Financial
Distress signals
Property profile

2187 Market St Reno, NV 89502

FOR LEASE
Auto shops
Property ID
US62-0452697
10,620 SF 0.63 ac lot Built 1986
Last sale Dec 2000 · $2,400,000
Individually Owned Owner of record is an individual. 14-yr Hold Held for 14 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a combined office and warehouse space configuration with approximately 1,661 square feet of total area. It has freeway frontage and is situated in a high-traffic location, supporting potential commercial use where both customer-facing areas and storage or distribution functions are needed.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$327k
Assessed land$166k
Assessed improvement$161k
Effective rate3.28%

Value estimate

· Sep 2026
$395k
$356k – $435k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$2k
Operating expenses−$4k
NOI · 54,114.94% cap applied$9k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$320/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$212 – $437

Cap rate analysis

How does the asset earn?
54,114.94%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ME
The ME district is intended to provide a mix of employment focused uses such as light manufacturing, processing, wholesaling, flex space,...
General categoryINDUSTRIAL
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.4
Convenience Store9.9
Pawn Shop9.8

Location

2187 Market St Reno, NV 89502
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
935 Harvard, Reno, NV 89502-2021 $2,390,000 Dec 2023 7,500 SF
3215 Ml, Reno, NV 89502-2219 $4,000,000 May 2022 8,990 SF
90 Sunshine, Reno, NV 89502-1268 $6,520,988 Jun 2021 8,640 SF
757 Kietzke, Reno, NV 89502-2013 $4,117,000 May 2021 13,346 SF
2825 Kietzke, Reno, NV 89502-4353 $2,950,000 Dec 2020 13,232 SF
2245 Harvard, Reno, NV 89502-4059 $1,500,000 Mar 2020 8,444 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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