9780 S Virginia St Reno, NV 89506
Property Lookup
Property profile & analytics
9780 S Virginia St Reno, NV 89506
- Turn key restaurants
- 4,159 SF
- 0.71 lot acres
Property ID
US62-0502942
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 9780 S Virginia St
- Year built
- 2012
- Construction
- STEEL FRAME
- Lot size
- 0.71 lot acres
- Property size
- 4,159 SF
- Zone code
- MS
- Property type
- Turn key restaurants
- APN
- 163-120-07
- APU
- 16312007
Description
This exceptional investment opportunity presents a fully leased, Class A, standalone restaurant building in Reno, Nevada. The property, located at 9780 S. Virginia St., boasts a newly signed 10-year net lease with 999 Pho, a popular Vietnamese restaurant, commencing September 1, 2024, and expiring August 31, 2034. The 4,922 square foot building, constructed in 2012 and extensively renovated in 2022, features a 4,159 square foot main floor with a remodeled kitchen and a 763 square foot mezzanine/office space. The property benefits from high visibility with significant frontage along S. Virginia Street, a prime location just half a block north of the I-580/S. Meadows Pkwy interchange. The 0.78-acre lot provides ample parking with 28 spaces. The property is zoned MS and offers a strong net operating income (NOI) of $174,000, representing a 6.00% cap rate on the $2,900,000 asking price. This is a single-tenant, 100% occupied investment with a price per square foot of $589.19. The building is a two-story structure with one building on the site. This is a rare opportunity to acquire a high-performing, well-located restaurant property with a long-term lease in place.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,335,000
- ML approach
- $2,420,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,351,000
Market price range: $1.35M - $2.46M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,700,000 Current use
- COMMERCIAL (GENERAL)
- $2,215,000 Change: +30% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,670,000 Change: -2% Conversion: Difficult
- MEDICAL BUILDING
- $1,525,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.771
- Latitude
- 39.4418
- 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
$22,075
$215,361
$428,264
$643,625
-
$615,318
$1,223,610
$1,838,928
