2615 Mill St Reno, NV 89502
Property profile & analytics
2615 Mill St, Reno, NV 89502
- Warehouses
- 52,000 SF
- 1.97 lot acres
Property ID
US62-0410688
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Speedy Car Shipping Reno / Trucking Company
Property Details for 2615 Mill St
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.97 lot acres
- Zone code
- MU
- Property type
- Warehouses
- APN
- 012-220-21
- APU
- 1222021
Description
This exceptional 52,080-square-foot warehouse, located at 2615 Mill St in Reno, Nevada (zip code 89502, APN 012-220-21), presents a compelling investment opportunity. Currently 100% occupied, the property boasts a strong in-place income stream with significant potential for rental increases in the near future. Built in 1969 and situated within the MU zoning district, this industrial building features a 20-foot ceiling height, providing ample storage and operational space. The property has recently undergone substantial improvements, including complete repaving, new curbing, and fresh exterior paint, all completed in 2024. Furthermore, a contract is in place for a full roof replacement, ensuring long-term structural integrity. This prime location is adjacent to the planned GSR development, promising future growth and increased property value. The asking price is $7,900,000, translating to $151.69 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a rapidly developing area of Reno. The property offers a solid return on investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,965,000
- 6.5%
- $5,505,000
- 7%
- $5,115,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,863,000
Market price range: $7.86M - $11.9M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $9,910,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.779
- Latitude
- 39.5186
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,318
$330,380
$250,792
$581,172
-
$943,943
$716,549
$1,660,492
