5105 Sun Valley BlvdSun Valley, NV 89433

Property Details for 5105 Sun Valley Blvd

Year built

2005

Construction

WOOD

Lot size

0.75 AC

Property size (Sq ft)

1,600 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

085-820-08

APU

8582008

Description

This exceptional retail investment opportunity in Sun Valley, Nevada, presents a 6,600 square foot strip center comprised of two single-story buildings with three suites. Currently, 1,600 square feet of retail space is available for lease, offering significant potential for immediate income generation. The property is zoned for general commercial use and boasts a highly visible location on Sun Valley Boulevard, ensuring excellent exposure to potential customers. The convenient location is within two miles of McCarran Boulevard and Highway 395, providing easy access for both customers and employees. The property's address is 5105 Sun Valley Blvd, Sun Valley, NV 89433, and its Washoe County APN is 085-820-08. The existing building offers a solid foundation for a variety of retail businesses. The available space is ideal for a range of uses, capitalizing on the high traffic count and visibility of its prime location. This is a rare opportunity to acquire a well-situated retail property in a growing area. The property's two buildings offer a total of 6,600 square feet, with three suites in total. This presents a unique opportunity for both owner-occupancy and investment purposes. Don't miss this chance to secure a valuable asset in a thriving commercial market.

• CAP approach

  CAP return

  Valuation

  6%

  $353,480

  6.5%

  $326,290

  7%

  $302,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $923,288

  Geo Method

  $923,288

• Alternative Use

  Use

  Valuation

  Residential

  $275,237

  Hospitality

  $252,116

  Educational

  $209,758

  Medical

  $216,971

  Retail

  $326,290

Location Insight

City

Sun Valley

County

Washoe

State

Nevada

Latitude

39.5788

Longitude

-119.781

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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