3200 Ml St Reno, NV 89502-2243
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.
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The IC district is intended to provide for a mix of industrial, research and development, and commercial uses. Sites are commonly comprised of moderate-footprint buildings (generally less than 500000 square feet) designed for warehousing, flex space, manufacturing, and supporting office uses. This zoning district should be separate from residential developme…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
IC · Reno, NVThe IC district is intended to provide for a mix of industrial, research and development, and commercial uses. Sites are commonly comprised of moderate-footprint buildings (generally less than 500000 square feet) designed for warehousing, flex space, manufacturing, and supporting office uses. This zoning district should be separate from residential development by natural and man-made buffers.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.