Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2399 Wingfield Hills Rd Sparks, NV 89436

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease near Golden Eagle Regional Park.

    Property size:
    1,040 SF
    Lot size:
    26.23 Acres

    Property Features for 2399 Wingfield Hills Rd

    General Information

    Size
    1,040 SF
    Lot size
    26.23 Acres

    We can help!

    Listing Contact
    Shawn Smith
    Shawn Smith
    Source: Moodyscre

    Listing Agent: Shawn Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Golden Eagle Park

    This retail space offers flexible lease terms and a tenant improvement allowance for qualified tenants. The property is located one mile east of Golden Eagle Regional Park, which attracts over one million visitors annually. Adjacent properties include the Trails at Pioneer Meadows, Morning Star Assisted Living, and Wingfield Hills Health & Wellness Skilled Nursing Facility. Situated on Vista Blvd, one of the three main arterials providing access to Spanish Springs, the location benefits from high visibility. Morning Star and Wingfield Hills have around-the-clock staffing, employing hundreds at full capacity. The property offers 1040 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Gentle Dental Sparks Dentist Dr. Richard Novick, ... Orthodontist Farmers Insurance - Shachin ... Insurance Agency Graze Craze Charcuterie ... Charcuterie JJ's Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Nail Salon Hotel & Motel Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.6988375
    Latitude
    39.6075397

    Nearby Similar for Lease

    • Contact for pricing
      32,285 SF

      Prime Retail Space in Sparks

      Retail destination with high visibility and strong co-tenants.
      1300-1380 Disc Dr, Sparks, NV 89436
      View Details
    • Contact for pricing
      3,743 SF

      Retail Space in Sparks Marina

      3,743 SF retail space in a high-traffic shopping center.
      1320 E Lincoln Way, Sparks, NV 89434
      View Details
    • $3,000 /Mo
      807 SF

      Sparks Commercial Space with Garages

      Versatile commercial space in Sparks with office and garage units.
      1953-1/2 Prater Way, Sparks, NV 89431
      View Details
    • $11,300,000
      2,079 SF

      Retail Space in Sparks, Nevada

      Retail spaces available in Sparks, anchored by Walgreens and grocery store.
      2125-2285 Oddie Blvd, Sparks, NV 89431
      View Details
    • $2.00 SF/Yr
      3,290 SF

      Retail Space in Iron Horse

      3,290 SF available in Sparks' retail node.
      589-635 E Prater Way, Sparks, NV 89431
      View Details
    • $2,265,000
      1,076 SF

      Retail Space in Sparks, Nevada

      Retail space available in Sparks, anchored by Walgreens & Grocery Store.
      2193-2195 Oddie Blvd, Sparks, NV 89431
      View Details
    • $2 SF/Yr
      1,241 SF

      Retail Space in Sparks, Nevada

      Retail spaces available in Sparks, anchored by Walgreens and grocery store.
      2131-2135 Oddie Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      81,175 SF

      Evergreen Plaza Retail/Office Suites

      Retail and office suites available in Evergreen Plaza Shopping Center.
      2300 Oddie Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      36,900 SF

      Industrial Space in Reno Tahoe

      Modern industrial building with office space available for lease.
      75 Italy Dr, Sparks, NV 89434
      View Details
    • $1.95 SF/Yr
      1,568 SF

      Sparks Office Space Available Soon

      Well-maintained Sparks office space, move-in ready, available 6/30/24.
      1301 N Mccarran Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      1,539 SF

      Retail Space in Sparks, Nevada

      Retail property in Sparks' Spanish Springs community, high-traffic location.
      4760 Galleria Pkwy, Sparks, NV 89436
      View Details
    • Contact for pricing
      260,000 SF

      Sparks Industrial & Office Space

      Versatile Nevada Commercial Property
      250 Vista Blvd, Sparks, NV 89434
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease near Golden Eagle Regional Park.
    Where is this retail space located?
    The property is located at 2399 Wingfield Hills Rd Sparks, NV.
    What are key features of this property?
    This property features: - Flexible lease terms and generous tenant improvement allowance.; - Located on Vista Blvd, a main arterial providing access to Spanish Springs.; - One mile east of Golden Eagle Regional Park (over one million visitors annually).
    (775) 301-1300
    Request Owner's contact information
    2399 Wingfield Hills Rd Sparks, NV 89436
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2399 Wingfield Hills Rd
    Sparks, NV 89436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2399 Wingfield Hills Rd Sparks, NV 89436
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shawn Smith
    Shawn Smith
    (775) 301-1300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.