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Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Strip malls

3304 Mccarran Blvd Reno, NV 89502-6452

5,883 SF 0.65 ac lot Built 2003
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US62-0380437
Property summary
AI-generated overview

This exceptional 1,800 square foot retail space is located within the thriving Mira Loma Shopping Center, a highly sought-after location in the Reno/Sparks metropolitan area. Part of a larger 5,883 square foot building constructed in 2003, this single-tenant storefront offers excellent visibility and accessibility. The property boasts a prime location at the intersection of Mira Loma Drive and S McCarran Boulevard, benefiting from exceptionally high daily traffic counts of 13,700 and 17,100 vehicles respectively. The center itself is incredibly popular, attracting over 1.2 million visitors annually, making it the 9th busiest retail center in the region. This bustling environment is anchored by major retailers such as Raley's Supermarket and CVS Pharmacy, ensuring a constant flow of potential customers. The property features ample parking with 438 spaces available for shoppers and employees. The 0.65-acre site is zoned GC, offering flexibility for a variety of retail or retail/office uses. The building is a single-story structure, and tenant improvement allowances are available for qualified tenants. This is a rare opportunity to secure a highly visible and successful retail space in one of Reno's premier shopping centers. The property's APN is 021-281-13.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,883 SF
Lot 0.65 ac (28,322 SF)
Zoning code GC
APN 021-281-13
UPID US62-0380437
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
  • ATM (ATM Link, Inc.) Atm
  • Sprinkle Donuts Bakery Discount Store
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M
Owner & transaction history
Asta LLC · 8 yrs held
Asta LLC
since 2018
3 recorded transactions
2018
$16.4M
2007
Price N/A
2007
Price N/A
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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