End-Unit Office
For Sale
$370,000
2225 Green Vista Unit 308, Sparks, NV 89431
Bright, single-level end-unit office with an ADA restroom, central HVAC, and dedicated washer/dryer hookups.
Property Size1,260 SF
Price / SF$293.65
Days on Market161
Property Features for 2225 Green Vista Unit 308
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
Keller Williams Group One Inc.
Listed By:
Robert Campbell
(775) 688-4000
Source:
Ferrari-lund
Added: Apr 2
Changed: Sep 8
Last Checked: Sep 8 at 7:12AM
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.
Investment Insights
Based on property information with market context.
Well-maintained office condominium in the Wildcreek Business Park in Sparks, offering a functional single-level layout with an approximately 1,260-square-foot bright, open floor plan. The end-unit position provides privacy with only one shared wall and windows on three sides, supporting both day-to-day work and flexible space planning. The suite includes an ADA-accessible restroom and central heating and air. Electrical service includes both 110V and 220/240V, and the unit features dedicated washer/dryer hookups.
The property is located within a professional park setting with convenient access to major roads, shopping, and services. Monthly HOA covers exterior maintenance and common area services, including sewer, water, and trash.
Vacant and easy to show, this space is well suited for an owner-user looking to own their office and manage occupancy costs through ownership.
The property is located within a professional park setting with convenient access to major roads, shopping, and services. Monthly HOA covers exterior maintenance and common area services, including sewer, water, and trash.
Vacant and easy to show, this space is well suited for an owner-user looking to own their office and manage occupancy costs through ownership.
Key Highlights
- 1996‑built office condominium in Wildcreek Business Park, Sparks
- Approximately 1,260 SF single‑level layout with a bright, open floor plan
- End unit with only one shared wall and three sides of windows for added privacy
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
$17,832
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
4.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Bright, single-level end-unit office with an ADA restroom, central HVAC, and dedicated washer/dryer hookups.
Where is this office units located?
The property is located at 2225 Green Vista Unit 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: 1996‑built office condominium in Wildcreek Business Park, Sparks; Approximately 1,260 SF single‑level layout with a bright, open floor plan; End unit with only one shared wall and three sides of windows for added privacy
