End-Unit Office
For Sale
$370,000
2225 Green Vista Drive, Sparks, NV 89431
Commercial Sale, Sparks, NV
Property Size1,260 SF
Lot Size0.03 Acres
Price / SF$293.65
Days on Market151
Property Features for 2225 Green Vista Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Parking features
On Street, Parking Lot
Security features
Security System
Window features
Blinds, Double Pane Windows, Aluminum Frames
Subdivision
Wildcreek Business Park Condominiums
Lot features
Landscaped, Level, Sprinklers In Front
Directions
From US-395 North, take Exit 70A onto N. McCarran Blvd and head east. Turn left on Sullivan Lane, then left again onto Green Vista Drive. Enter the 3rd driveway on the left; the office is in the second building on the left. Building 2225. Suite #308
Standard status
Active
APN
026-591-20
Size
1,260 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1972
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Flooring type
Vinyl
Building materials
Concrete, Glass, Steel Frame, Stucco
Roof type
Tile
Listing Agency:
Keller Williams Group One Inc. · Keller Williams Realty
(775) 336-3800
Listed By:
Robert Campbell · License #S.191406
(775) 481-2323
Added: Apr 7
Changed: Sep 1
Last Checked: Sep 4 at 5:06AM
MLS# 260004163
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 vacant office condominium provides approximately 1,260 square feet in a single-level configuration. The end-unit position has one shared wall and windows on three sides, bringing natural light into an adaptable interior. Improvements include an ADA-accessible restroom, vinyl flooring, central heating and air, and electrical service with both 110V and 220/240V capacity. Dedicated washer and dryer hookups add flexibility for office operations.
Located within Wildcreek Business Park in Sparks, the property offers a professional commercial setting with access to major roads, shopping, and services. The condominium association handles exterior maintenance and common-area services, including sewer, water, and trash. Public water and public sewer serve the property, and parking is available in the lot and on the street.
Located within Wildcreek Business Park in Sparks, the property offers a professional commercial setting with access to major roads, shopping, and services. The condominium association handles exterior maintenance and common-area services, including sewer, water, and trash. Public water and public sewer serve the property, and parking is available in the lot and on the street.
Key Highlights
- Approximately 1,260 square feet in a single‑level office condominium
- End‑unit layout with one shared wall and windows on three sides
- ADA‑accessible restroom and central heating and air
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
$17,832
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
4.82%
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%
$356,640
$356.6K
Cap Rate 7%
$254,743
$254.7K
Cap Rate 9%
$198,133
$198.1K
Market Conditions
NOI Build-Up for 1,260 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
$28.0K $22.20/SF
− Vacancy
−$4.2K −$3.33/SF
EGI
$23.8K $18.87/SF
− OpEx
−$5.9K −$4.72/SF
NOI
$17.8K $14.15/SF
Area
Sparks, NV
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$356,640
Cap Rate 7%
$254,743
Cap Rate 9%
$198,133
Alternative Uses
Best Use
Office B
$254.7K
$222.9K – $297.2K
NOI $17,832 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$446.0K
$390.3K – $520.3K
NOI $31,220 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
363
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Vacant, single-level office suite with flexible planning, central HVAC, and dedicated laundry connections.
Where is this office units located?
The property is located at 2225 Green Vista Drive Sparks, NV.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approximately 1,260 square feet in a single‑level office condominium; End‑unit layout with one shared wall and windows on three sides; ADA‑accessible restroom and central heating and air
