Multi-Tenant Industrial Investment Opportunity

2615-2697 Mill St, Reno, NV

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For Sale

Contact for pricing

Multi-tenant industrial portfolio with value-add features and recent renovations.

Type:INDUSTRIAL

Property size:

97,075 SF

Lot size:

2.01 Acres

Price / SF:

$177/SF

HighLights

Multi‑tenant industrial investment with value‑add features
Recent renovations including new roofs, roll‑up doors, dock packages, asphalt, concrete, curbing, exteriors, office improvements, and LED lighting
Front‑loading layouts feature a total of six docks and six grade doors
Below replacement cost to reconstruct
Diverse tenant mix
Updated exteriors

We can help!

Listing Contact

Landon Gonzalez

Learn more

For Sale

Contact for pricing

Multi-tenant industrial portfolio with value-add features and recent renovations.

Type:INDUSTRIAL

Property size:

97,075 SF

Lot size:

2.01 Acres

Price / SF:

$177/SF

Added:: Jul 25, 2025
Days on Market:: 321
Last Refresh:: May 20 at 8:42 pm

Property Features for 2615-2697 Mill St

General Information

Standard status: Active
Size: 97,075 SF
Lot size: 2.01 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Landon Gonzalez

Listing agent Landon Gonzalez

Listing office Logic Commercial Real Estate | Reno

Listing date Jul 25, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Logic Commercial Real Estate | Reno

HighLights

Multi‑tenant industrial investment with value‑add features
Recent renovations including new roofs, roll‑up doors, dock packages, asphalt, concrete, curbing, exteriors, office improvements, and LED lighting
Front‑loading layouts feature a total of six docks and six grade doors
Below replacement cost to reconstruct
Diverse tenant mix
Updated exteriors

Overview

The Mill St. Industrial Portfolio is a multi-tenant industrial investment opportunity. The buildings feature front-loading layouts and include a total combined six docks and six grade doors across both buildings. Recent renovations have included multiple areas, such as new roofs, new roll-up doors, new dock packages, new asphalt, new concrete, new curbing, updated exteriors, new office improvements, and new LED lighting in warehouses. The property offers a diverse tenant mix. The property size is 97075 square feet.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$2.16M	$22.20
− Vacancy	−$226.3k	−$2.33
EGI	$1.93M	$19.87
− OpEx	−$675.1k	−$6.95
NOI	$1.25M	$12.91

97,075 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$17.91M

$15.67M – $20.90M (±1% cap)

NOI $1,253,709 @ 7.0% cap · market cap 7.29%

Second Best

Warehouse

$9.55M

$8.35M – $11.14M (±1% cap)

NOI $668,243 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$29.92M

$26.18M – $34.90M (±1% cap)

NOI $2,094,211 @ 7.0% cap · market cap 12.18%

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

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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Reno Automotive — Greg St, Reno, NV 89502, United States

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.779
Latitude: 39.5186

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For sale
Warehouses
NV
Reno
2615-2697 Mill St

What type of property is this?

Warehouse - Multi-tenant industrial portfolio with value-add features and recent renovations.

Where is this warehouse located?

The property is located at 2615-2697 Mill St Reno, NV.

What is the asking price?

The asking price for this property is $17,200,000.

What are key features of this property?

This property features: Multi‑tenant industrial investment with value‑add features; Recent renovations including new roofs, roll‑up doors, dock packages, asphalt, concrete, curbing, exteriors, office improvements, and LED lighting; Front‑loading layouts feature a total of six docks and six grade doors

2615-2697 Mill St, Reno, NV

Multi-tenant industrial portfolio with value-add features and recent renovations.

Property Features for 2615-2697 Mill St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Reno Multifamily Property by Private Lake

Two-Unit Duplex with Courtyard

Reno Multifamily Investment Opportunity

Renovated Triplex Near UNR

Midtown Reno Development Opportunity

Midtown Reno Duplex Opportunity

Updated Six-Unit Multifamily Property

Reno Fourplex Investment Opportunity

Reno Multifamily Investment Opportunity

Versatile Commercial Building in Reno

High-Visibility Reno Retail Facility

Charming Multifamily Property in Reno

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