Office Building for
For Sale
Contact for pricing
255 Glendale Ave, Sparks, NV 89431
Two-story office building offered for sale with a total area of 28,490 square feet.
Property Size28,490 SF
Price / SF$193.05
Days on Market585
Property Features for 255 Glendale Ave
General Information
Standard status
Active
Size
28,490 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Reno
(775) 356-6118
Listed By:
Leahna Chapman · License #0183267
(775) 823-6937
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 13
Last Checked: Oct 23 at 5:19AM
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 CBRE | Reno
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Investment Insights
Based on property information with market context.
This office building is offered for sale and totals 28,490 square feet. The listing notes a sale price reduction.
The property is located at 255 Glendale Ave in Sparks, Nevada 89431.
For more leasing or ownership details, including tenant configuration or interior condition, please request the full offering information.
The property is located at 255 Glendale Ave in Sparks, Nevada 89431.
For more leasing or ownership details, including tenant configuration or interior condition, please request the full offering information.
Key Highlights
- Two‑story office building for sale with a total area of 28,490 SF
- Sale price reduction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$403,205
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,064,100
$8.1M
Cap Rate 7%
$5,760,071
$5.8M
Cap Rate 9%
$4,480,056
$4.5M
Market Conditions
NOI Build-Up for 28,490 SF
Gross rent
$632.5K $22.20/SF
− Vacancy
−$94.9K −$3.33/SF
EGI
$537.6K $18.87/SF
− OpEx
−$134.4K −$4.72/SF
NOI
$403.2K $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%
$8,064,100
Cap Rate 7%
$5,760,071
Cap Rate 9%
$4,480,056
Alternative Uses
Best Use
Office B
$5.76M
$5.04M – $6.72M
NOI $403,205 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.08M
$8.82M – $11.77M
NOI $705,922 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
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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 Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building offered for sale with a total area of 28,490 square feet.
Where is this office building located?
The property is located at 255 Glendale Ave Sparks, NV.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Two‑story office building for sale with a total area of 28,490 SF; Sale price reduction
