Multi-Tenant Retail
New
For Sale
Contact for pricing
2965 Vista Blvd., Sparks, NV 89434
Multi-tenant retail property with established service and retail occupancy, an ATM ground lease, and remaining lease-up space.
Property Size8,388 SF
Lot Size1.24 Acres
Price / SF$286.12
Days on Market5
Property Features for 2965 Vista Blvd.
General Information
Standard status
Active
Size
8,388 SF
Lot size
1.24 Acres
Property subtype
Retail
Occupancy
88%
Investment Type
Value Add
Net Operating Income
$87,628
Site & Location
Corner Location
Yes
Traffic Count
28,700 vehicles/day
Building Details
Year Built
2003
Buildings
2
Tenancy
Multi
Listing Agency:
Logic Commercial Real Estate Reno
(775) 386-9727
Listed By:
Michael Keating · License #NV# S.174942
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 5:04AM
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
Investment Insights
Based on property information with market context.
This multi-tenant retail property contains approximately 8,388 square feet across three parcels totaling approximately 1.24 acres. Built in 2003, the asset includes a mix of service and retail tenants, an ATM ground lease, and a limited amount of vacant space. The property is located at 2965 and 2975 Vista Blvd. and 1963 Baring Blvd. in Sparks, Nevada.
The site occupies the signalized intersection of Vista Blvd. and Baring Blvd., with approximately 28,700 CPD on Vista Blvd. Nearby national and regional retailers include Walgreens, Safeway, CVS Pharmacy, US Bank, Starbucks, and Smith's. The surrounding five-mile trade area has an average household income of $114,269 and a daytime population of 158,040.
The site occupies the signalized intersection of Vista Blvd. and Baring Blvd., with approximately 28,700 CPD on Vista Blvd. Nearby national and regional retailers include Walgreens, Safeway, CVS Pharmacy, US Bank, Starbucks, and Smith's. The surrounding five-mile trade area has an average household income of $114,269 and a daytime population of 158,040.
Key Highlights
- Approximately 8,388 SF of multi‑tenant retail space
- Three parcels totaling approximately 1.24 acres
- Signalized intersection at Vista Blvd. and Baring Blvd.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,981
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,879,620
$3.9M
Cap Rate 7%
$2,771,157
$2.8M
Cap Rate 9%
$2,155,344
$2.2M
Market Conditions
NOI Build-Up for 8,388 SF
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.
Gross rent
$286.9K $34.20/SF
− Vacancy
−$9.8K −$1.16/SF
EGI
$277.1K $33.04/SF
− OpEx
−$83.1K −$9.91/SF
NOI
$194.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,879,620
Cap Rate 7%
$2,771,157
Cap Rate 9%
$2,155,344
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,981 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,837 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail property with established service and retail occupancy, an ATM ground lease, and remaining lease-up space.
Where is this retail space located?
The property is located at 2965 Vista Blvd. Sparks, NV.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 8,388 SF of multi‑tenant retail space; Three parcels totaling approximately 1.24 acres; Signalized intersection at Vista Blvd. and Baring Blvd.
