Property profile

507 4th St Reno, NV 89512

OFF-MARKET
Grocery and convenience stores
Property ID
US62-0453859
1,323 SF 0.25 ac lot Built 1966
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two adjacent convenience stores located in the heart of Reno, Nevada, at 507 & 535 E 4th St. The properties, situated on a combined 0.25 acres, boast a total square footage ranging from 1,323 to 4,200 square feet, offering significant potential for expansion or redevelopment. Built in 1930 and 1966 respectively, these buildings are zoned MD-ID (Mixed-Use Downtown Innovation District), allowing for a variety of uses beyond their current configuration as mini-marts. The properties are conveniently located in Reno, Washoe County, NV, 89512, providing easy access to a high-traffic area and a dense population base. The asking price for this combined retail investment is $1,325,000. The individual APNs are 008-241-09 and 008-241-06. This presents a rare chance to acquire established businesses in a thriving urban core, with the flexibility to adapt to evolving market demands within the dynamic MD-ID zoning. The properties' location and zoning provide a strong foundation for long-term growth and profitability, making this an attractive investment for both seasoned and emerging investors seeking a foothold in the Reno market. The combined size and strategic location offer significant upside potential for future development or continued operation as successful convenience stores.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1966
Construction METAL FRAME
Total area 1,323 SF
Lot 0.25 ac (10,857 SF)
Zoning code MDID
APN 008-241-09
UPID US62-0453859

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

507 4th St Reno, NV 89512-3317
Reno metro Census 105 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2019
Price N/A
2013
Price N/A
2013
Price N/A
2006
Price N/A
2006
Price N/A

Zoning & alternative use

MDID · Reno, NV

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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