For Sale
$1,400,000
1657 Prater Way, Sparks, NV 89431
Storefront properties
Property Size4,872 SF
Price / SF$287.36
Days on Market147
Property Features for 1657 Prater Way
General Information
Standard status
Active
Size
4,872 SF
Total Parking Spaces
19
Additional Details
Road Access
Yes
Listing Agency:
Real Broker LLC
(775) 406-1946
Listed By:
Jessica Hodges · License #B.145936
(775) 813-7024
Source:
At-realty
Added: May 16
Changed: Oct 6
Last Checked: Oct 7 at 11:35AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Key Highlights
- 4,872 SF high‑visibility mixed‑use commercial property with dual frontage on Rock Blvd and Prater Way
- Front building faces Prater Way and is operating as a flower shop with 14 customer parking spaces
- Back building faces Rock Blvd and was previously used as a veterinary office, with 5 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,670
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,400
$2.3M
Cap Rate 7%
$1,609,571
$1.6M
Cap Rate 9%
$1,251,889
$1.3M
Market Conditions
NOI Build-Up for 4,872 SF
Gross rent
$166.6K $34.20/SF
− Vacancy
−$5.7K −$1.16/SF
EGI
$161.0K $33.04/SF
− OpEx
−$48.3K −$9.91/SF
NOI
$112.7K $23.13/SF
Area
Sparks, NV
Vacancy
3.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,400
Cap Rate 7%
$1,609,571
Cap Rate 9%
$1,251,889
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,670 @ 7.0% cap · market cap 8.05%
Second Best
Healthcare Medical
$1.01M
$887.5K – $1.18M
NOI $70,999 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,718 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Flower Bucket Florist — 1657 Prater Way, Sparks, NV 89431
- Flower Pointe LLC a LLC — 1001 Pyramid Way, Sparks, NV 89431
- Sierra Bouquets — 721 Greenbrae Dr, Sparks, NV 89431
Frequently Asked Questions
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: 4,872 SF high‑visibility mixed‑use commercial property with dual frontage on Rock Blvd and Prater Way; Front building faces Prater Way and is operating as a flower shop with 14 customer parking spaces; Back building faces Rock Blvd and was previously used as a veterinary office, with 5 parking spaces
