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Property profile & analytics
FOR LEASE
Strip malls
2880 Northtowne Ln, Reno, NV 89512
Entity Owned
Absentee Owner
Free & Clear
Property ID
US62-0444399
For Lease
1 / 2
$27 SF/Yr
2880 Northtowne Ln, Reno, NV 89512
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
WOOD
Total area
5,800 SF
Lot
1.94 ac (84,419 SF)
Zoning code
GC
APN
026-182-64
UPID
US62-0444399
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
-
Bank of America ATM Atm
-
NV Nails Nail Salon
-
Northtowne Insurance Insurance Agency
-
Little Caesars Pizza Restaurant
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M W Properties LLC
M W Properties LLC
since 2025
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,778
Tax year 2023
Assessed value
$1,103,014
Assessed 2023
Previous assessed
$1,103,014
+0.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$413,609
Assessed improvement
$689,405
Land market value
$1,181,740
Improvement market value
$1,969,728
Total market value
$3,151,468
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,800 SF
Lot
1.94 ac (84,419 SF)
Zoning code
GC
APN
026-182-64
UPID
US62-0444399
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
M W Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5800 LONETREE BLVD STE #201, ROCKLIN, CA 95765-3802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$7,100,000
M W Properties LLC
Massie Family Trust
Bargain & Sale Deed
—
Sep 10, 2024
—
Standing Stones Holdings LLC
Ckmr2 LP
Bargain And Sale Deed
—
Jul 7, 2015
—
Ckmr2 LP
Massie C K Family Trust
Grant Deed
—
Aug 13, 2013
—
Massie,clara K Family Trust
North Mccarran Crossing LLC
Grant Deed
related
—
Aug 12, 2013
$5,200,000
Massie,clara K Family Trust
North Mccarran Crossing LLC
Grant Deed
—
Sep 30, 2010
—
North Mccarran Crossing LLC
—
Deed Of Trust
related
$3,117,000 · Bank Of America
Apr 10, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
North Mccarran Crossing LLC
—
Deed Of Trust
related
$3,117,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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