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    FOR LEASE
    Strip malls

    8790 Red Rock Rd, Reno, NV 89506

    10,340 SF 2.05 ac lot Built 2006
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US62-0315949
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pizza Factory Restaurant
    • Light of the Valleys Lutheran Church Church
    • Red Rock Food Mart Grocery & Convenience Store
    • ATM Atm
    • Kustom Finishes Auto Repair Shop
    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
    El Camino Nevada LLC · 13 yrs held
    El Camino Nevada LLC
    since 2012
    6 recorded transactions
    2012
    $620,000
    2011
    $2.1M
    2008
    2006
    2004
    $304,500
    1998
    $250,000
    Zoning & alternative use
    NC · Reno, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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