Flex Industrial Warehouse
390 Freeport Blvd Sparks, NV 89431
For Sale
Contact for pricing
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 Market370
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) 386-9727
Listed By:
Mike Keating
(775) 386-9727
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Jul 28
Last Checked: Jul 28 at 5:42AM
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.
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $762.8k | $19.20 |
| − Vacancy | −$64.8k | −$1.63 |
| EGI | $698.0k | $17.57 |
| − OpEx | −$244.3k | −$6.15 |
| NOI | $453.7k | $11.42 |
39,731 SF · lease $19.20/SF/yr · vacancy 8.50% · expense 35.00%
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.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- TukTuk YumYum Frozen Yogurt — 380 Freeport Blvd Suite #4, Sparks, NV 89431
- Poi Boy Catering — 155 Glendale Ave Suite 19, Sparks, NV 89431
- Jonesey's Inc — Sparks, NV 89431
- Blend Catering — 615 Spice Islands Dr #4, Sparks, NV 89431
- Chrissy's Cheesecakes — 615 Spice Islands Dr, 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
