Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7460 Virginia St Reno, NV 89511-1112

    • Investment properties
    • 939 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2025
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0380357
    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

    • Sierra Feed & Saddlery / Pet Store & Service

    Property Details for 7460 Virginia St

    Year built
    1971
    Construction
    FRAME
    Lot size
    1.08 lot acres
    Property size
    939 SF
    Zone code
    MS
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    025-340-20
    APU
    2534020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.78
    Latitude
    39.459
    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
    $10,753
    $248,396
    $63,786
    $312,182
    -
    $709,704
    $182,245
    $891,949

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      Smt Sierra Blvd

      STORE/OFFICE (MIXED USE) • 0.46 Acres
      Smt Sierra Blvd, Reno, NV 89511
      View Details
    • Value Estimation by Request
      1.66 Acres

      Mt Rose Hwy

      STORE/OFFICE (MIXED USE) • 1.66 Acres
      Mt Rose Hwy, Reno, NV 89511
      View Details
    • Value Estimation
      $2,865,000
      18,495 SF

      2525 Crossbow Ct

      STORE/OFFICE (MIXED USE) • 18,495 SF
      2525 Crossbow Ct, Reno, NV 89511
      View Details
    • Value Estimation
      $930,000
      4,264 SF

      1700 Mt Rose Hwy

      STORE/OFFICE (MIXED USE) • 4,264 SF
      1700 Mt Rose Hwy, Reno, NV 89511
      View Details
    • Value Estimation by Request
      1,856 SF

      7595 Colbert Dr

      STORE/OFFICE (MIXED USE) • 1,856 SF
      7595 Colbert Dr, Reno, NV 89511-1206
      View Details
    • Value Estimation
      $4,125,000
      2.55 Acres

      Longley Ln

      STORE/OFFICE (MIXED USE) • 2.55 Acres
      Longley Ln, 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
      View Details
    • $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

    • $42 SF/Yr
      15,000 SF

      Reno Corporate Office Suites

      Class B office space, South Reno.
      5476 Reno Corporate Dr, Reno, NV 89511
      View Details
    • Contact for pricing
      3,254 SF

      Meadowood Square Retail Space

      High-traffic Reno storefront, 3,254 sq ft.
      6407 Virginia St, Reno, NV 89511
      View Details
    • $48 SF/Yr
      56,589 SF

      Mountain View Corporate Center Office Space

      Class A Reno office, 2,890 SF available.
      5470 Kietzke Ln, Reno, NV 89511
      View Details
    • Contact for pricing
      1,769 SF

      Retail Space Available For Lease

      Retail space available for lease in Reno, Nevada.
      55 Foothill Rd, Reno, NV 89511
      View Details
    • Contact for pricing
      113,387 SF

      Reno Warehouse Space Available

      113387 sqft warehouse space for lease in Reno.
      3000 Airway Dr, Reno, NV 89511
      View Details
    • Contact for pricing
      5,157 SF

      Sierra Rose Professional Office Space

      Professional office space in South Reno, ideal for medical use.
      601 Sierra Rose Dr, Reno, NV 89511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7460 Virginia St
    Reno, NV 89511-1112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.