Warehouse with Dock
New
For Sale
Contact for pricing
56 Coney Island Dr, Sparks, NV 89431
Warehouse facility with dock and drive-in loading access.
Property Size20,000 SF
Lot Size1.57 Acres
Price / SF$170
Days on Market3
Property Features for 56 Coney Island Dr
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.57 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
5
Drive-In Doors
2
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Building Size
20,000 SF
Listing Agency:
CBRE | Reno
(775) 356-6118
Listed By:
Tomi Jo Lynch · License #BS.0144992
(775) 321-4484
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:30PM
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 CBRE | Reno
Investment Insights
Based on property information with market context.
This warehouse property includes approximately 20,000 SF within a roughly 1.57-acre site. The building offers 20-foot clear height, five dock doors, and two drive-in doors for receiving and distribution functions. Power is configured at 208V, 3 Phase, and the property includes a sprinkler system identified as .33/2000.
The facility is located at 56 Coney Island Dr in Sparks, Nevada, providing a defined industrial address for warehouse operations and storage.
The facility is located at 56 Coney Island Dr in Sparks, Nevada, providing a defined industrial address for warehouse operations and storage.
Key Highlights
- Approximately 20,000 SF warehouse building on ±1.57 AC
- 20’ clear height
- Five dock doors and two drive‑in doors
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
$157,274
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
4.63%
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%
$3,145,480
$3.1M
Cap Rate 7%
$2,246,771
$2.2M
Cap Rate 9%
$1,747,489
$1.7M
Market Conditions
NOI Build-Up for 20,000 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
$201.6K $10.08/SF
− Vacancy
−$16.6K −$0.83/SF
EGI
$185.0K $9.25/SF
− OpEx
−$27.8K −$1.39/SF
NOI
$157.3K $7.86/SF
Area
Sparks, NV
Vacancy
8.22%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
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%
$3,145,480
Cap Rate 7%
$2,246,771
Cap Rate 9%
$1,747,489
Alternative Uses
Best Use
Warehouse
$2.25M
$1.97M – $2.62M
NOI $157,274 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.08M
$6.19M – $8.26M
NOI $495,558 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
5
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with dock and drive-in loading access.
Where is this warehouse located?
The property is located at 56 Coney Island Dr Sparks, NV.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Approximately 20,000 SF warehouse building on ±1.57 AC; 20’ clear height; Five dock doors and two drive‑in doors
