1657 PRATER WAY Sparks, NV 89434
1657 PRATER WAY, Sparks, NV, 89434
Contact for pricing
For Sale
Contact for pricing
Storefront properties
Property Size4,872 SF
Price / SF$307.88
Days on Market70
Property Features for 1657 PRATER WAY
General Information
- Standard status
- Active
- Size
- 4,872 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1983
Listing agency
Real Broker, LLC
Listed by
Josh Mansion · License #NV# S.0198515
Source
Crexi
Added: May 13 Updated: Jul 21 at 7:07AM Checked: Jul 21 at 7:07AM
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
Local Financial Insights For Retail
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 | $166.6k | $34.20 |
| − Vacancy | −$5.7k | −$1.16 |
| EGI | $161.0k | $33.04 |
| − OpEx | −$48.3k | −$9.91 |
| NOI | $112.7k | $23.13 |
4,872 SF · lease $34.20/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,670 @ 7.0% cap · market cap 7.51%
Second Best
Healthcare Medical
$1.01M
$887.5K – $1.18M
NOI $70,999 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,718 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flower Bucket Florist
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Sierra Bouquets — 721 Greenbrae Dr, Sparks, NV 89431
- Flower Bucket Florist — 1657 Prater Way, Sparks, NV 89431
- Flower Pointe LLC a LLC — 1001 Pyramid Way, Sparks, NV 89431
FAQs
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 $1,500,000.
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
