Multi-Tenant Medical/Office/Lab Property

255 Glendale Avenue, Sparks, NV 89431

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For Sale

$5,500,000

28,490 SF multi-tenant medical/office/lab property in Sparks, NV.

Type:Office

Property size:

28,490 SF

Price / SF:

$193/SF

HighLights

Anchor tenant is Concentra Health with 7 years remaining on the existing lease.
28,490 square‑foot multi‑tenant medical/office/lab property.
Located in the flex industrial submarket of Sparks, NV.
Juniper Services occupies approximately 5,400 square feet with 4 years remaining.
Zoning is Industrial, providing flexibility to convert to flex industrial.
Located in a primarily industrial submarket providing needed office space.

We can help!

Listing Contact

Leahna Chapman

For Sale

$5,500,000

28,490 SF multi-tenant medical/office/lab property in Sparks, NV.

Type:Office

Property size:

28,490 SF

Price / SF:

$193/SF

Added:: Mar 25, 2026
Days on Market:: 86
Last Refresh:: Mar 18 at 9:20 am

Property Features for 255 Glendale Avenue

General Information

Standard status: Active
Size: 28,490 SF
Property subtype: Office

We can help!

Listing Contact

Leahna Chapman

Listing agent Leahna Chapman License #0183267

Listing office CBRE | Reno

Listing date Mar 25, 2026

Source Cbre

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

HighLights

Anchor tenant is Concentra Health with 7 years remaining on the existing lease.
28,490 square‑foot multi‑tenant medical/office/lab property.
Located in the flex industrial submarket of Sparks, NV.
Juniper Services occupies approximately 5,400 square feet with 4 years remaining.
Zoning is Industrial, providing flexibility to convert to flex industrial.
Located in a primarily industrial submarket providing needed office space.

Overview

This 28,490 square-foot multi-tenant property is suitable for medical, office, or lab use and is located in the flex industrial submarket of Sparks, NV. The property is located in a primarily industrial submarket providing needed office space to users in this industrial submarket. The anchor tenant, Concentra Health, has 17 years of operating history at the site and 7 years remaining on the existing lease. Juniper Services occupies approximately 5,400 square feet with 4 years remaining on their lease. The property is zoned Industrial, providing flexibility to convert to flex industrial.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$752.1k	$26.40
− Vacancy	−$60.2k	−$2.11
EGI	$692.0k	$24.29
− OpEx	−$276.8k	−$9.72
NOI	$415.2k	$14.57

28,490 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$5.93M

$5.19M – $6.92M (±1% cap)

NOI $415,179 @ 7.0% cap · market cap 7.55%

Second Best

Office B

$5.76M

$5.04M – $6.72M (±1% cap)

NOI $403,205 @ 7.0% cap · market cap 7.33%

Theoretical Best

Specialty Retail

$10.08M

$8.82M – $11.77M (±1% cap)

NOI $705,922 @ 7.0% cap · market cap 12.83%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile 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

Suggested Use

Similar Places Nearby

Desert Hills Animal Hospital — 760 E Lincoln Way, Sparks, NV 89434
Brock Amanda DVM — 760 E Lincoln Way, Sparks, NV 89434

Location Insight

Map
Local Demand

City: Sparks
County: Washoe
State: Nevada
Longitude: -119.7461806
Latitude: 39.5269855

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For sale
Medical Office Space
NV
Sparks
89431
255 Glendale Avenue

What type of property is this?

Medical Office Space - 28,490 SF multi-tenant medical/office/lab property in Sparks, NV.

Where is this medical office space located?

The property is located at 255 Glendale Avenue 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: Anchor tenant is Concentra Health with 7 years remaining on the existing lease.; 28,490 square‑foot multi‑tenant medical/office/lab property.; Located in the flex industrial submarket of Sparks, NV.