Mixed-Use Automotive and Retail
For Sale
$2,750,000
2365 Glendale Ave, Sparks, NV 89431
Three masonry buildings with parking, including a 22' clear automotive center with grade-level door and fire sprinklers.
Property Size9,771 SF
Lot Size0.05 Acres
Price / SF$281.45
Days on Market193
Property Features for 2365 Glendale Ave
General Information
Standard status
Active
Size
9,771 SF
Lot size
0.05 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Reno
Listed By:
Ted Stoever · License #S.0054176
(775) 823-6639
Source:
Colliers
Added: Apr 11
Changed: Oct 13
Last Checked: Oct 19 at 3:15AM
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
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Investment Insights
Based on property information with market context.
This offering includes three separate buildings on multiple small lots with parking available. Building #1 is a single-story brick structure built in 1950 with a basement; it totals 1,600 sf above grade plus an 1,188 sf basement and was originally used as a residence, with the ability to be converted to an office. The building includes two full baths and AC.
Building #2 was built in 1957 as a retail store and is a masonry structure totaling 900 sf. It may be used as office or storage.
Building #3 was built in 1993 as an automotive center and is a masonry building totaling 6,083 sf. Features include gas heat, 3-phase power, 22' clear height, a 10' x 14' grade-level door, fire sprinklers, and a dedicated storage area. The building could be used for automotive, manufacturing, or storage.
Building #2 was built in 1957 as a retail store and is a masonry structure totaling 900 sf. It may be used as office or storage.
Building #3 was built in 1993 as an automotive center and is a masonry building totaling 6,083 sf. Features include gas heat, 3-phase power, 22' clear height, a 10' x 14' grade-level door, fire sprinklers, and a dedicated storage area. The building could be used for automotive, manufacturing, or storage.
Key Highlights
- Three masonry buildings on 0.047 acres with parking available
- Building #1: 1,600 SF single‑story brick with 1,188 SF basement; built in 1950 and originally used as a residence (2 full baths)
- Building #2: 900 SF built in 1957 retail store masonry building; use as office or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,965
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,519,300
$4.5M
Cap Rate 7%
$3,228,071
$3.2M
Cap Rate 9%
$2,510,722
$2.5M
Market Conditions
NOI Build-Up for 9,771 SF
Gross rent
$334.2K $34.20/SF
− Vacancy
−$11.4K −$1.16/SF
EGI
$322.8K $33.04/SF
− OpEx
−$96.8K −$9.91/SF
NOI
$226.0K $23.13/SF
Area
Sparks, NV
Vacancy
3.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,519,300
Cap Rate 7%
$3,228,071
Cap Rate 9%
$2,510,722
Alternative Uses
Best Use
Retail
$3.23M
$2.82M – $3.77M
NOI $225,965 @ 7.0% cap · market cap 8.22%
Second Best
Industrial
$753.3K
$659.1K – $878.9K
NOI $52,731 @ 7.0% cap · market cap 1.92%
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,105 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
734
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Three masonry buildings with parking, including a 22' clear automotive center with grade-level door and fire sprinklers.
Where is this auto shop located?
The property is located at 2365 Glendale Ave Sparks, NV.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Three masonry buildings on 0.047 acres with parking available; Building #1: 1,600 SF single‑story brick with 1,188 SF basement; built in 1950 and originally used as a residence (2 full baths); Building #2: 900 SF built in 1957 retail store masonry building; use as office or storage
