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    Property profile & analytics

    701 Keystone Ave Reno, NV 89503-4103

    • Grocery and convenience stores
    • 43,096 SF
    • 3.44 lot acres
    OFF-MARKET
    Value Estimation
    $1,085,000
    Location Intelligence
    Property ID
    US62-0463365
    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

    • Raley's / Grocery Store
    • Coinstar Kiosk | Bitcoin ATM / Currency Exchange Service / Kiosk

    Property Details for 701 Keystone Ave

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.44 lot acres
    Property size
    43,096 SF
    Zone code
    NC
    Property type
    Grocery and convenience stores
    APN
    006-111-34
    APU
    611134

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,125,000
      6.5%
      $1,320,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,225,000
      Geo Method
      $1,265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,150,000
      Retail
      $985,000
      Mixed-Use
      $975,000
      Hospitality
      $1,095,000
      Educational
      $1,310,000
      Residential Income
      $1,230,000
      Energy
      $1,120,000
      Income-Based Land
      $1,010,000
      Food Service
      $1,140,000

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.832
    Latitude
    39.5314
    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
    $37,518
    $576,072
    $566,350
    $1,142,422
    -
    $1,645,919
    $1,618,142
    $3,264,061

    Comparable in this City

    • Value Estimation
      $455,000
      3,352 SF

      901 Virginia St

      GROCERY, SUPERMARKET • 3,352 SF
      901 Virginia St, Reno, NV 89503-3729
      View Details
    • Value Estimation
      $490,000
      1,764 SF

      700 Keystone Ave

      CONVENIENCE STORE • 1,764 SF
      700 Keystone Ave, Reno, NV 89503-4147
      View Details
    • Value Estimation
      $355,000
      2,400 SF

      975 2nd St

      GROCERY, SUPERMARKET • 2,400 SF
      975 2nd St, Reno, NV 89503-5113
      View Details
    • Value Estimation by Request
      5,571 SF

      1010 4th St

      GROCERY, SUPERMARKET • 5,571 SF
      1010 4th St, Reno, NV 89503-5103
      View Details
    • Value Estimation
      $315,000
      2,560 SF

      1665 Virginia St

      GROCERY, SUPERMARKET • 2,560 SF
      1665 Virginia St, Reno, NV 89503-1739
      View Details
    • Value Estimation
      $5,705,000
      50,398 SF

      10500 Mccarran Blvd

      GROCERY, SUPERMARKET • 50,398 SF
      10500 Mccarran Blvd, Reno, NV 89503-1873
      View Details

    Similar Nearby for Sale

    • $810,000
      2,785 SF

      Keystone Avenue Retail and Office

      Retail and office buildings near Truckee River and Idlewild Park.
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      Downtown Reno Automotive/Redevelopment Opportunity

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      Redevelopment site near the University of Nevada campus.
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Available For Rent

      Retail space available for rent, totaling 1,800 square feet.
      1385-1395 N Virginia St, Reno, NV 89503
      View Details
    • $18 SF/Yr
      1,440 SF

      Retail Space in Reno, Nevada

      Retail space available for rent in Reno, Nevada.
      3605 Kings Row, Reno, NV 89503
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with Drive-Thru Sites

      Retail spaces with high visibility and drive-thru options available.
      885 W 5Th St, Reno, NV 89503
      View Details
    • Contact for pricing
      60,000 SF

      Downtown Reno Retail Space

      Prime Retail, 1,855 SF Available
      245 Arlington Ave, Reno, NV 89503
      View Details
    • Contact for pricing
      72,104 SF

      Reno Medical Office Building

      Prime Medical Office Space - Reno, NV
      343 Elm St, Reno, NV 89503
      View Details
    • $1,595 /Mo
      543 SF

      Downtown Reno Condo with Utilities

      One bedroom condo in downtown Reno with included utilities.
      450 N Arlington Ave, Reno, NV 89503
      View Details
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    701 Keystone Ave
    Reno, NV 89503-4103
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    Realmo Value Estimation

    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.

    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.

    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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