8790 Red Rock RdReno, NV 89506

  • Retail properties
  • 10,340 SF
For Lease

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
8790 Red Rock Rd, Reno, Nevada

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,732
$101,353
$940,387
$1,041,740
-
$289,580
$2,686,819
$2,976,399

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