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Property profile & analytics

3200 Ml St Reno, NV 89502-2243

  • Retail space
  • 8,200 SF
  • 1.55 lot acres
OFF-MARKET
Last Sale
Mar 18, 2025
$1,500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US62-1022334
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

  • Circle M Minit Mart & Deli / Convenience Store / Atm
  • ATM (Circle M Minit Mart & Deli) / Atm
  • Reno Tahoe Limousine / Limousine Service

Property Details for 3200 Ml St

Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.55 lot acres
Property size
8,200 SF
Zone code
IC
Property type
Retail space
APN
013-324-08
APU
1332408

Description

This exceptional 8,200 square foot industrial-commercial zoned building is strategically located adjacent to the Reno/Tahoe International Airport, offering unparalleled access and visibility. Situated on a generous 1.55-acre lot, the property boasts ample outdoor storage space, currently utilized by one of the two tenants for extensive vehicle parking. The building itself is divided into two fully leased tenant spaces, generating a consistent income stream. The property's prime corner location at the intersection of Mill Street and Telegraph provides excellent exposure to high traffic volume. A shared fence with the airport adds to the property's unique character and security. The substantial lot size allows for flexibility and potential future expansion. This turnkey investment opportunity presents a rare chance to acquire a high-performing asset in a thriving Reno location, benefiting from the proximity to the airport and its associated economic activity. The existing leases provide immediate cash flow, making this an attractive proposition for investors seeking a stable and profitable commercial real estate investment. The combination of location, size, and existing tenancy makes this property a highly desirable asset in the competitive Reno market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.773
Latitude
39.5168
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
$12,314
$267,711
$95,339
$363,050
-
$764,888
$272,397
$1,037,285
More about this property
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