9780 S Virginia St, Reno, NV 89511
- Turn key restaurants
- 4,159 SF
- 0.71 lot acres
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
- Zone code
- MS
- Property type
- Turn key restaurants
- APN
- 163-120-07
- APU
- 16312007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 25, 2025 | — | Smith Trust | Smith Family Trust | Deed · related | — |
| Apr 17, 2025 | $2,700,000 | Rick B Smith | 9780 S Va Re LLC | Bargain & Sale Deed | — |
| Dec 27, 2022 | — | 9780 S Va Re LLC | — | Deed · related | $1M · Nevada State Development Corporation |
| Apr 15, 2022 | $2,400,000 | 9780 S Va Re LLC | New York Pizza INC | Bargain And Sale Deed | $1.5M · Western Alliance Bank |
| Sep 19, 2011 | $650,000 | New York Pizza INC | Winco Foods LLC | Grant Deed | — |
| Mar 31, 2004 | $8,703,070 | Winco Foods INC | — | Grant Deed · related | — |
| Jan 15, 2004 | $436,000 | Lavach J D | Foothill Commerce Center LLC | Grant Deed | $330k · Wells Fargo Bank Nevada |
| Mar 8, 2001 | $583,333 | Winco Foods INC | Hawkins-smith | Grant Deed | — |
| May 3, 2000 | — | Hawkins-smith | Hawkins,gary R | Quit Claim Deed · related | — |
| — | — | New York Pizza INC | — | Deed Of Trust · related | $800k · Bank Of America |
| — | — | New York Pizza INC | — | Deed Of Trust · related | $700k · Heritage Bank Nevada |
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
-
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
