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

    6830 Virginia St Reno, NV 89511

    • Investment properties
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2022
    $950,000
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0365348
    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

    • Investment properties

    Property Details for 6830 Virginia St

    Year built
    1989
    Lot size
    0.18 lot acres
    Zone code
    MS
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    025-310-22
    APU
    2531022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $925,000
      ML approach
      $970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.783
    Latitude
    39.4648
    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
    $2,002
    $44,884
    $10,326
    $55,210
    -
    $128,240
    $29,504
    $157,744

    Comparable in this City

    • Value Estimation
      $560,000
      1.00 Acres

      350 Holcomb Rnch Ln Ste, Unit 100

      STORE/OFFICE (MIXED USE) • 1.00 Acres
      350 Holcomb Rnch Ln Ste, Reno, NV 89511-9459
      View Details
    • Value Estimation
      $1,275,000
      6,400 SF

      11301 Virginia St

      STORE/OFFICE (MIXED USE) • 6,400 SF
      11301 Virginia St, Reno, NV 89511-8920
      View Details
    • Value Estimation by Request
      960 SF

      Huffaker Pl

      STORE/OFFICE (MIXED USE) • 960 SF
      Huffaker Pl, Reno, NV 89511
      View Details
    • Value Estimation
      $560,000
      2,417 SF

      11331 Virginia St

      STORE/OFFICE (MIXED USE) • 2,417 SF
      11331 Virginia St, Reno, NV 89511-9304
      View Details
    • Value Estimation by Request
      0.18 Acres

      Joy Lk Rd

      STORE/OFFICE (MIXED USE) • 0.18 Acres
      Joy Lk Rd, Reno, NV 89511
      View Details
    • Value Estimation by Request
      24.49 Acres

      Arrowcreek Pkwy

      STORE/OFFICE (MIXED USE) • 24.49 Acres
      Arrowcreek Pkwy, Reno, NV 89511
      View Details

    Similar Nearby for Sale

    • $6,115,824

      Reno Land: Build-to-Suit Opportunity

      2.34 Acres, Prime Reno Location
      5301 Kietzke Ln, Reno, NV 89511
      View Details
    • $350,000
      1.04 Acres

      Land in Gated Reno Community

      Land for sale in a private, gated Reno community.
      293 E Jeffrey Pine Rd, Reno, NV 89511
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    • $359,900
      1.31 Acres

      Land in Galena Forest Estates

      1.31-acre parcel bordering common area, ideal for mountain retreat.
      1385 Austrian Pine Rd, Reno, NV 89511
      View Details
    • $375,000
      1.00 Acre

      Reno Acre Homesite in Village

      One-acre homesite in gated community with mountain views.
      205 Paddington Ct, Reno, NV 89511
      View Details
    • $749,000
      1.18 Acres

      Reno Land with Mountain Views

      1.18 acre lot in Arrowcreek gated community.
      5728 Indigo Run Dr, Reno, NV 89511
      View Details
    • New
      $515,000
      1.25 Acres

      Reno Land with Mountain Views

      1.25 acre homesite in Fieldcreek Ranch with unobstructed views.
      1235 Springer Ct, Reno, NV 89511
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      4,800 SF

      Reno Medical Office Space for Lease

      4,800 sq ft Medical Office in Reno, NV
      5270 Longley Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      1,177 SF

      Modern Industrial Flex Space Available

      Vacant industrial flex unit ready for immediate occupancy.
      5440 Louie Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      624,000 SF

      Reno Warehouse Space Available

      624,000 square foot warehouse space for rent in Reno.
      8000 N Virginia St, Reno, NV 89511
      View Details
    • Contact for pricing
      1,600 SF

      Visible Retail Space Near Freeway

      Retail space with high visibility and strong traffic counts.
      6625-6805 S Virginia St, Reno, NV 89511
      View Details
    • Contact for pricing
      2,200 SF

      Regional Retail Destination in Reno

      Retail space available in established Reno shopping center.
      13945 S Virginia St, Reno, NV 89511
      View Details
    • $2 SF/Yr
      2,018 SF

      Retail Space in South Reno

      2,018 SF retail space available in busy South Reno shopping center.
      45 Foothill Rd, Reno, NV 89511
      View Details
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    6830 Virginia St
    Reno, NV 89511
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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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