Property profile

1700 Wls Ave Reno, NV 89502

OFF-MARKET
Turn key restaurants
Property ID
US62-0462226
2,616 SF 0.48 ac lot Built 1970
Individually Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,616 SF
Lot 0.48 ac (21,000 SF)
Zoning code GC
APN 013-451-01
UPID US62-0462226

Cap rate & NOI

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

Location

1700 Wls Ave Reno, NV 89502-3307
Reno metro Census 201 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2008
5 recorded transactions
2019
Price N/A
2008
Price N/A
2003
$450,000
1993
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Reno, NV
Zoning description

The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition of the city's suburban corridors to a mix of higher-density residential, retail, c…

General category COMMERCIAL

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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