Office Condominium End
For Sale
$370,000
2225 Green Vista Drive 308, Sparks, NV 89431
A flexible, single-level office suite in a business park setting with access to nearby roads, shopping, and services.
Property Size1,260 SF
Price / SF$293.65
Days on Market211
Property Features for 2225 Green Vista Drive 308
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Office
Additional Details
Utilities to Site
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,972
Building Details
Building Size
1,260 SF
Year Built
1996
Owner Occupied
No
Listing Agency:
Keller Williams Group One Inc.
Listed By:
Robert Campbell · License #S.191406
(775) 481-2323
Source:
Kirschrealestateteam
Added: Apr 9
Changed: Nov 2
Last Checked: Nov 4 at 8:08AM
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 Keller Williams Group One Inc.
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Investment Insights
Based on property information with market context.
This 1,260-square-foot office condominium was built in 1996 and offers a single-level layout. Its end-unit position has windows on three sides and only one adjoining unit wall. Interior features include an ADA-accessible restroom, central heating and air, and 110V and 220/240V electrical service, plus dedicated washer and dryer connections. The space is vacant.
Located in Wildcreek Business Park in Sparks, the property has access to major roads, shopping, and services. The monthly HOA covers exterior upkeep and shared-area services, including sewer, water, and trash.
Located in Wildcreek Business Park in Sparks, the property has access to major roads, shopping, and services. The monthly HOA covers exterior upkeep and shared-area services, including sewer, water, and trash.
Key Highlights
- 1,260‑square‑foot office condominium built in 1996
- End‑unit position with windows on three sides and one shared wall
- Single‑level layout with ADA‑accessible restroom and central heating and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,832
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,640
$356.6K
Cap Rate 7%
$254,743
$254.7K
Cap Rate 9%
$198,133
$198.1K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$28.0K $22.20/SF
− Vacancy
−$4.2K −$3.33/SF
EGI
$23.8K $18.87/SF
− OpEx
−$5.9K −$4.72/SF
NOI
$17.8K $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%
$356,640
Cap Rate 7%
$254,743
Cap Rate 9%
$198,133
Alternative Uses
Best Use
Office B
$254.7K
$222.9K – $297.2K
NOI $17,832 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$446.0K
$390.3K – $520.3K
NOI $31,220 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
363
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible, single-level office suite in a business park setting with access to nearby roads, shopping, and services.
Where is this office unit located?
The property is located at 2225 Green Vista Drive 308 Sparks, NV.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,260‑square‑foot office condominium built in 1996; End‑unit position with windows on three sides and one shared wall; Single‑level layout with ADA‑accessible restroom and central heating and air
