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    5435 North Virginia St Reno, NV 89506
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    5435 North Virginia St Reno, NV 89506

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    • Commercial real estate
    For Sale
    $950,000
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    Reno Land Investor Opportunity For Sale
    $950,000
    6.57 Acres

    Reno Land Investor Opportunity

    6.57 acres in Reno with development potential.

    5435 North Virginia Street, Reno, NV 89506
    View Listing
    Property ID
    US62-0433243
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5435 North Virginia St

    Property type
    Commercial real estate
    APN
    08254023, 08254024, 08254001, 08254002

    Description

    Exceptional investment opportunity in Reno, Nevada! This expansive 11.56-acre property comprises four parcels (APN: 08254023, 08254024, 08254001, 08254002) located at 5435 N Virginia St, 89506, Washoe County. The offering includes two 5-acre vacant land parcels zoned SF3, and two additional parcels, each with a mobile home (built in 1970 and 1977 respectively), totaling 1.4 and 0.16 acres. These latter two parcels are zoned MS (mixed-use suburban). The property also features multiple detached storage sheds and a unique two-story, 4+ car garage/shop. Enjoy stunning views and the potential for diverse development or creation of a private compound. The property borders BLM land, offering additional recreational possibilities. All four parcels are being sold together "AS IS," with no repairs or improvements to be made by the seller. The buyer assumes responsibility for the existing structures and personal property in their current condition, with no warranties implied. All boats and a 4x4 Chevy Blazer must be removed prior to closing. The asking price is $2,026,000. Taxes shown reflect the total for all four properties. Don't miss this rare chance to acquire a significant land holding in a prime Reno location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8321988777
    Latitude
    39.576852443715

    Comparable in this City

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      2.257-acre industrial-zoned land for sale in Reno's North Valleys.
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      Expansive Acreage with Panoramic Views

      Private 43-acre property with city and mountain views.
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      Reno Development Site Opportunity

      8.1-acre development site in Reno, NV with tentative map.
      13301 Mount Bismark St, Reno, NV 89506
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      Reno Land Subdivision Opportunity

      Land for sale with subdivision and zoning change potential.
      Reno NV 89506 Wigwam Way, Reno, NV 89506
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      Lemmon Valley Commercial Land Available

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      Land For Sale North Valleys

      Approximately 21.53 acres of land available in North Valleys.
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      Industrial Land in Reno's North Valleys

      2.257-acre industrial-zoned land for sale in Reno's North Valleys.
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    • New
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    Similar Nearby for Lease

    • $0.60 SF/Yr

      Land for Rent in Reno

      Land available for rent at 7800 N Virginia St, Reno, NV.
      7800 N Virginia St, Reno, NV 89506
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      Land For Rent Reno

      Land available for rent in Reno, Nevada.
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      Land for Rent in Reno

      Land available for rent in Reno, Nevada.
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      Echo Ave Industrial Property

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      Land For Rent Reno

      Land available for rent in Reno, Nevada.
      9911 N Virginia St, Reno, NV 89506
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      5,700 SF

      Retail Spaces with Drive-Thru Potential

      Retail spaces available in rapidly growing area with freeway visibility.
      Heindel Rd, Reno, NV 89506
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    View Listing
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    Reno, NV 89506
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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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