Property profile

698 Frst St Reno, NV 89509

OFF-MARKET
Individual retail properties
Property ID
US62-0365675
9,923 SF 0.35 ac lot Built 1948
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional two-story storefront, located at 698 Forest St in Reno, Nevada, presents a compelling investment opportunity. Boasting 13,600 square feet on a 0.346-acre lot (APN 011-225-03), this stand-alone building commands excellent visibility on Forest Street and Saint Lawrence Avenue. Situated in Reno's desirable Midtown District, the property benefits from a high daily traffic count of 20,220 vehicles on nearby South Virginia Street, a major thoroughfare. The building is zoned MU-MC and offers eight dedicated parking spaces, supplemented by readily available street parking. The asking price is $3,740,000, translating to $275 per square foot. This prime retail location provides significant potential for a variety of commercial uses, capitalizing on the area's strong foot and vehicle traffic. The property's size and prominent location make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving Reno neighborhood. The building's stand-alone nature and dedicated parking further enhance its appeal.

Property profile

Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,923 SF
Lot 0.35 ac (15,072 SF)
Zoning code MUMC
APN 011-225-03
UPID US62-0365675

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Building Supply

Location

698 Frst St Reno, NV 89509-1701
Reno metro Census 302 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.49M

Owner & transaction history

since 2022
Last sale
$1.5M
2 recorded transactions
2022
$1.5M
2022
Price N/A

Zoning & alternative use

MUMC · Reno, NV

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 698 Frst St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message