3200 Ml St Reno, NV 89502-2243
Property Lookup
Property profile & analytics
3200 Ml St Reno, NV 89502-2243
- Retail space
- 8,200 SF
- 1.55 lot acres
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.
Location Intelligence
Current Use by Public Records
- Circle M Minit Mart & Deli / Grocery & Convenience Store
- 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
- Method
- Estimation
- ML approach
- $975,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,730,000
- 6.5%
- $1,595,000
- 7%
- $1,480,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,235,000 Current use
- INDUSTRIAL (GENERAL)
- $2,260,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
