Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sparks Retail Center Value-Add Opportunity Title is generated by Realmo AI

    2125-2275 Oddie Blvd, Sparks, NV 89431

    View on Map
    Claim this Listing
    For Sale
    $11,300,000

    Multi-tenant retail center in Sparks, Nevada with value-add potential.

    Type:Shopping Strip
    Property size:
    132,364 SF
    Price / SF:
    $85/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:42 am

    Property Features for 2125-2275 Oddie Blvd

    General Information

    Standard status
    Active
    Size
    132,364 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Bret Nicholson
    Bret Nicholson

    Listing agent Bret Nicholson License #NV: S.0183859

    Listing office Reno Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Reno Office

    HighLights

    • Value‑add opportunity with vacant anchor space allowing for significant upside potential through lease‑up.
    • High‑traffic location at the intersection of Oddie Boulevard and El Rancho Drive (30,000+ cars per day).
    • Strategic location with significant recent and ongoing development, including 288 new apartments and a $30 million redevelopment project.
    • Diverse tenant mix including national brands like Wells Fargo, Walgreens, and Family Dollar.
    • New Panda Express location opening immediately adjacent to the property.
    • Located within a 5‑mile radius of 260,000+ residents.

    Overview

    The subject property is a 132,364 square-foot multi-tenant retail center known as Paradise Plaza, located in Sparks, Nevada. The offering includes the anchor space and attached in-line retail spaces. The anchor space is currently vacant, presenting a value-add opportunity for investors or owner-users. Paradise Plaza is part of a larger regional shopping center of approximately 190,000 square feet, including all outparcels, some of which are not part of this offering. Existing tenants include Wells Fargo, Walgreens, Jack-In-The Box, US Bank, Family Dollar, Octopharma Plasma, Pizza Plus, and H&R Block. Panda Express has purchased a building within the center and intends to open a location immediately adjacent to the subject property. Paradise Plaza is located at the intersection of Oddie Boulevard and El Rancho Drive, with a combined traffic volume of over 30,000 cars per day. The property has frontage along Oddie Boulevard and good accessibility. The surrounding area has seen development, including 288 new apartment units constructed across the street in 2020, and the nearly completed $30-million dollar "Oddie District" redevelopment project on the northwest corner of the intersection. These projects aim to serve the 260,000+ residents within a 5-mile radius. This property offers investors and owner/users a value-add opportunity.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sierra Center — 1605 sullivan ln #1895, sparks, nv 89431
    • Evergreen — 2300 Oddie Blvd, Sparks, NV 89431
    • Paradise Plaza — 2289 Oddie Blvd, Sparks, NV 89431
    • Ideal Shopping Center — 1845 Prater Way, Sparks, NV 89431
    • Coin Cloud Bitcoin ATM — 1675 Victorian Ave, Sparks, NV 89431

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7728562
    Latitude
    39.5443712

    Nearby Similar for Sale

    • $779,000
      1,648 SF

      Mixed-Use Property on Rock Blvd

      Mixed-use property ideal for medical, dental, or professional services.
      1001 Rock Boulevard, Sparks, NV 89431
      View Details
    • $395,000
      1,260 SF

      Sparks Office Condo For Sale

      Well-maintained office condo in Wildcreek Business Park, Sparks.
      2225 Green Vista Drive, Sparks, NV 89431
      View Details
    • $140,000
      583 SF

      Sparks Storage Condo For Sale

      Commercial storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: A5, Sparks, NV 89441
      View Details
    • $699,900
      2,144 SF

      Sparks Multifamily Investment Opportunity

      Three-unit property in Sparks, NV, near amenities and freeway.
      1018 E Street lot: 1018, 1016, 1018-1/2 E Street, Sparks, NV 89431
      View Details
    • $125,000
      581 SF

      Sparks Commercial Flex Space

      Flex space available for sale in Sparks, Nevada.
      11440 Digital Court, Sparks, NV 89441
      View Details
    • $115,000
      502 SF

      Storage Condo in Gated Complex

      Commercial storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: E91, Sparks, NV 89441
      View Details
    • $740,000
      2,466 SF

      Sparks Multifamily Investment Property

      Rented triplex near shopping and freeways in Sparks, Nevada.
      1100 El Rancho Drive, Sparks, NV 89431
      View Details
    • $115,000
      502 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: E90, Sparks, NV 89441
      View Details
    • $130,000
      577 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court, Sparks, NV 89441
      View Details
    • $515,000
      2,000 SF

      Sparks, NV Commercial Property

      Commercial property in Sparks, NV with tenant in place.
      2145 Green Vista Drive, Sparks, NV 89431
      View Details
    • $625,000
      1,417 SF

      Sparks Multifamily Investment Opportunity

      Two houses on one parcel, ideal for investors.
      1947 G Street, Sparks, NV 89431
      View Details
    • $135,000
      653 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: D54, Sparks, NV 89441
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center in Sparks, Nevada with value-add potential.
    Where is this shopping center located?
    The property is located at 2125-2275 Oddie Blvd Sparks, NV.
    What is the asking price?
    The asking price for this property is $11,300,000.
    What are key features of this property?
    This property features: Value‑add opportunity with vacant anchor space allowing for significant upside potential through lease‑up.; **High‑traffic location** at the intersection of Oddie Boulevard and El Rancho Drive (30,000+ cars per day).; Strategic location with significant recent and ongoing development, including 288 new apartments and a $30 million redevelopment project.
    (775) 348-5234
    We can help!
    Listing Contact
    Bret Nicholson
    Bret Nicholson
    Real Estate License ID: NV: S.0183859
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2125-2275 Oddie Blvd, Sparks, NV 89431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!