Fully Leased Neighborhood Retail
2955 Vista Blvd., Sparks, NV 89434
For Sale
Contact for pricing
Single-story retail property occupied by three tenants with approximately 32 months of weighted average lease term remaining.
Property Size3,268 SF
Price / SF$379.44
Days on Market98
Property Features for 2955 Vista Blvd.
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Michael Keating · License #NV# S.174942
(775) 386-9727
Source:
Crexi
Added: Aug 3
Changed: Nov 5
Last Checked: Nov 8 at 8:14AM
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 Logic Commercial Real Estate Reno
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Investment Insights
Based on property information with market context.
This single-story neighborhood retail center contains 3,268 SF and was constructed in 2003. The property is fully leased to three tenants: Smog Monkey, Little Betty Photography, and Allstate. Their complementary business uses provide a varied tenant roster within one retail asset.
Located at 2955 Vista Blvd. in Sparks, Nevada, the property is positioned within an established retail corridor. Current occupancy is 100%, and the weighted average remaining lease term is approximately 32 months. The configuration offers a straightforward commercial property profile with existing tenant operations and no vacant space identified in the provided information.
Located at 2955 Vista Blvd. in Sparks, Nevada, the property is positioned within an established retail corridor. Current occupancy is 100%, and the weighted average remaining lease term is approximately 32 months. The configuration offers a straightforward commercial property profile with existing tenant operations and no vacant space identified in the provided information.
Key Highlights
- 3,268 SF neighborhood retail center at 2955 Vista Blvd., Sparks, Nevada
- 100% leased to three tenants
- Tenants include Smog Monkey, Little Betty Photography, and Allstate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,576
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,520
$1.5M
Cap Rate 7%
$1,079,657
$1.1M
Cap Rate 9%
$839,733
$839.7K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$111.8K $34.20/SF
− Vacancy
−$3.8K −$1.16/SF
EGI
$108.0K $33.04/SF
− OpEx
−$32.4K −$9.91/SF
NOI
$75.6K $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%
$1,511,520
Cap Rate 7%
$1,079,657
Cap Rate 9%
$839,733
Alternative Uses
Best Use
Retail
$1.08M
$944.7K – $1.26M
NOI $75,576 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,974 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 89434, NV
28,154
Population
11,680
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
125.5 sq mi
ZIP Area
224
Density / Sq Mi
$90,953
Median Household Income
$45,918
Median Earnings
$1,857
Median Rent
$439,000
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
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 2858 Vista Blvd, Sparks, NV 89436
- D'Andrea Marketplace — 2878 Vista Blvd, Sparks, NV 89434
Frequently Asked Questions
What type of property is this?
Shopping center - Single-story retail property occupied by three tenants with approximately 32 months of weighted average lease term remaining.
Where is this shopping center located?
The property is located at 2955 Vista Blvd. Sparks, NV.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: 3,268 SF neighborhood retail center at 2955 Vista Blvd., Sparks, Nevada; 100% leased to three tenants; Tenants include Smog Monkey, Little Betty Photography, and Allstate
