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    2615 Mill St Reno, NV 89502

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    For Sale
    $7,900,000

    Two-tenant industrial property with future rental upside in Reno.

    Property size:
    52,080 SF
    Lot size:
    3.97 Acres

    Property Features for 2615 Mill St

    General Information

    Size
    52,080 SF
    Lot size
    3.97 Acres

    Source: Logic Commercial Real Estate | Reno Agent Landon Gonzalez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Industrial Investment Property

    The property at 2615 Mill St. is a fully leased, two-tenant industrial investment. It is located in a rapidly re-developing submarket in a central location next to a major redevelopment project. The property has undergone recent renovations including new paving, curbing, site work, new exterior paint, and new office tenant improvements in one of the two suites. The seller plans to replace the roof. The property size is 52080 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Speedy Car Shipping ... Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Telegraph RV & Boat Storage, Telegraph Storage, Vassar Self Storage, Sound Advice, Reno Automotive

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.778731
    Latitude
    39.5186243

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    FAQs

    What type of property is this?
    Warehouse - Two-tenant industrial property with future rental upside in Reno.
    Where is this warehouse located?
    The property is located at 2615 Mill St Reno, NV.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: - Fully leased, two-tenant industrial investment.; - Future upside in rents.; - Central location next to GSR’s major redevelopment project.
    (775) 741-6397
    Request Owner's contact information
    2615 Mill St Reno, NV 89502
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    Reno, NV 89502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2615 Mill St Reno, NV 89502
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