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Property profile & analytics
OFF-MARKET
Warehouses

245 Washington St Reno, NV 89503-5222

4,750 SF 0.11 ac lot Built 1959
Trust Owned 22-yr Hold Free & Clear
Property ID
US62-0349980
Property summary
AI-generated overview

This exceptional 4,750-square-foot industrial property, located at 235 & 245 Washington Street in Reno, Nevada, presents a unique investment opportunity. The single-tenant building, constructed in 1959, is classified as both flex and warehouse space, offering versatile usage potential. The property boasts two convenient grade-level drive-in doors, facilitating efficient loading and unloading. Situated on a 0.109-acre lot, the building also includes a sizable fenced yard, providing ample outdoor storage or maneuvering space. The zoning designation is MD-NWQ. The property's central downtown Reno location offers excellent accessibility and visibility. With a total building area of 4,750 square feet, and currently 4,750 square feet vacant, this property is ready for immediate occupancy. The Assessor's Parcel Number (APN) is 011-015-01. This is an ideal space for businesses requiring both indoor and outdoor operational areas, benefiting from the combination of warehouse and flex space in a prime Reno location. The property's features and location make it a highly desirable asset for a variety of commercial uses.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,750 SF
Lot 0.11 ac (4,750 SF)
Zoning code MDNWQ
APN 011-015-01
UPID US62-0349980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Al's Towing LLC - Reno NV Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hawkins Family Trust · 22 yrs held
Hawkins Family Trust
since 2004
2 recorded transactions
2004
Price N/A
2002
Price N/A
Zoning & alternative use
MDNWQ · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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