in this City

    • Value Estimation by Request
      591,000 SF

      2985 Virginia St

      PARKING GARAGE, PARKING STRUCTURE • 591,000 SF
      2985 Virginia St, Reno, NV 89502
      View Details
    • Value Estimation
      $1,045,000
      59,848 SF

      2042 Element Ln

      PARKING GARAGE, PARKING STRUCTURE • 59,848 SF
      2042 Element Ln, Reno, NV 89502-3467
      View Details
    • Value Estimation by Request
      3,350 SF

      1100 Gentry Way

      AUTO REPAIR, GARAGE • 3,350 SF
      1100 Gentry Way, Reno, NV 89502-4423
      View Details
    • Value Estimation
      $415,000
      2,700 SF

      665 Linden St

      AUTO REPAIR, GARAGE • 2,700 SF
      665 Linden St, Reno, NV 89502-3654
      View Details
    • Value Estimation
      $380,000
      2,475 SF

      2625 Kietzke Ln

      VEHICLE SALES, RENTALS • 2,475 SF
      2625 Kietzke Ln, Reno, NV 89502-8329
      View Details
    • Value Estimation
      $920,000
      3,000 SF

      455 Sunshine Ln

      AUTO REPAIR, GARAGE • 3,000 SF
      455 Sunshine Ln, Reno, NV 89502-1522
      View Details

    Similar Nearby for Sale

    • $540,000
      2,152 SF

      Midtown Reno Commercial Opportunity

      Remodeled building with parking in vibrant Midtown Reno.
      463 N/W Cor Of Wl And Moran St, Reno, NV 89502
      View Details
    • New
      $2,500,000
      18,717 SF

      Reno Mixed-Use Investment Opportunity

      2.26-acre property with self-storage, auto sales, and residential income.
      2720 Kietzke Ln, Reno, NV 89502
      View Details
    • $1,500,000
      0.41 Acres

      Redevelopment Parcel in Reno Heart

      Prime 0.409 AC parcel suitable for retail, office, residential uses.
      640 Kuenzli St, Reno, NV 89502
      View Details
    • $1,700,000
      5,864 SF

      Midtown Reno Mixed-Use Property

      5,864 SF Office, Vacant, Opportunity Zone
      924 Virginia St, Reno, NV 89502
      View Details
    • $5,000,000
      1.67 Acres

      3390 Virginia St

      Individual retail properties • 24,289 SF
      3390 Virginia St, Reno, NV 89502
      View Details
    • $4,200,000
      14,000 SF

      Reno Mixed-Use Investment Opportunity

      14,000 SF, Fully Renovated, Vacant
      70 Linden St, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Reno Center

      Retail space available in Reno, anchored by prominent businesses.
      3370-3400 Kietzke Ln, Reno, NV 89502
      View Details
    • $18 SF/Yr
      3,000 SF

      Reno Retail Space Available

      Retail space available for lease in Reno, Nevada.
      535-595 E Moana Ln, Reno, NV 89502
      View Details
    • $24 SF/Yr
      1,660 SF

      Retail Space on South Wells

      Retail space available for lease in Reno, Nevada.
      300 S Wells Ave, Reno, NV 89502
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on McCarran Boulevard

      2,000 SF retail space available for lease.
      3959-3999 Mccarran Blvd, Reno, NV 89502
      View Details
    • $2 SF/Yr
      2,512 SF

      Retail Space with Highway Visibility

      Retail spaces available with easy access and ample parking.
      1296 E Plumb Ln, Reno, NV 89502
      View Details
    • $2 SF/Yr
      1,178 SF

      Retail Space with Highway Visibility

      Retail spaces available with easy access and ample parking.
      1290 E Plumb Ln, Reno, NV 89502
      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.
    1500 Terminal Way
    Reno, NV 89502-3429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.