22 Hillcrest Dr Reno, NV 89509-3401
Property profile & analytics
22 Hillcrest Dr Reno, NV 89509-3401
- Retail space
- 3,580 SF
- 0.23 lot acres
Property ID
US62-0285154
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.
Location Intelligence
Current Use by Public Records
- Shift Gears Bodywork / Alternative Medicine Practice / Spa & Massage Center
- Live In Peace Massage / Alternative Medicine Practice / Spa & Massage Center
Property Details for 22 Hillcrest Dr
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.23 lot acres
- Property size
- 3,580 SF
- Zone code
- MU
- Property type
- Retail space
- APN
- 019-052-17
- APU
- 1905217
Description
This exceptional investment opportunity presents a stabilized, 8,197 square foot retail shopping center in Reno, Nevada. The property, known as Hillcrest Shops, consists of three, two-story buildings totaling 8,197 net rentable square feet, situated on a 0.371-acre lot. Currently boasting 100% occupancy with ten tenants primarily in the beauty and wellness sector, the center generates a strong net operating income (NOI) of $172,057, resulting in a 6.49% capitalization rate. The asking price is $2,650,000, translating to $323.29 per square foot. Built in 1960 and extensively renovated in 2024, the property features newly installed siding and roofing on all three buildings, along with a freshly paved parking lot. The interior of each unit has also undergone a complete renovation, providing modern, turnkey spaces. Located at 22 Hillcrest Dr, Reno, NV 89502, the property benefits from a prime location across from the Reno Experience District (RED), a vibrant new development with high-density luxury apartments and experiential venues, ensuring high foot traffic and visibility. Its proximity to a busy strip mall further enhances its desirability. The property is zoned MU and offers a compelling investment opportunity for those seeking stable cash flow and potential appreciation in a thriving Reno location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,225,000
- ML approach
- $1,420,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $920,000 Current use
- COMMERCIAL (GENERAL)
- $1,910,000 Change: +107% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,440,000 Change: +56% Conversion: Moderate
- MEDICAL BUILDING
- $1,250,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,205,000 Change: +31% Conversion: Difficult
- OFFICE BUILDING
- $1,015,000 Change: +10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.804
- Latitude
- 39.5044
- 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
$2,357
$33,679
$40,274
$73,953
-
$96,226
$115,068
$211,294
