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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6148 Mae Anne Ave Reno, NV 89523-4722

    • Strip malls
    • 6,800 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2023
    $1,650,000
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    6.5%
    Strip malls
    Location Intelligence
    Property ID
    US62-0249891
    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

    • Sierra Nevada Periodontics and Implant Dentistry / Dental Implants Periodontist

    Property Details for 6148 Mae Anne Ave

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    6,800 SF
    Zone code
    NC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    200-590-22
    APU
    20059022

    Description

    This single-tenant property at 6148 Mae Anne Ave, Reno, NV 89523, offers 2,228 square feet of vacant space within a larger 6,800 square foot building. Built in 2005 and recently renovated in 2024, the property is zoned commercial and sits on a 0.17-acre lot (APN 200-590-22, Washoe County). The building is a single-story structure, ideal for a variety of uses. Its flexible design makes it suitable for coworking spaces, medical offices, or creative office environments, as well as retail businesses. The property's location in Reno provides excellent access to transportation and amenities. This is a rare opportunity to acquire a well-maintained, recently renovated space in a desirable location. The property's versatility and modern updates make it an attractive option for businesses seeking a functional and adaptable workspace. The single-tenant occupancy offers simplicity and control. Serious inquiries are encouraged to explore the possibilities this property presents.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,510,000
      ML approach
      $1,625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,520,000
      7%
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,059,000
      Market price range: $1.52M - $4.13M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,375,000
      AUTO REPAIR, GARAGE
      $2,290,000
      APARTMENT HOUSE (5+ UNITS)
      $2,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.883
    Latitude
    39.5278
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,952
    $125,983
    $178,851
    $304,834
    -
    $359,950
    $511,002
    $870,952

    Comparable in this City

    • Value Estimation
      $1,620,000
      6,200 SF

      6380 Mae Anne Ave

      SHOPPING CENTER, STRIP CENTER • 6,200 SF
      6380 Mae Anne Ave, Reno, NV 89523-4737
      View Details
    • Value Estimation
      $1,210,000
      5,650 SF

      6310 Mae Anne Ave

      SHOPPING CENTER, STRIP CENTER • 5,650 SF
      6310 Mae Anne Ave, Reno, NV 89523-4735
      View Details
    • Value Estimation
      $295,000
      4,875 SF

      1620 Robb Dr

      SHOPPING CENTER, STRIP CENTER • 4,875 SF
      1620 Robb Dr, Reno, NV 89523-3740
      View Details
    • Value Estimation
      $515,000
      11,016 SF

      6295 Sharlands Ave

      SHOPPING CENTER, STRIP CENTER • 11,016 SF
      6295 Sharlands Ave, Reno, NV 89523-3737
      View Details
    • Value Estimation
      $360,000
      6,797 SF

      5020 Las Brisas Blvd

      SHOPPING CENTER, STRIP CENTER • 6,797 SF
      5020 Las Brisas Blvd, Reno, NV 89523-6238
      View Details
    • Value Estimation
      $3,300,000
      5,892 SF

      960 Ambassador Dr

      SHOPPING CENTER, STRIP CENTER • 5,892 SF
      960 Ambassador Dr, Reno, NV 89523-2904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Professional Office Building in Reno

      Freestanding office building with recent improvements and flexible layout.
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      Ideally located townhouse with upgrades and spacious layout.
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    Similar Nearby for Lease

    • Contact for pricing
      1,104 SF

      Retail Space in Ridgeview Plaza

      Retail space available in Northwest Reno's Ridgeview Plaza.
      5100 Mae Anne Ave, Reno, NV 89523
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Reno Center

      Neighborhood shopping center anchored by Raley's grocery store.
      1620-1650 Robb Dr, Reno, NV 89523
      View Details
    • Contact for pricing
      273,960 SF

      Ridgeview Plaza Retail Center

      Reno, NV Community Shopping Center
      5110 Mae Anne Ave, Reno, NV 89523
      View Details
    • Contact for pricing
      104,319 SF

      Reno Retail Center Investment Opportunity

      Grocery-anchored center, prime Reno location.
      0 Mae Anne Ave. & Robb Dr, Reno, NV 89523
      View Details
    • $277,200
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      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $27 SF/Yr
      1,200 SF

      Reno Retail Space for Lease

      1,200 sq ft Retail Space in Prime Location
      5110 Mae Anne Ave, Reno, NV 89523
      View Details
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    6148 Mae Anne Ave
    Reno, NV 89523-4722
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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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