8790 Red Rock RdReno, NV 89506

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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