Property profile

8790 Red Rock Rd Reno, NV 89506

FOR LEASE
Strip malls
Property ID
US62-0315949
10,340 SF 2.05 ac lot Built 2006
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Red Rock Plaza, located at 8790 Red Rock Rd, Reno, NV 89506, presents a prime retail opportunity in Washoe County's underserved submarket. This single-story, 15,537 square foot strip center, built in 2007, sits on a 2.049-acre lot and boasts excellent visibility with exposure to approximately 8,250 vehicles daily. Currently, there is 3,296 square feet of vacant space available, divisible into units ranging from 874 to 1,322 contiguous square feet. The property benefits from a strong tenant mix including Pizza Factory, Red Rock Food Mart, Aloha Shack, Amba Martial Arts, and Light of the Valleys, ensuring a vibrant and established commercial environment. Its strategic location offers close proximity to a significant concentration of distribution, manufacturing, and warehouse facilities, totaling 27.2 million square feet, and includes major companies such as Amazon, JC Penney, Marmot, Numark, Mary's Gone Crackers, UPS, and Sherwin Williams. Furthermore, the area experiences substantial residential growth, with over 10,000 residential units approved or under construction, and over 17,000 pending in the North Valleys submarket, guaranteeing a large and expanding customer base. This presents a unique opportunity to establish or expand your business in a thriving and rapidly developing community. Cross streets include Moya Boulevard.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,340 SF
Lot 2.05 ac (89,254 SF)
Zoning code NC
APN 090-371-10
UPID US62-0315949

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
  • Restaurant
  • Church
  • Grocery & Convenience Store
  • Atm
  • Auto Repair Shop

Location

8790 Red Rock Rd Reno, NV 89506
Reno metro Census 2610 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$790k
Blend (final) Blend
$1.16M

Owner & transaction history

since 2012
6 recorded transactions
2012
$620,000
2011
$2.1M
2008
Price N/A
2006
Price N/A
2004
$304,500
1998
$250,000

Zoning & alternative use

NC · Reno, NV
Zoning description

The NC district is intended to promote a mix of pedestrian-oriented commercial, retail, services, and housing options. Additional standards are included to ensure that the site design, uses, and scale are consistent with…

General category COMMERCIAL

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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