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

    7920 Virginia St Reno, NV 89506-8731

    • Warehouses
    • 7,000 SF
    • 2.28 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2021
    $1,300,000
    Value Estimations
    $1,290,000
    Show details
    Cap Rate Potential
    5.2%
    Warehouses
    Location Intelligence
    Property ID
    US62-0380375
    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

    • StorWise Self Storage - Reno / Self-Storage Facility / Automobile Storage Facility

    Property Details for 7920 Virginia St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.28 lot acres
    Property size
    7,000 SF
    Zone code
    MS
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    570-081-02
    APU
    57008102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,400,000
      ML approach
      $1,520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,130,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,207,000
      Market price range: $593k - $1.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $935,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,310,000
      Change: +147% Conversion: Difficult
      OFFICE BUILDING
      $1,855,000
      Change: +98% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.846
    Latitude
    39.6014
    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
    $7,840
    $93,854
    $182,201
    $276,055
    -
    $268,153
    $520,574
    $788,727

    Comparable in this City

    • Value Estimation
      $265,000
      8,000 SF

      130 Doubleback Rd

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      130 Doubleback Rd, Reno, NV 89506
      View Details
    • Value Estimation
      $360,000
      4,080 SF

      4800 Carson Ln

      MINI-WAREHOUSE, STORAGE • 4,080 SF
      4800 Carson Ln, Reno, NV 89506
      View Details
    • Value Estimation
      $670,000
      4,000 SF

      777 Panther Dr

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      777 Panther Dr, Reno, NV 89506-7687
      View Details
    • Value Estimation
      $755,000
      11,250 SF

      7755 Virginia St

      MINI-WAREHOUSE, STORAGE • 11,250 SF
      7755 Virginia St, Reno, NV 89506-7714
      View Details
    • Value Estimation
      $335,000
      6,930 SF

      4893 Virginia St

      MINI-WAREHOUSE, STORAGE • 6,930 SF
      4893 Virginia St, Reno, NV 89506
      View Details
    • Value Estimation
      $740,000
      9,570 SF

      9860 Virginia St

      MINI-WAREHOUSE, STORAGE • 9,570 SF
      9860 Virginia St, Reno, NV 89506-9102
      View Details

    Similar Nearby for Sale

    • $13,000,000
      43,062 SF

      Reno Industrial Complex: $13M

      ±43,062 SF Warehouse/Manufacturing
      14331 Lear Blvd, Reno, NV 89506
      View Details
    • $1,963,500

      Reno-Stead Airport Leasehold Investment

      Leasehold investment opportunity at Reno-Stead Airport with existing tenant.
      4895 Texas Ave, Reno, NV 89506
      View Details
    • $16,500,000
      144,219 SF

      Reno Industrial Warehouse For Sale

      144,219 SF Warehouse, Reno, NV
      14291 Lear Blvd, Reno, NV 89506
      View Details
    • $122,900
      630 SF

      Storage Condo For Sale

      Commercial condo perfect for personal use or investment.
      25 Panther Dr, Reno, NV 89506
      View Details
    • $147,900
      600 SF

      Storage Condo For Sale, Reno

      15x40 storage condo for boats, RVs, and vehicles.
      25 Panther Dr, Reno, NV 89506
      View Details
    • $103,900
      560 SF

      Storage Condo For Sale

      Commercial condo perfect for personal use or investment.
      25 Panther Dr, Reno, NV 89506
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      142,500 SF

      Reno Warehouse Space Available

      142,500 SF warehouse space available in Reno, Nevada.
      14525 Industry Cir, Reno, NV 89506
      View Details
    • Contact for pricing
      284,233 SF

      Reno Warehouse Space For Lease

      Divisible warehouse space with dock-high and grade-level doors.
      14003 Mount Anderson St, Reno, NV 89506
      View Details
    • Contact for pricing
      144,219 SF

      Reno Warehouse Space Available

      Available warehouse space in Reno, Nevada totaling 144,219 square feet.
      14291 Lear Blvd, Reno, NV 89506
      View Details
    • Contact for pricing
      56,550 SF

      Reno Warehouse Space Available

      56,550 SF warehouse space for lease in Reno.
      6645 Echo Ave, Reno, NV 89506
      View Details
    • Contact for pricing
      654,500 SF

      Available Warehouse Space in Reno

      654,500 SF warehouse space with ample parking.
      13005 Moya Blvd, Reno, NV 89506
      View Details
    • Contact for pricing
      37,860 SF

      Reno Warehouse Space Available

      37,860 square foot warehouse space for lease in Reno.
      880 N Hills Blvd, Reno, NV 89506
      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.
    7920 Virginia St
    Reno, NV 89506-8731
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.