6870 Virginia St Reno, NV 89511
This 0.97-acre commercial land parcel in Reno, Nevada, presents a prime development opportunity. Located at 6870 S Virginia St., the property boasts approximately 280 feet of frontage on a major thoroughfare with over 20,000 cars passing daily, according to 2023 NDOT traffic reports. Its strategic location within one mile of Interstate 580 and numerous national-tenant anchored shopping centers in the Meadowood Submarket makes it highly desirable. The property includes an existing 1,376 square foot residential building with a 1,376 square foot basement and a separate storage garage. Utilities currently in place include an underground storage tank and septic tank serving the existing residential structure. The property is zoned MU and has an APN of 025-320-04. This exceptional location and existing infrastructure offer significant potential for various commercial developments. The asking price is $2,070,397.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.