22 Hillcrest Dr
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22 Hillcrest Dr
8,197 SF 100% Leased Retail Building Reno, NV 89509 £1,972,500 (£241/SF) 6.88% Net Initial Yield
Executive Summary
Proudly presenting a stabilized commercial real estate opportunity situated in the heart of Reno’s bustling business district. This property features three stand-alone buildings, collectively housing 10 premium tenants specializing in beauty and wellness.
Each building has been meticulously updated to meet the highest standards of modern commercial use. Recent renovations include brand new siding on all structures, new roofing, and a freshly paved asphalt parking lot, ensuring low maintenance and high durability. The interiors of each unit have been beautifully renovated, offering stylish, contemporary spaces that are turnkey ready for business operations.
Strategically located directly across from the Reno Experience District, this property benefits from high foot traffic and visibility.
The RED is a vibrant, new development featuring high-density luxury apartments and a variety of experiential venues, significantly boosting the area’s appeal and consumer presence. Additionally, the property is situated across from Tokyo Sushi, one of the busiest strip malls in Reno, further enhancing its desirability for business tenants due to the excellent locale.
This is a rare chance to own a prime piece of commercial real estate in a sought-after area of Reno, perfect for investors looking for stable cash flow and strong potential for asset appreciation. Don’t miss out on this exceptional investment opportunity.
Each building has been meticulously updated to meet the highest standards of modern commercial use. Recent renovations include brand new siding on all structures, new roofing, and a freshly paved asphalt parking lot, ensuring low maintenance and high durability. The interiors of each unit have been beautifully renovated, offering stylish, contemporary spaces that are turnkey ready for business operations.
Strategically located directly across from the Reno Experience District, this property benefits from high foot traffic and visibility.
The RED is a vibrant, new development featuring high-density luxury apartments and a variety of experiential venues, significantly boosting the area’s appeal and consumer presence. Additionally, the property is situated across from Tokyo Sushi, one of the busiest strip malls in Reno, further enhancing its desirability for business tenants due to the excellent locale.
This is a rare chance to own a prime piece of commercial real estate in a sought-after area of Reno, perfect for investors looking for stable cash flow and strong potential for asset appreciation. Don’t miss out on this exceptional investment opportunity.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
8,197 SF
Building Class
C
Year Built/Renovated
1960/2024
Price
£1,972,500
Price Per SF
£241
Net Initial Yield
6.88%
NOI
£135,753
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.81
Land Acres
0.23 AC
Opportunity Zone
Yes
Zoning
MU - Mixed-Use Urban
Parking
12 Spaces
Frontage
36 ft on Hillcrest Drive
Amenities
- 24 Hour Access
- Courtyard
- Air Conditioning
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Total Assessment | £124,796 | |
Land Assessment | £53,567 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £71,229 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£53,567
Improvements Assessment
£71,229
Total Assessment
£124,796
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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22 Hillcrest Dr
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