Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2700 Ml St Reno, NV 89502-2241

    • Industrial properties
    • 15,680 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2024
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0447070
    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.

    Current Use by Public Records

    • Reno Sport and Spine/Sidener Physical Therapy / Medical Clinic
    • TelePacific Communications / Telecommunications Service / Data Center
    • My Haven Sensory Playground / Charitable Organization / Social Service Agency
    • Choice Health at Home / Home Health Care Service
    • Enconnex LLC / Computer Hardware Manufacturer

    Property Details for 2700 Ml St

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.38 lot acres
    Property size
    15,680 SF
    Zone code
    ME
    Property type
    Industrial properties
    APN
    013-313-17
    APU
    1331317

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,480,000
      6.5%
      $1,370,000
      7%
      $1,270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,064,000
      Market price range: $473k - $1.53M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.78
    Latitude
    39.5181
    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
    $21,865
    $254,024
    $415,124
    $669,148
    -
    $725,782
    $1,186,068
    $1,911,850

    Comparable in this City

    • Value Estimation
      $1,410,000
      18,078 SF

      1373 Capital Blvd

      INDUSTRIAL (GENERAL) • 18,078 SF
      1373 Capital Blvd, Reno, NV 89502-7140
      View Details
    • Value Estimation by Request
      44,995 SF

      2675-2697 Mill St

      Distribution properties • 44,995 SF
      2675-2697 Mill St, Reno, NV 89502
      View Details
    • Value Estimation by Request
      5,525 SF

      4865 Joule St Ste C8

      INDUSTRIAL (GENERAL) • 5,525 SF
      4865 Joule St Ste C8, Reno, NV 89502-4151
      View Details
    • Value Estimation by Request
      4,850 SF

      335 Edison Way

      INDUSTRIAL (GENERAL) • 4,850 SF
      335 Edison Way, Reno, NV 89502-2368
      View Details
    • Value Estimation by Request
      2,856 SF

      650 Rock Blvd Ste, Unit 9

      INDUSTRIAL (GENERAL) • 2,856 SF
      650 Rock Blvd Ste, Reno, NV 89502-4116
      View Details
    • Value Estimation by Request
      4,057 SF

      4655 Longley Ln Ste, Unit 101

      INDUSTRIAL (GENERAL) • 4,057 SF
      4655 Longley Ln Ste, Reno, NV 89502-7904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,970 SF

      Industrial Property with Income Potential

      Industrial property featuring a fenced yard and cell tower leases.
      4616 Aircenter Cir, Reno, NV 89502
      View Details
    • Contact for pricing
      52,080 SF

      Fully Leased Industrial Investment Property

      Two-tenant industrial property with future rental upside in Reno.
      2615 Mill St, Reno, NV 89502
      View Details
    • Contact for pricing
      15,531 SF

      Industrial Flex Building Near Airport

      Multi-tenant building near Airway Commerce Center, ideal for owner-operator.
      4050 S Mccarran Blvd, Reno, NV 89502
      View Details
    • Contact for pricing
      78,720 SF

      Reno Warehouse Space Available

      78,720 sq ft warehouse in Reno, Nevada.
      4975 Energy Way, Reno, NV 89502
      View Details
    • $2,500,000
      18,717 SF

      Reno Mixed-Use Investment Opportunity

      2.26-acre property with self-storage, auto sales, and residential income.
      2720 Kietzke Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      97,075 SF

      Multi-Tenant Industrial Investment Opportunity

      Multi-tenant industrial portfolio with value-add features and recent renovations.
      2615-2697 Mill St, Reno, NV 89502
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,022 SF

      Industrial Space Available For Rent

      Industrial property offering 7,022 square feet for lease.
      4802-4810 Longley Ln, Reno, NV 89502
      View Details
    • $2,042 /Mo

      Industrial Unit Near Shopping Mall

      Clean industrial unit with flexible space and convenient location.
      5655 Riggins Ct, Reno, NV 89502
      View Details
    • Contact for pricing
      11,390 SF

      Industrial Investment Opportunity in Reno

      Fully occupied industrial property in a rapidly developing Reno submarket.
      2675-2697 Mill St, Reno, NV 89502
      View Details
    • Contact for pricing
      10,000 SF

      Reno Industrial Space For Rent

      10,000 square foot industrial space available for lease.
      1150 Matley Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      17,333 SF

      Warehouse/Distribution Center For Rent

      Single-story warehouse/distribution center with rear loading.
      1312 Capital Blvd, Reno, NV 89502
      View Details
    • Contact for pricing
      5,837 SF

      Airport Warehouse with Tarmac Access

      5,873 SF warehouse with direct Reno-Tahoe Airport tarmac access.
      1395 Air Cargo Way, Reno, NV 89502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2700 Ml St
    Reno, NV 89502-2241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!