Mixed-Use Property with Attached
For Sale
$779,000
1001 Rock Boulevard, Sparks, NV 89431
Commercial Sale, Sparks, NV
Property Size1,648 SF
Lot Size0.19 Acres
Price / SF$472.69
Days on Market250
Property Features for 1001 Rock Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MUD
Window features
Vinyl Frames
Fencing
Fenced
Basement
Finished
Subdivision
Newtown Tract
Lot features
Corner Lot, Sloped Down
Standard status
Active
APN
031-191-08
Size
1,648 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
4137
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
2
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Shingle, Composition
Additional Structures
Residence
Listing Agency:
Sierra Nevada Properties-Frnly
(775) 689-8228
Listed By:
Yao Yao Zhuang · License #S.198292
(775) 276-2991
Added: Jan 6
Changed: Aug 20
Last Checked: Sep 13 at 7:06AM
MLS# 260000445
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This MUD-zoned mixed-use property spans 0.19 acres and includes two fully improved buildings with a combined property size of 1,648 square feet. The commercial building offers three private offices and a large open room with reception or waiting-area potential upstairs, plus two private rooms, a laundry room, and a multipurpose room downstairs. A two-car attached garage provides additional parking or storage space.
Located at 1001 Rock Boulevard in Sparks, the property is positioned next to a retail strip center and offers access from Rock Boulevard. Construction dates to 1990, with vinyl siding, laminate flooring, central air, natural-gas heating, public water, public sewer, and a fenced site. The commercial layout is suited to office-based, medical, dental, therapy, administrative, and related professional operations as described in the property information.
Located at 1001 Rock Boulevard in Sparks, the property is positioned next to a retail strip center and offers access from Rock Boulevard. Construction dates to 1990, with vinyl siding, laminate flooring, central air, natural-gas heating, public water, public sewer, and a fenced site. The commercial layout is suited to office-based, medical, dental, therapy, administrative, and related professional operations as described in the property information.
Key Highlights
- Mixed‑use property with MUD zoning on 0.19 acres
- Two fully improved buildings with a property size of 1,648 square feet
- Commercial building includes 3 private offices and a large open room upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,320
$480.3K
Cap Rate 7%
$343,086
$343.1K
Cap Rate 9%
$266,844
$266.8K
Market Conditions
NOI Build-Up for 1,648 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.5K $26.40/SF
− Vacancy
−$3.5K −$2.11/SF
EGI
$40.0K $24.29/SF
− OpEx
−$16.0K −$9.72/SF
NOI
$24.0K $14.57/SF
Area
Sparks, NV
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,320
Cap Rate 7%
$343,086
Cap Rate 9%
$266,844
Alternative Uses
Best Use
Healthcare Medical
$343.1K
$300.2K – $400.3K
NOI $24,016 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$583.3K
$510.4K – $680.6K
NOI $40,834 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two improved buildings provide flexible commercial layouts with private offices, open areas, and a two-car attached garage.
Where is this mixed-use property located?
The property is located at 1001 Rock Boulevard Sparks, NV.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Mixed‑use property with MUD zoning on 0.19 acres; Two fully improved buildings with a property size of 1,648 square feet; Commercial building includes 3 private offices and a large open room upstairs
