Office Building for
255 Glendale Ave Sparks, NV 89431
For Sale
Contact for pricing
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 Market494
Property Features for 255 Glendale Ave
General Information
- Standard status
- Active
- Size
- 28,490 SF
- Property subtype
- OFFICE
Listing Agency:
CBRE | Reno
(775) 823-6937
Listed By:
David Woods · License #S.0072655
(775) 762-2288
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 25
Last Checked: Jul 25 at 6:31AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $632.5k | $22.20 |
| − Vacancy | −$94.9k | −$3.33 |
| EGI | $537.6k | $18.87 |
| − OpEx | −$134.4k | −$4.72 |
| NOI | $403.2k | $14.15 |
28,490 SF · lease $22.20/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Curtis Gulka, OT
Physician
Dr. Donald S. ...
Physician
Dr. James R. ...
Physician
Euromodelage
Production Facility
GSG Protective Services
Security Service
FAQs
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
