Financial
Distress signals
Property profile

6625 S Virginia St Reno, NV 89511

FOR LEASE
Outlet malls
Property ID
US62-0392154
24,256 SF 10.64 ac lot Built 2005
Last sale Jun 2018 · $28,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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6625 S Virginia St, Reno, NV 89511 For Lease
$1,065/Mo 2,423 SF available
6625 S Virginia St, Reno, NV 89511
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$212k
Tax billed · 2023
Assessed value$6.15M
Assessed land$2.27M
Assessed improvement$3.88M
Effective rate3.44%

Value estimate

· Sep 2026
$5.06M
$4.55M – $5.56M
CAP approach$4.72M
Submarket $/SF estimate$3.16M
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$4k
Operating expenses−$13k
NOI · 2,878.97% cap applied$31k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$257/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$140 – $475

Cap rate analysis

How does the asset earn?
2,878.97%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MS
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, reta...
General categoryMIXED_USE
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.9
Laundry Service9.6
Dry Cleaner9.1

Location

6625 S Virginia St Reno, NV 89511
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
80 Patriot, Reno, NV 89511-1442 $4,165,440 Nov 2023 17,753 SF
9400 Virginia, Reno, NV 89511-8955 $850,000 May 2023 13,440 SF
12645 Virginia, Reno, NV 89511-4803 $6,800,000 Apr 2023 14,476 SF
11355 Virginia, Reno, NV 89511-8920 $3,900,000 Dec 2021 9,600 SF
8095 Virginia, Reno, NV 89511-8940 $1,750,000 Mar 2020 19,740 SF
6407 Virginia, Reno, NV 89511-1104 $4,475,000 May 2019 31,301 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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