$1,200,000
Active
3720 N Virginia Street
Reno, NV 89506
STR Status Unknown
About This Property
Ideally situated a few minutes North of Downtown Reno, I-80/I-580 and the University of Nevada. This location is well positioned for a variety of development possibilities making it a strategic site for both Residential and Commercial uses. The 5.11 Acres is 3 connected parcels. They are being sold as one unit. One parcel is zoned Industrial and the remaining two are zoned Mixed-use Suburban. Parcel numbers are 00306108, 00306108, 00306117. This is a rare opportunity in the highly sought after Reno market!
Listed by John Oliver — Coldwell Banker Select Reno
Listing Details
Status
Active
MLS #
250002930
Days on Market
452
Property History
Mar 10, 2025
Listed for sale
$1,200,000
Property Overview
Lot Size
5.11 acres
Property Type
Land
APN
003-061-08
Exterior & Lot
View
City, Mountain(s), Valley
Financial
Annual Tax
$4,381
Schools
Elementary School
Peavine
Middle School
Clayton
High School
McQueen
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($240,000)
Home price
$1,200,000
Loan details
30-yr fixed, 6.5%
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