Property profile

229 2nd St Reno, NV 89501

OFF-MARKET
Retail space
Property ID
US62-0443265
4,950 SF 0.18 ac lot Built 1922
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1922
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,950 SF
Lot 0.18 ac (8,015 SF)
Zoning code MDED
APN 011-031-09
UPID US62-0443265

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Atm Currency Exchange Service
  • Building Supply

Location

229 2nd St Reno, NV 89501-1207
Reno metro Census 104 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$965k
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2014
5 recorded transactions
2022
Price N/A
2018
Price N/A
2014
$2.2M
2008
Price N/A
1990
$125,000

Zoning & alternative use

MDED · Reno, NV

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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