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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.

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
Retail
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
IHOP
Save Mart
the Human Bean
Sprouts Farmers Market
Smart & Final
Order Express, Inc.
CrossFit
Marketon
Black Bear Diner

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 019-052-17
  • 019-052-18
Land Assessment
£53,567
Improvements Assessment
£71,229
Total Assessment
£124,796
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 31878417

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 22 Hillcrest Dr, Reno, NV 89509

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