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Property profile & analytics
OFF-MARKET Estimated value $3,525,000
Outlet malls

6407 Virginia St Reno, NV 89511-1104

31,301 SF 2.71 ac lot Built 1989
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US62-0065746
Property summary
AI-generated overview

This exceptional retail storefront opportunity is located at one of Reno's busiest intersections, offering unparalleled visibility and access. Situated within the thriving Meadowood Mall sub-market, this space is part of The Crossing at Meadowood Square, a center experiencing significant upgrades, including a complete facade renovation. Currently, 3,254 square feet are available, but the anchor space is expandable and sub-dividable from approximately 3,000 to 11,700 square feet, providing flexibility for various business needs. The property benefits from its proximity to major retailers such as JaDa Loft Woman's Boutique, In Italia Men's Wear, and the soon-to-open Panera Bread Drive-Thru (2023). Its strategic location at the signalized intersection of Neil Road and South Virginia Street ensures excellent signage opportunities and high visibility. The location boasts exceptional accessibility, being less than 10 seconds from the Highway 580/395 Neil Road off-ramp, maximizing exposure to the high volume of traffic. With an impressive 46,500 average daily traffic count (ADT) on the surface streets and 116,000 ADT on Highway 580/395, this location offers a rare chance to establish a business in a high-demand area near Northern Nevada's only Class A Simon Mall. This is an ideal opportunity for businesses seeking high visibility and strong foot traffic in a rapidly growing Reno retail hub.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,301 SF
Lot 2.71 ac (118,222 SF)
Zoning code MS
APN 040-162-52
UPID US62-0065746
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
  • Trek Bicycle Reno (Bike/Boat/Book/etc) Store
  • Ski Pro (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.53M
Owner & transaction history
Crossing LLC · 7 yrs held
Crossing LLC
since 2019
7 recorded transactions
2023
Price N/A
2021
Price N/A
2019
$4.5M
2017
Price N/A
2004
$4.1M
2004
Price N/A
1995
$2.2M
Zoning & alternative use
MS · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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