Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sparks Industrial Building Sublease Opportunity Title is generated by Realmo AI

    1450 E Greg St, Sparks, NV 89431

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding industrial building in Sparks with excellent I-80 access.

    Type:Industrial
    Property size:
    136,027 SF
    Added:
    Oct 26, 2023
    Days on Market:
    931
    Last Refresh:
    Mar 16 at 10:27 am

    Property Features for 1450 E Greg St

    General Information

    Standard status
    Active
    Size
    136,027 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 1450 E Greg St Contact us

    1450 E Greg Street for Sublease $0.70 /Mo

    Size
    Type
    Industrial
    DCG is pleased to present 1450 E Greg Street in Sparks, Nevada for sublease. This...
    show more
    Contact us

    We can help!

    Listing Contact
    Travis Hansen
    Travis Hansen

    Listing agent Travis Hansen License #NV 75595

    Listing office Dickson Commercial Group

    Listing date Oct 26, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Dickson Commercial Group

    HighLights

    • Freestanding industrial building with demisable space from ±52,752‑136,027 square feet.
    • Excellent location in Sparks, 0.6 miles from I‑80 on/off ramps, providing easy access.
    • Features 17 dock doors and 3 drive‑in doors for efficient loading and unloading.
    • 24’ clear height and 56’ x 48’ column spacing suitable for various industrial uses.
    • Includes ±2,114 square feet of office space and an additional ±988 square foot shipping/receiving office.
    • Equipped with ESFR sprinkler system and Cambridge Heating.

    Overview

    Available for sublease is a freestanding industrial building located at 1450 E Greg Street in Sparks, Nevada. The space is demisable, offering areas ranging from approximately 52,752 to 136,027 square feet. The building includes approximately 2,114 square feet of office space, along with an additional shipping and receiving office of approximately 988 square feet. The industrial area features front loading, an ESFR sprinkler system, a 24-foot clear height, 17 dock doors, and 3 drive-in doors. The column spacing is 56 feet by 48 feet, and the building is equipped with Cambridge Heating. Existing racking is in place, with the option for removal. The property is centrally located within the Sparks submarket, providing access to labor and amenities, and is situated 0.6 miles from the I-80 on and off ramps. The master lease for this turnkey space expires on October 31, 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J-B Machine Co Industrial Manufacturer Garlock Printing & Converting Business Service Center Tranzonic / CCP Industries Warehouse & Storage Bridgestone HosePower Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Pharmacy Big Box & Wholesale Store

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

    Similar Places Nearby

    • Heiser Logistics — 960 E Greg St, Sparks, NV 89431
    • Haulaway Storage Containers - Reno Area — Northern Nevada, 1325 E Greg St, Sparks, NV 89431
    • Sparks Parking, LLC — 1750 Franklin Way, Sparks, NV 89431, United States
    • Universal Industries Inc — 1840 Deming Way, Sparks, NV 89431
    • North American Van Lines — 1283 Spice Islands Dr Suite 100, Sparks, NV 89431

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7157969
    Latitude
    39.5226216

    Nearby Similar for Lease

    • Contact for pricing

      Restaurant Space in High-Traffic Area

      Retail space built out as a restaurant in Sparks, Nevada.
      2300-2360 Oddie Boulevard, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Remodeled Office Building Near Amenities

      Two-story office building with rent-ready suites and conference room.
      1855 Sullivan Lane, Sparks, NV 89531
      View Details
    • $1.25 SF/Yr

      Industrial Building in Sparks Submarket

      11,400 SF industrial building with dock and grade doors.
      610 E Glendale Ave, Sparks, NV 89431
      View Details
    • $1.30 SF/Yr

      Flex Industrial Space For Lease

      Flex industrial space ideal for contractors, trades, and fabricators.
      1961 Pacific Ave, Sparks, NV 89431
      View Details
    • $4,708/Mo

      Sparks Industrial Facility For Rent

      Industrial facility in Sparks, NV, featuring office space.
      702 Spice Islands Dr, Sparks, NV 89431
      View Details
    • $1.75 SF/Yr

      Spanish Springs Office Space Available

      Office suites in a rapidly growing Northern Nevada submarket.
      150 Isidor Court, Sparks, NV, 89441
      View Details
    • $1.25 SF/Yr

      Sparks Warehouse with Drive-Through Access

      2,526 SF warehouse with drive-through and private offices.
      155 Glendale Ave, Sparks, NV
      View Details
    • Contact for pricing

      Medical Suite in Sparks

      2,449 SF medical suite available for lease.
      5070 Ion Dr Suite 201, Sparks, NV 89436
      View Details
    • Contact for pricing

      Modern Office Building with Garage

      Renovated office building with garage in Tahoe Reno Industrial Center.
      610 Waltham Way, Sparks, NV 89437
      View Details
    • $0.75 SF/Yr

      Sparks Industrial Sublease Opportunity

      Well-positioned industrial space with convenient access and strong visibility.
      945 Spice Islands Dr Suite A-1, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Restaurant Retail Space Available

      Retail space built out as a restaurant for lease.
      2300-2360 Oddie Boulevard, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Sparks Warehouse with Office/Showroom

      10,000 SF warehouse space with office and showroom.
      911 Linda Way, Sparks, NV
      View Details

    FAQs

    What type of property is this?
    Warehouse - Freestanding industrial building in Sparks with excellent I-80 access.
    Where is this warehouse located?
    The property is located at 1450 E Greg St Sparks, NV.
    What are key features of this property?
    This property features: Freestanding industrial building with demisable space from ±52,752‑136,027 square feet.; Excellent location in Sparks, 0.6 miles from I‑80 on/off ramps, providing easy access.; Features **17 dock doors and 3 drive‑in doors** for efficient loading and unloading.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Travis Hansen
    Travis Hansen
    Real Estate License ID: NV 75595
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1450 E Greg St, Sparks, NV 89431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!