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Property profile & analytics
FOR LEASE
Outlet malls

5110 Mae Anne Ave Reno, NV 89523

22,304 SF 6.92 ac lot Built 2007
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US62-0555151
5110 Mae Anne Ave, Reno, NV 89523 For Lease
$4,765,000 280,000 SF available
5110 Mae Anne Ave, Reno, NV 89523
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Property summary
AI-generated overview

Ridgeview Plaza, a 273,960 square foot community shopping center in Northwest Reno, Nevada, offers a prime retail space of 2,832 square feet. Located at 5110 Mae Anne Ave, Reno, NV 89523, this single-story building boasts a prominent location near the intersection of McCarran Blvd and Mae Anne Ave, benefiting from high daily traffic counts of approximately 28,600 vehicles on McCarran Boulevard and 12,500 on Mae Anne Ave. The property sits on a 29-acre lot and was built in 1990. It's strategically positioned near the I-80 four-way interchange, providing excellent accessibility. The center is anchored by major retailers including Safeway, PetSmart, ULTA, Ross, and Kohl's, and is surrounded by a thriving mix of residential and commercial developments, schools, and the University of Nevada, Reno. Strong co-tenancy includes Verizon, Chipotle, Baskin Robbins, and many other popular businesses. The Northwest Reno submarket is experiencing significant growth, with 4,800 residential units approved or under construction, and an additional 429 pending approval. This presents a unique opportunity for businesses to capitalize on a densely populated and rapidly expanding area. The property's visibility and location within a successful shopping center make it an ideal investment for a variety of retail uses.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,304 SF
Lot 6.92 ac (301,566 SF)
Zoning code GC
APN 039-750-11
UPID US62-0555151
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
  • Pure Barre Gym & Fitness Center
  • iLoveKickboxing - Northwest Reno, NV Sports School Gym & Fitness Center
  • Mathnasium Tutoring Service
  • TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
  • Banfield Pet Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.34M
Comparable Approach Comparable
$3.33M
Blend (final) Blend
$4.77M
Owner & transaction history
Yacoel 2015 Partners LP · 8 yrs held
Yacoel 2015 Partners LP
since 2018
5 recorded transactions
2018
$10,000
2016
$33.0M
2007
Price N/A
2005
$3.5M
2003
$3.3M
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $7.8M +35.8%
Auto repair, garage $7.5M +30.9%
Apartment house (5+ units) $7.4M +28.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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