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    Property profile & analytics

    529 Stewart St Reno, NV 89502

    • Commercial real estate
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0411293
    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

    • Commercial real estate

    Property Details for 529 Stewart St

    Lot size
    0.41 lot acres
    Property type
    Commercial real estate
    APN
    013-021-51

    Description

    This exceptional 0.408-acre land parcel, located at 529 Stewart Street in Reno, Nevada (APN 013-021-51), presents a unique development opportunity. Zoned GC/MF14, this property allows for significant residential construction. The asking price is $800,000. A significant portion of the upfront work for a 19-unit ground-up new construction project has already been completed, significantly reducing development time and costs for the buyer. This makes it an ideal acquisition for experienced developers or investors seeking a streamlined project. For buyers lacking development experience, the seller is open to collaborating as the developer. To further illustrate the potential of this project, the seller has a nearly identical completed building downtown on Pine Street, providing a tangible example of the proposed design and quality. Detailed bids, plans, and pro forma financial projections are available upon request. This prime Reno location, within Washoe County and zip code 89502, offers excellent access to amenities and a strong rental market. Don't miss this chance to acquire a ready-to-develop residential land parcel in a thriving Nevada city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8023764
    Latitude
    39.5225205

    Comparable in this City

    • $5,000,000
      1.67 Acres

      3390 Virginia St

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    • $42,000,000
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      Multifamily property with compliant upgrades, designed for workforce housing.
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    • $2,500,000
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      Reno Mixed-Use Investment Opportunity

      2.26-acre property with self-storage, auto sales, and residential income.
      2720 Kietzke Ln, Reno, NV 89502
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    • $1,250,000
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      Reno Six-Plex in Midtown Location

      Six-plex with long-term tenants in a desirable midtown location.
      425 Casazza Dr, Reno, NV 89502
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    Similar Nearby for Sale

    • $5,000,000
      1.67 Acres

      3390 Virginia St

      Individual retail properties • 24,289 SF
      3390 Virginia St, Reno, NV 89502
      View Details
    • $2,500,000
      18,717 SF

      Reno Mixed-Use Investment Opportunity

      2.26-acre property with self-storage, auto sales, and residential income.
      2720 Kietzke Ln, Reno, NV 89502
      View Details
    • $1,250,000
      3,040 SF

      Reno Six-Plex in Midtown Location

      Six-plex with long-term tenants in a desirable midtown location.
      425 Casazza Dr, Reno, NV 89502
      View Details
    • $42,000,000
      65,688 SF

      Multifamily Repositioning Opportunity in Reno

      Multifamily property with compliant upgrades, designed for workforce housing.
      1901 South Virginia St, Reno, NV 89502
      View Details
    • $220,000
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      Charming Home in Prime Location

      2-bedroom home with convenient access to amenities and attractions.
      863 Nutmeg Pl, Reno, NV 89502
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    • $260,000
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      Upstairs Condo with Greenbelt View

      Two-bedroom condo with amenities near Reno-Tahoe International Airport.
      4801 Reggie Rd, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      586 SF

      Midtown Apartment in Well-Maintained Fourplex

      Nearly new 1-bedroom apartment in Midtown with modern amenities.
      260 Vassar St, Reno, NV 89502
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    • $1,725 /Mo
      800 SF

      Modern Midtown Duplex with Yard

      Modern duplex in Midtown with large windows and private backyard.
      344 Stewart St, Reno, NV 89502
      View Details
    • Contact for pricing

      Land for Rent in Reno

      Land available for rent in Reno, Nevada.
      Vassar St, Reno, NV 89502
      View Details
    • Contact for pricing
      160,096 SF

      Kietzke Center: Reno Retail Space

      Prime Reno retail space, multiple suites available.
      3370 Kietzke Ln, Reno, NV 89502
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    • Contact for pricing

      Prime Commercial Land on Kietzke

      0.81-acre commercial land for lease in high-traffic Reno location.
      2575 Kietzke Ln, Reno, NV 89502
      View Details
    • Contact for pricing

      Prime Retail Center Land

      Located in Reno's premier retail center, Firecreek Crossing.
      4827 Kietzke Ln, Reno, NV 89502
      View Details
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    529 Stewart St
    Reno, NV 89502
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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