Property profile

1500 Virginia St Reno, NV 89502

OFF-MARKET
Auto shops
Property ID
US62-0083551
1,458 SF 0.58 ac lot Built 1972
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,458 SF
Lot 0.58 ac (25,178 SF)
Zoning code MUMC
APN 014-234-22
UPID US62-0083551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Loan Service Bank
  • Training Center (Bike/Boat/Book/etc) Store
  • Tattoo & Piercing Shop

Location

1500 Virginia St Reno, NV 89502-2808
Reno metro Census 201 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$637k
Blend (final) Blend
$695k

Owner & transaction history

since 2022
Last sale
$610,000
6 recorded transactions
2022
Price N/A
2011
Price N/A
2011
$610,000
2010
$630,859
2004
Price N/A
2002
$490,000

Zoning & alternative use

MUMC · Reno, NV
Top alternative use upside
Commercial (general) $955,000 +105.3%
Neighborhood: shopping center $585,000 +25.6%
Medical building $510,000 +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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