5110 Mae Anne AveReno, NV 89523

Property Details for 5110 Mae Anne Ave

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.92 AC

Property size (Sq ft)

22,304 SF

Zone code

GC

Property type

Retail properties

Property subtype

Outlet malls

APN

039-750-11

APU

3975011

Description

Ridgeview Plaza, a 273,960 square foot community shopping center in Northwest Reno, Nevada, offers a prime retail space of 2,832 square feet. Located at 5110 Mae Anne Ave, Reno, NV 89523, this single-story building boasts a prominent location near the intersection of McCarran Blvd and Mae Anne Ave, benefiting from high daily traffic counts of approximately 28,600 vehicles on McCarran Boulevard and 12,500 on Mae Anne Ave. The property sits on a 29-acre lot and was built in 1990. It's strategically positioned near the I-80 four-way interchange, providing excellent accessibility. The center is anchored by major retailers including Safeway, PetSmart, ULTA, Ross, and Kohl's, and is surrounded by a thriving mix of residential and commercial developments, schools, and the University of Nevada, Reno. Strong co-tenancy includes Verizon, Chipotle, Baskin Robbins, and many other popular businesses. The Northwest Reno submarket is experiencing significant growth, with 4,800 residential units approved or under construction, and an additional 429 pending approval. This presents a unique opportunity for businesses to capitalize on a densely populated and rapidly expanding area. The property's visibility and location within a successful shopping center make it an ideal investment for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,542,883

  6.5%

  $6,039,584

  7%

  $5,608,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,870,630

  Geo Method

  $12,870,630

• Alternative Use

  Use

  Valuation

  Residential

  $5,094,615

  Hospitality

  $4,666,640

  Educational

  $3,882,590

  Medical

  $4,016,118

  Retail

  $6,039,584

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.53

Longitude

-119.866

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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