Financial
Distress signals
Property profile

400 Wls Ave Reno, NV 89502

OFF-MARKET
Office buildings
Property ID
US62-0472574
10,502 SF 0.34 ac lot Built 1964
Last sale Dec 2020 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A two-story, renovated mixed-use building located in the Wells district, configured to serve as a creative workspace suitable for office, retail, or flex use. The interior includes a contemporary build-out with abundant natural light, and the property provides outdoor patio areas. The building is positioned on a major thoroughfare with convenient access to Downtown and the I-80 and I-580 freeways. It is surrounded by restaurant and retail amenities and is directly across the street from Stewart Park.

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?
$15k
Tax billed · 2023
Assessed value$447k
Assessed land$92k
Assessed improvement$355k
Effective rate3.39%

Value estimate

· Sep 2026
$760k
$684k – $836k
AI approach$765k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$225/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$109 – $350
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GC
The GC district is intended to accommodate a mix of established low-intensity auto-oriented uses, while supporting the gradual transition...
General categoryCOMMERCIAL
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.3
Laundromat7.7
Laundry Service7.3

Location

400 Wls Ave Reno, NV 89502-1823
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales 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
3301 Virginia, Reno, NV 89502-4516 $270,000 Apr 2025 18,075 SF
830 Harvard, Reno, NV 89502-2055 $6,000,000 Sep 2024 7,200 SF
1225 Financial, Reno, NV 89502-7103 $1,931,250 Sep 2024 6,153 SF
1550 Wls, Reno, NV 89502-2982 $468,000 Jul 2024 5,778 SF
4065 Virginia, Reno, NV 89502-6007 $2,222,500 Jun 2024 18,252 SF
960 Virginia, Reno, NV 89502-2416 $2,100,000 Feb 2024 17,718 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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