Freestanding Flex Building with
For Sale
Contact for pricing
1760 Deming Way, Sparks, NV 89431
The building includes a large office and a small fenced yard.
Property Size19,220 SF
Price / SF$258.84
Days on Market211
Property Features for 1760 Deming Way
General Information
Standard status
Active
Size
19,220 SF
Class
B
Property subtype
Industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
Colliers - Reno, Nevada
(775) 823-9666
Listed By:
Casey Scott CCIM · License #NV S.173901
Source:
Crexi
Added: Feb 2
Changed: Aug 29
Last Checked: Jul 17 at 11:48PM
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 Colliers - Reno, Nevada
Investment Insights
Based on property information with market context.
This 19,220-square-foot freestanding flex property combines industrial building space with a substantial office component. A small fenced yard adds dedicated exterior area to the site, complementing the enclosed commercial space. The configuration is suited to contractor, service, and local distribution operations. Located at 1760 Deming Way in Sparks, Nevada, the property offers a standalone setting for businesses requiring both office functions and industrial-oriented space.
Key Highlights
- 19,220‑square‑foot freestanding industrial flex building
- Large office area within the building
- Small fenced yard included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$219,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,389,540
$4.4M
Cap Rate 7%
$3,135,386
$3.1M
Cap Rate 9%
$2,438,633
$2.4M
Market Conditions
NOI Build-Up for 19,220 SF
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.
Gross rent
$369.0K $19.20/SF
− Vacancy
−$31.4K −$1.63/SF
EGI
$337.7K $17.57/SF
− OpEx
−$118.2K −$6.15/SF
NOI
$219.5K $11.42/SF
Area
Sparks, NV
Vacancy
8.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,389,540
Cap Rate 7%
$3,135,386
Cap Rate 9%
$2,438,633
Alternative Uses
Best Use
Flex RnD
$3.14M
$2.74M – $3.66M
NOI $219,477 @ 7.0% cap · market cap 4.41%
Second Best
Industrial
$1.48M
$1.30M – $1.73M
NOI $103,724 @ 7.0% cap · market cap 2.08%
Theoretical Best
Specialty Retail
$6.80M
$5.95M – $7.94M
NOI $476,231 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Roundabout Catering & Party Rentals — 631 Dunn Cir, Sparks, NV 89431
Frequently Asked Questions
What type of property is this?
Flex space - The building includes a large office and a small fenced yard.
Where is this flex space located?
The property is located at 1760 Deming Way Sparks, NV.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: 19,220‑square‑foot freestanding industrial flex building; Large office area within the building; Small fenced yard included
