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    Property profile & analytics

    5000 Smithridge Dr Reno, NV 89502-5653

    • Community centers
    • 8,180 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimation
    $12,230,000
    Last Sale
    Jul 14, 2021
    $10,100,000
    Location Intelligence
    Property ID
    US62-0515264
    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.

    Current Use by Public Records

    • Honey Treat Yogurt / Frozen Yogurt Shop
    • Cindy Neeley-Sigurdson - State Farm Insurance Agent / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • Sparks Florist® / Florist / Flower Delivery
    • Goodwill Sacramento Valley & Northern Nevada / Thrift Store
    • Bam!Dog Righteous Hot Dogs / Hot Dog Restaurant / Takeout Restaurant

    Property Details for 5000 Smithridge Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.64 lot acres
    Property size
    8,180 SF
    Zone code
    MU
    Property type
    Community centers
    APN
    025-022-08
    APU
    2502208

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,950,000
      6.5%
      $10,590,000
      7%
      $10,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,600,000
      Geo Method
      $10,460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,030,000
      Retail
      $10,875,000
      Mixed-Use
      $10,780,000
      Hospitality
      $11,485,000
      Educational
      $10,465,000
      Residential Income
      $9,035,000
      Energy
      $10,320,000
      Income-Based Land
      $11,485,000
      Food Service
      $10,130,000

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.787
    Latitude
    39.4775
    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
    $30,184
    $478,787
    $343,597
    $822,384
    -
    $1,367,964
    $981,706
    $2,349,670

    Comparable in this City

    • Value Estimation
      $370,000
      5,460 SF

      6001 Virginia St

      MINI-MALL • 5,460 SF
      6001 Virginia St, Reno, NV 89502-6053
      View Details
    • Value Estimation by Request
      9,240 SF

      2000 Harvard Way

      MINI-MALL • 9,240 SF
      2000 Harvard Way, Reno, NV 89502-4058
      View Details
    • Value Estimation
      $12,075,000
      18,076 SF

      5000 Smithridge Dr

      MINI-MALL • 18,076 SF
      5000 Smithridge Dr, Reno, NV 89502-5653
      View Details
    • Value Estimation by Request
      51,500 SF

      355 Plumb Ln

      MINI-MALL • 51,500 SF
      355 Plumb Ln, Reno, NV 89502-3405
      View Details
    • Value Estimation
      $440,000
      7,086 SF

      75 Wls Ave

      MINI-MALL • 7,086 SF
      75 Wls Ave, Reno, NV 89502-1334
      View Details
    • Value Estimation
      $510,000
      11,907 SF

      299 Plumb Ln

      MINI-MALL • 11,907 SF
      299 Plumb Ln, Reno, NV 89502-3449
      View Details

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    Similar Nearby for Lease

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      Retail spaces available with easy access and ample parking.
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      Retail Space with Highway Visibility

      Retail spaces available with easy access and ample parking.
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    • Contact for pricing
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      Retail Space in Reno Center

      Retail space available in Reno, anchored by prominent businesses.
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    • $21 SF/Yr
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      Orchard Plaza Retail Space in Reno

      Prime Reno retail space, high visibility, multiple units.
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      View Details
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    5000 Smithridge Dr
    Reno, NV 89502-5653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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