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Property profile & analytics
OFF-MARKET Estimated value $2,565,000
Outlet malls

2175 Market St Reno, NV 89502-1587

18,680 SF 1.49 ac lot Built 1985
Entity Owned 14-yr Hold Free & Clear
Property ID
US62-0424541
Property summary
AI-generated overview

This 18,680 square foot retail property, located at 2175 Market Street in Reno, Nevada (89502), offers a flexible space ideal for multiple tenants. The building, constructed in 1985, is a single-story Class C structure situated on 1.49 acres of land (APN: 013-311-32, Washoe County). Currently, 8,900 square feet are vacant, divisible into a minimum of 8,900 square feet and a maximum contiguous space of 8,900 square feet. The property features an end unit with a fenced storage area and benefits from excellent exposure on I-580, enhanced by recently installed freeway monument signage. The center boasts a strong tenant base, including established businesses like Big Brand Tire, Road Rider, and Street Rider. The zoning is GC. This presents a unique opportunity for businesses seeking high visibility and convenient freeway access in a well-established retail center. The property's location provides easy access to major transportation routes and a thriving commercial area. The available space is perfect for a variety of retail uses.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,680 SF
Lot 1.49 ac (64,948 SF)
Zoning code GC
APN 013-311-32
UPID US62-0424541
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Big Brand Tire & Service (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.57M
Owner & transaction history
Pestana Family Ptshp LP · 14 yrs held
Pestana Family Ptshp LP
since 2012
6 recorded transactions
2012
Price N/A
2011
Price N/A
2009
Price N/A
2009
Price N/A
2000
$2.4M
1995
Price N/A
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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