Flex Industrial Warehouse
For Sale
Contact for pricing
390 Freeport Blvd, Sparks, NV 89431
Flex industrial space totaling ±39,731 SF with recent paint, lighting, HVAC, interior renovations, and roof improvements.
Property Size39,731 SF
Price / SF$218.97
Days on Market469
Property Features for 390 Freeport Blvd
General Information
Standard status
Active
Size
39,731 SF
Property subtype
INDUSTRIAL
Listing Agency:
Logic Commercial Real Estate | Reno
(775) 800-4100
Listed By:
Mike Keating
(775) 386-9727
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Oct 26
Last Checked: Nov 4 at 12:33PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Logic Commercial Real Estate presents 380 & 390 Freeport Blvd, a flex industrial property located in Sparks within the industrial core submarket. The offering totals approximately ±39,731 square feet of flex industrial space.
Recent capital improvements completed over the past twelve months include paint, lighting, air conditioning, interior renovation, and roof work. Additional stabilization efforts noted in the materials include the implementation of a professional management team and completion of a BOMA survey.
The property is presented as suited for steady, long-term cash flow, with high demand and low vacancy referenced for the flex industrial market in Reno/Sparks.
Recent capital improvements completed over the past twelve months include paint, lighting, air conditioning, interior renovation, and roof work. Additional stabilization efforts noted in the materials include the implementation of a professional management team and completion of a BOMA survey.
The property is presented as suited for steady, long-term cash flow, with high demand and low vacancy referenced for the flex industrial market in Reno/Sparks.
Key Highlights
- Flex industrial property totaling ±39,731 SF at 380 & 390 Freeport Blvd in Sparks
- Extensive capital improvements in the past 12 months including paint, lighting, HVAC, interior renovation, and roof
- Stabilization improvements include a professional management team and a BOMA survey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$453,696
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,073,920
$9.1M
Cap Rate 7%
$6,481,371
$6.5M
Cap Rate 9%
$5,041,067
$5.0M
Market Conditions
NOI Build-Up for 39,731 SF
Gross rent
$762.8K $19.20/SF
− Vacancy
−$64.8K −$1.63/SF
EGI
$698.0K $17.57/SF
− OpEx
−$244.3K −$6.15/SF
NOI
$453.7K $11.42/SF
Area
Sparks, NV
Vacancy
8.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,073,920
Cap Rate 7%
$6,481,371
Cap Rate 9%
$5,041,067
Alternative Uses
Best Use
Flex RnD
$6.48M
$5.67M – $7.56M
NOI $453,696 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$4.46M
$3.91M – $5.21M
NOI $312,433 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$14.06M
$12.31M – $16.41M
NOI $984,451 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Jonesey's Inc — Sparks, NV 89431
- Chrissy's Cheesecakes — 615 Spice Islands Dr, Sparks, NV 89431
- Blend Catering — 615 Spice Islands Dr #4, Sparks, NV 89431
- TukTuk YumYum Frozen Yogurt — 380 Freeport Blvd Suite #4, Sparks, NV 89431
- Poi Boy Catering — 155 Glendale Ave Suite 19, Sparks, NV 89431
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial space totaling ±39,731 SF with recent paint, lighting, HVAC, interior renovations, and roof improvements.
Where is this flex space located?
The property is located at 390 Freeport Blvd Sparks, NV.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Flex industrial property totaling ±39,731 SF at 380 & 390 Freeport Blvd in Sparks; Extensive capital improvements in the past 12 months including paint, lighting, HVAC, interior renovation, and roof; Stabilization improvements include a professional management team and a BOMA survey
