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$1,900,000
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Property Description
Prime Commercial Flex Space - 5-Unit Investment Opportunity Located in the heart of Reno, this desirable 5-unit commercial flex property presents an exceptional investment or owner-user opportunity. Strategically positioned near Reno-Tahoe International Airport, with easy freeway access and close proximity to the Virginia Street corridor, this property offers excellent visibility and accessibility for tenants and businesses alike., Property Highlights: - Versatile Flex Units - Ideal for office, warehouse, light industrial, or showroom use - 14' Roll-Up Doors - Convenient access for logistics and operations - Dedicated Fenced Yards - Private outdoor storage or workspace for each unit - Prime Location - Minutes from major freeways, airport, and business hubs - High Demand Area - Perfect for small businesses, contractors, and logistics - Current Maintenance/Inspections - Well cared for and maintained Investor Advantage: - Value-Add Potential - Two tenants currently leasing below market rates, offering an opportunity to increase cash flow by an additional 60%-100% NOI within 2.5-4 years - Asking price $192.46/psf; Sales comps support $236.00/psf - Appreciation Potential - Rental rate adjustments and market growth enhance the long-term value of the property This is a rare opportunity to secure a highly sought-after flex property in Reno's booming commercial sector. Contact us today for financials, leasing details, and showings. ***Stated NOI in PRO-FORMA estimates based on current lease rent escalations/budget and projected renewal terms. ***Buyer to verify power, description pulled from prior sources but not confirmed
Full Property Details
Full Property Details for 1855 E Peckham
General
- Price: $1,900,000
- Taxes: $17,642
- Status: Active
- Type: Industrial
- Source: 2502
- MLS ID: 250005129
- Updated: 5/28/2025
- Added to Site: 274 day(s) ago
Business
- Business Type: Industrial
Interior
- Flooring: Concrete, Vinyl
Additional Information
- Security/Safety: Fire Alarm, Fire Sprinkler System
- Other Features: Vehicle Door Loading, No Common Area Facilities, Loading In Rear, Free Standing, Drive-In Loading
Parking
- Total Spaces: 21
Location
- County: Washoe
- Subdivision: Rewana 2
- Driving Directions: Airway
Community
- Assoc. Fees Include: Electricity, Insurance, Maintenance Structure, Sewer, Trash, Water, Real Estate Tax
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric, Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- # Buildings: 1
- Exterior Const.: Fiber Cement, Metal Siding, Steel Frame
- Roof: Metal, Pitched
- Windows: Double Pane Windows
- Stories/Levels: 1
- Building Size: 9872
- Sq. Ft. Source: Assessor
- Year Built: 2006
Lot Features
- Lot Size (Acres): 0.73
- Lot Size (Sq. Ft.): 31,929.48
- Frontage: Public
- Street/Road Desc.: Paved
- Road Maintenance: Public Maintained Road
- Lot Features: Landscaped
- Zoning: ME
- Fencing (Description): Back Yard, Partial, Chain Link, Fenced
Financial Considerations
- Price Per Sq. Ft.: $192.46
- Tax Amount: $17,642
- Terms: Conventional, Owner May Carry
Disclosures and Reports
- APN: 2526621
Listed by Hilderbrand Property Management, Jennifer Hilderbrand (775) 722-9462
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Schools
Schools serving 1855 E Peckham
School District:Washoe County School District
| Name | Grades | Distance |
|---|---|---|
Smithridge Elementary School 4801 Neil Road, Reno, NV 89502 | K-5 | 0.4 mi |
Edward L Pine Middle School 4800 Neil Road, Reno, NV 89502 | 6-8 | 0.3 mi |
Damonte Ranch High School 10500 Rio Wrangler Parkway, Reno, NV 89521 | 9-12 | 5.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1855 E Peckham
Date
Details
Price
Change
Source
4/19/2025
Listed
$1,900,000
18.75%
MLS
12/21/2006
Sold
$1,600,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1855 E Peckham
Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,128
8%
$522,324
13%
2023
$15,868
8%
$462,475
15%
2022
$14,687
4%
$400,666
4%
2021
$14,176
—
$386,749
-3%
2021
$14,176
4%
$397,621
7%
2019
$13,629
-13%
$371,736
3%
2018
$15,718
19%
$359,259
—
2017
$13,210
-1%
$360,333
-1%
2016
$13,295
—
$362,856
—
2015
$13,292
2%
$362,806
2%
2014
$13,063
—
$356,539
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1855 E Peckham
1855 E Peckham, Reno, NV 89502 (MLS# 250005129) is a Industrial property. 1855 E Peckham is currently listed for $1,900,000 and was received on April 19, 2025. Want to learn more about 1855 E Peckham? Do you have questions about finding other Industrial real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.

