Two-Story Office Conversion For
For Sale
Contact for pricing
1645 D St, Sparks, NV 89431
Two-story office conversion with parking, offices, and finished basement.
Property Size1,590 SF
Price / SF$345.91
Days on Market257
Property Features for 1645 D St
General Information
Standard status
Active
Size
1,590 SF
Class
B
Property subtype
Office
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Michael Keating · License #NV# S.174942
(775) 386-9727
Source:
Crexi
Added: Jan 22
Changed: Sep 4
Last Checked: Sep 4 at 2:33AM
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 Logic Commercial Real Estate Reno
Investment Insights
Based on property information with market context.
This is a two-story office conversion featuring five surface parking spaces. The interior layout includes four private offices, a conference room, a kitchenette, a finished basement, and storage space. The property is zoned MUD.
Key Highlights
- Two‑story office conversion
- Four private offices & conference room
- Five surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,502
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,040
$450.0K
Cap Rate 7%
$321,457
$321.5K
Cap Rate 9%
$250,022
$250.0K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$35.3K $22.20/SF
− Vacancy
−$5.3K −$3.33/SF
EGI
$30.0K $18.87/SF
− OpEx
−$7.5K −$4.72/SF
NOI
$22.5K $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%
$450,040
Cap Rate 7%
$321,457
Cap Rate 9%
$250,022
Alternative Uses
Best Use
Office B
$321.5K
$281.3K – $375.0K
NOI $22,502 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$562.8K
$492.5K – $656.6K
NOI $39,397 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
920
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office conversion with parking, offices, and finished basement.
Where is this office units located?
The property is located at 1645 D St Sparks, NV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑story office conversion; Four private offices & conference room; Five surface parking spaces
