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    Property profile & analytics
    OFF-MARKET Estimated value $1,490,000
    Strip malls

    7520 Longley Ln, Reno, NV 89511-1211

    7,968 SF 0.76 ac lot Built 2007
    Trust Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US62-0366507
    Property summary
    AI-generated overview

    This two-story, 7,698 square foot retail strip center in Reno, Nevada's South Meadows submarket, presents a compelling investment opportunity. Built in 2007, the property is situated at 7520 Longley Lane, near the intersection of Longley Lane and South Virginia Street, offering convenient access to Interstate 395. The center features a mix of uses, as indicated by its Mixed-Use Suburban zoning. Currently, 3,491 square feet of retail space is available, previously occupied by a martial arts studio. This space boasts an open floor plan on the first floor, including two bathrooms and storage, and a mezzanine level offering an additional 1,441 square feet. The property's location provides excellent visibility and proximity to various restaurants and fast-food establishments, ensuring high foot traffic and potential for strong tenant occupancy. The Washoe County property (APN 164-110-04) offers a unique chance to acquire a well-located retail space in a thriving Reno neighborhood. The building's total area is 7,698 square feet, spread across two stories. This presents a versatile space suitable for a variety of retail businesses. The property's strategic location near major roadways and amenities makes it an attractive option for both investors and potential tenants.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2007
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 7,968 SF
    Lot 0.76 ac (33,255 SF)
    Zoning code MS
    APN 164-110-04
    UPID US62-0366507
    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
    Current use
    Occupant on record · Public records
    • Advanced Denture and Implant Solutions Dental Office
    • Sage Dental Care Dental Office
    • Ahyoung Young Kim Dental Office
    • Adam & Eve Stores (Bike/Boat/Book/etc) Store Clothing & Fashion Store
    • Dr. Joshua Branco Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.78M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.49M
    Owner & transaction history
    Lakamp Family Trust · 6 yrs held
    Lakamp Family Trust
    since 2019
    7 recorded transactions
    2020
    2019
    $4.2M
    2007
    $490,000
    2005
    $490,000
    2004
    2003
    $282,690
    2000
    Zoning & alternative use
    MS · Reno, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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