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

    Los Altos Pkwy Sparks, NV 89436

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,701,976

    1.776 acre parcel in Sparks, NV, with flexible zoning.

    Property size:
    1 SF
    Lot size:
    1.78 Acres

    Property Features for Los Altos Pkwy

    General Information

    Size
    1 SF
    Lot size
    1.78 Acres

    We can help!

    Listing Contact
    Peter Larsen
    Source: Corfac

    Listing Agent: Peter Larsen

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

    Learn more

    Property Insight Report

    Overview

    Land Parcel in Growing Area

    This 1.776-acre parcel is located off Los Altos Parkway in Sparks, NV. The property features level topography and is situated in a growing area near new retail, office, and residential developments. The zoning is NUD - New Urban Development, offering flexibility for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.742061
    Latitude
    39.584108

    Nearby Similar for Sale

    • $779,000
      1,648 SF

      Mixed-Use Property on Rock Blvd

      Mixed-use property ideal for medical, dental, or professional services.
      1001 Rock Blvd, Sparks, NV 89431
      View Details
    • $995,000
      3,575 SF

      Charming Multifamily Property in Sparks

      Four units, upgraded, income-producing property near amenities.
      234 18Th St, Sparks, NV 89431
      View Details
    • New
      $569,000
      1,738 SF

      Turnkey Duplex in Sparks, NV

      Remodeled duplex with two detached homes, generating immediate cash flow.
      985 10Th St, Sparks, NV 89431
      View Details
    • $135,000
      940 SF

      Sparks NV 55+ Community Home

      Charming 2-bedroom home in a well-maintained 55+ community.
      1945 4Th St, Sparks, NV 89431
      View Details
    • $169,999
      940 SF

      Renovated Co-op in 55+ Community

      Stylish, renovated 2-bedroom co-op in Sparks, NV 55+ community.
      1945 4Th St, Sparks, NV 89431
      View Details
    • $1,400,000
      6,472 SF

      High-Visibility Commercial Property Dual Frontage

      Versatile property with entrances on two major streets.
      1657 Prater Way, Sparks, NV 89431
      View Details
    • $515,000
      2,000 SF

      Sparks Office Space For Sale

      Tenant-occupied office space with lease until November 2028.
      2145 Green Vista Dr, Sparks, NV 89431
      View Details
    • $1,200,000
      6,644 SF

      Sparks Multi-Unit Investment Opportunity

      Multi-unit property with income-producing buildings in Sparks, Nevada.
      1541 G St, Sparks, NV 89431
      View Details
    • $110,000
      504 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $147,000
      560 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $749,999
      2,440 SF

      Sparks Mixed-Use Development Opportunity

      Commercial and residential property near Rail City Casino.
      1921 Victorian Ave, Sparks, NV 89431
      View Details
    • Contact for pricing
      19,200 SF

      Industrial Property in Tahoe Reno

      19,200 SF industrial property within Tahoe Reno Industrial Center.
      635 Denmark Dr, Sparks, NV 89434
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.776 acre parcel in Sparks, NV, with flexible zoning.
    Where is this commercial land located?
    The property is located at Los Altos Pkwy Sparks, NV.
    What is the asking price?
    The asking price for this property is $1,701,976.
    What are key features of this property?
    This property features: - Located in a growing area with new retail, office, and residential developments.; - Flexible Zoning: NUD - New Urban Development.; - 1.776 Acres.
    (775) 762-5179
    Request Owner's contact information
    Los Altos Pkwy 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.
    Los Altos Pkwy
    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
    Los Altos Pkwy 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
    Peter Larsen
    Real Estate License ID: NV #Lic# S.195204
    (775) 762-5179
    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.