Remodeled Live-Work
For Sale
Contact for pricing
1559 D Street, Sparks, NV 89431
MUD-zoned property with updated interiors, two bathrooms, flexible workspace, and outdoor areas with alley access.
Property Size1,021 SF
Price / SF$426.05
Days on Market51
Property Features for 1559 D Street
General Information
Standard status
Active
Size
1,021 SF
Class
B
Property subtype
Retail, Office, Mixed Use
Zoning
MUD
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1935
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Listing Agency:
Blue Sierra Realty
Listed By:
Chris DeMay · License #NV B. 145649
Source:
Crexi
Added: Aug 27
Changed: Oct 2
Last Checked: Oct 14 at 9:24PM
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 Blue Sierra Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,021-square-foot property offers a flexible live-work configuration with a remodeled interior and practical workspace. Improvements include a new kitchen with appliances, cabinetry, and added storage; updated electrical and plumbing; recessed lighting; mini-split heating and cooling systems; select replacement windows; and new LVP flooring. Two bathrooms and an additional flex area support a range of residential or office-oriented layouts.
The property includes a level backyard, front landscaping, alley access, and a spacious side driveway that can accommodate additional vehicles, trailers, or recreational vehicles. MUD zoning supports the stated live-work and office possibilities. Located at 1559 D Street in Sparks, the property is within walking distance of Victorian Square and offers quick freeway access. Built in 1935, it combines an established structure with extensive recent updates.
The property includes a level backyard, front landscaping, alley access, and a spacious side driveway that can accommodate additional vehicles, trailers, or recreational vehicles. MUD zoning supports the stated live-work and office possibilities. Located at 1559 D Street in Sparks, the property is within walking distance of Victorian Square and offers quick freeway access. Built in 1935, it combines an established structure with extensive recent updates.
Key Highlights
- 1,021 SF property with MUD zoning and live‑work possibilities
- Remodeled kitchen with all‑new appliances, cabinetry, and additional storage
- Updated electrical and plumbing, recessed lighting, and new LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,450
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,000
$289.0K
Cap Rate 7%
$206,429
$206.4K
Cap Rate 9%
$160,556
$160.6K
Market Conditions
NOI Build-Up for 1,021 SF
Gross rent
$22.7K $22.20/SF
− Vacancy
−$3.4K −$3.33/SF
EGI
$19.3K $18.87/SF
− OpEx
−$4.8K −$4.72/SF
NOI
$14.4K $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 Rate 5%
$289,000
Cap Rate 7%
$206,429
Cap Rate 9%
$160,556
Alternative Uses
Best Use
Office B
$206.4K
$180.6K – $240.8K
NOI $14,450 @ 7.0% cap · market cap 3.32%
Second Best
Mixed Use
$202.4K
$177.1K – $236.1K
NOI $14,166 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$361.4K
$316.2K – $421.6K
NOI $25,298 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,149
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
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
Frequently Asked Questions
What type of property is this?
Live-work space - MUD-zoned property with updated interiors, two bathrooms, flexible workspace, and outdoor areas with alley access.
Where is this live-work space located?
The property is located at 1559 D Street Sparks, NV.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,021 SF property with MUD zoning and live‑work possibilities; Remodeled kitchen with all‑new appliances, cabinetry, and additional storage; Updated electrical and plumbing, recessed lighting, and new LVP flooring
