1645 D Street Sparks, NV 89431
Two-story office conversion with studio in downtown Sparks.
Property Features for 1645 D Street
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- OFC, OFC-BLDG, OFC-LOFT
Listing office KW Commercial - Group 1, Inc. (775) 240-5143
Listing date Aug 8, 2024
Source Realnex
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 KW Commercial - Group 1, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Two buildings included: a 1,590 SF main office and a separate 522 SF ADA‑accessible studio office with a break area and bathroom.
- Convenient location near I‑80 and US‑395 in downtown Sparks.
- Includes furnishings in both buildings.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $22.20 |
| − Vacancy | −$7.0k | −$3.33 |
| EGI | $39.9k | $18.87 |
| − OpEx | −$10.0k | −$4.72 |
| NOI | $29.9k | $14.15 |
