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    The Largest CRE Database in the US with Over 1 Million Listings

    1657 Prater Way Sparks, NV 89431

    Sponsored
    For Sale
    $1,400,000

    COMMERCIAL - Sparks, NV

    Type:Retail
    Property size:
    6,472 SF
    Lot size:
    0.32 Acres
    Days on Market:
    101
    Last Refresh:
    Jan 25 at 9:06 am

    Property Features for 1657 Prater Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Double Pane Windows, Display Window(s)
    Zoning
    Mud
    APN
    032-072-26
    Parking
    14
    Fencing
    Chain Link, Fenced
    Size
    6,472 SF
    Lot size
    0.32 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank, Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Vinyl, Concrete, Carpet
    Building materials
    Brick, Stone
    Roof type
    Flat

    We can help!

    Listing Contact
    Jessica Hodges

    Real Broker, LLC (855) 450-0442

    Listing agent Jessica Hodges (775) 813-7024 License #B.145936

    Listing date Oct 17, 2025

    MLS# 250005918

    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.

    Learn more

    Property Insight Report

    Overview

    High-Visibility Commercial Property Dual Frontage

    This high-visibility commercial property is positioned at the corner of Rock Blvd and Prater Way. The property offers exposure with entrances on two major streets. The front building, currently operating as a flower shop, features 14 customer parking spaces and large retail display windows, and faces Prater Way. The back building, previously used as a veterinary office, faces Rock Blvd and has its own 5 parking spaces. The site includes a grandfathered corner sign at the Rock and Prater intersection. Two commercial coolers are included, and the flower shop business is available for purchase if desired. The property is zoned MUD and runs off of 200 AMPS. The property is suitable for retail, medical, office, or service-based businesses. The lot size is 0.32 acres with a property size of 6472 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flower Bucket Florist Florist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sierra Bouquets, Flower Bucket Florist, Flower Pointe LLC a LLC

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7650743
    Latitude
    39.5376503

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    FAQs

    What type of property is this?
    Storefront property - Versatile property with entrances on two major streets.
    Where is this storefront property located?
    The property is located at 1657 Prater Way Sparks, NV.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime corner location at Rock Blvd and Prater Way with dual frontage offering unbeatable exposure and access.; - Two separate buildings suitable for multiple businesses or owner-user setup, each with dedicated entrances and parking.; - High visibility with a grandfathered corner sign at the Rock and Prater intersection.
    (775) 813-7024
    Request Owner's contact information
    1657 Prater Way Sparks, NV 89431
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    Sparks, NV 89431
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1657 Prater Way Sparks, NV 89431
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    We can help!
    Listing Contact
    Jessica Hodges
    Real Estate License ID: B.145936
    (775) 813-7024
    Learn more
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