Multi-Tenant Retail
2965 Vista Blvd., Sparks, NV 89434
For Sale
Contact for pricing
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 Market96
Property Features for 2965 Vista Blvd.
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Investment Type
Net Operating Income
Site & Location
Corner Location
Traffic Count
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Logic Commercial Real Estate Reno
Listed By:
Michael Keating · License NV S.174942
(775) 386-9727
Source:
Crexi
Added: Aug 7
Changed: Oct 26
Last Checked: Nov 8 at 9:31AM
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 Logic Commercial Real Estate Reno
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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 / Yr
$193,981
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Washoe County
Vacancy Rate% for Retail in West region
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.
