8790 Red Rock RdReno, NV 89506
- Retail properties
- 10,340 SF
Property Details for 8790 Red Rock Rd
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.05 AC
- Property size (Sq ft)
- 10,340 SF
- Zone code
- NC
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 090-371-10
- APU
- 9037110
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,033,241
- 6.5%
- $2,799,915
- 7%
- $2,599,921
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,966,746
- Geo Method
- $5,966,746
-
Alternative Use
- Use
- Valuation
- Residential
- $2,361,833
- Hospitality
- $2,163,426
- Educational
- $1,799,945
- Medical
- $1,861,848
- Retail
- $2,799,915
Location Insight
- City
- Reno
- County
- Washoe
- State
- Nevada
- Latitude
- 39.6314
- Longitude
- -119.916
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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