5020 Las Brisas Blvd Reno, NV 89523-6238
Property profile & analytics
5020 Las Brisas Blvd, Reno, NV 89523-6238
- Strip malls
- 6,797 SF
- 1.53 lot acres
Property ID
US62-0226801
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.
Location Intelligence
Current Use by Public Records
- Squeeze In / Restaurant
- Keva Juice / Specialty Food Shop / (Bike/Boat/Book/etc) Store
- Christopher Robin Whorton - State Farm Insurance Agent / Insurance Agency
- Old World Coffee Roasters - Northwest / Cafe & Coffee Shop
Property Details for 5020 Las Brisas Blvd
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 1.53 lot acres
- Zone code
- NC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 001-144-10
- APU
- 114410
Description
This exceptional Class A shopping center in Reno, Nevada, presents a compelling investment opportunity. Spanning 13,957 square feet across two single-story buildings on a 1.53-acre lot, this property boasts 100% occupancy with seven diverse tenants, including food and beverage, medical, and professional services. Built in 2006, the center features a strong tenant mix with long-term leases, averaging five years remaining. The property enjoys a prime location at the intersection of S. McCarran Blvd. and Las Brisas Blvd., benefiting from high visibility and traffic counts exceeding 27,000 cars per day. Ample parking (87 spaces) and convenient access to I-80 and N. Virginia St. further enhance its appeal. The surrounding area is densely populated, with over 14,000 residents and 5,500 homes within a one-mile radius, boasting an average household income exceeding $103,000. The property's Net Operating Income (NOI) is $390,503, yielding a 6.51% cap rate, and is offered at $6,000,000 ($429.89/sq ft). The property is zoned NC and includes an assumable loan of $2.5 million at 4.763% interest, maturing in July 2025. This is a rare opportunity to acquire a high-performing, well-located retail asset in a thriving Reno submarket.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $758,000
Market price range: $317k - $759k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.863
- Latitude
- 39.54
- 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
$23,749
$233,415
$497,263
$730,678
-
$666,900
$1,420,750
$2,087,650
