Property profile

530 Morrill Ave Reno, NV 89512

OFF-MARKET
Auto shops
Property ID
US62-0085724
6,078 SF 0.3 ac lot Built 1972
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,078 SF
Lot 0.3 ac (12,972 SF)
Zoning code MU
APN 008-343-06
UPID US62-0085724

Cap rate & NOI

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

Location

530 Morrill Ave Reno, NV 89512-3545
Reno metro Census 105 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2021
Price N/A
2017
Price N/A
2017
$595,000
2009
$450,000

Zoning & alternative use

MU · Reno, NV
Zoning description

The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired.…

General category MIXED_USE

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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