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Property profile & analytics
OFF-MARKET
Commercial real estate

6870 Virginia St Reno, NV 89511

0.97 ac lot
Property ID
US62-0521795
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.97 ac (42,253 SF)
APN 025-320-04
UPID US62-0521795
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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