Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    685 E Prater Way Sparks, NV

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building with dental office and sushi restaurant tenants.

    Type:RETAIL
    Property size:
    10,000 SF
    Lot size:
    6.85 Acres
    Price / SF:
    $425/SF
    Added:
    Sep 30, 2025
    Days on Market:
    208
    Last Refresh:
    Apr 5 at 9:25 pm

    Property Features for 685 E Prater Way

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    6.85 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Dave Lucas
    Dave Lucas

    Listing agent Dave Lucas

    Listing office Monarch Commercial Advisors

    Listing date Sep 30, 2025

    Source Moodyscre

    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 Monarch Commercial Advisors

    Overview

    Retail Building at Major Intersection

    This retail building is located on a hard corner at the intersection of East Prater Way and McCarren Boulevard, within a shopping center anchored by a grocery store. The building has a total size of 10000 square feet. The property includes a fully built-out dental office occupying 50% of the space. Additionally, a sushi restaurant operates within the building under a lease agreement that extends until 2028.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Dental & Orthodontics Dental Office Dunay Kelley DDS Dental Office Ijji Sushi 1 Restaurant Dr. Marty Martin Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.735
    Latitude
    39.5407

    Nearby Similar for Sale

    • $415,000
      1,260 SF

      Sparks Office Condo For Sale

      Well-maintained office condo in Wildcreek Business Park, Sparks, Nevada.
      2225 Green Vista Drive, Sparks, NV 89431
      View Details
    • $779,000
      1,648 SF

      Mixed-Use Property on Rock Blvd

      Mixed-use property ideal for medical, dental, or professional services.
      1001 Rock Boulevard, Sparks, NV 89431
      View Details
    • $649,000
      3,136 SF

      Two Homes on One Lot

      Two single-family homes on one lot, great investment opportunity.
      1811 H Street, Sparks, NV 89431
      View Details
    • $140,000
      583 SF

      Sparks Storage Condo For Sale

      Commercial storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: A5, Sparks, NV 89441
      View Details
    • $135,000
      653 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: D54, Sparks, NV 89441
      View Details
    • $125,000
      581 SF

      Sparks Commercial Flex Space

      Flex space available for sale in Sparks, Nevada.
      11440 Digital Court, Sparks, NV 89441
      View Details
    • $115,000
      502 SF

      Storage Condo in Gated Complex

      Commercial storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: E91, Sparks, NV 89441
      View Details
    • $115,000
      502 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court lot: E90, Sparks, NV 89441
      View Details
    • $130,000
      577 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Court, Sparks, NV 89441
      View Details
    • $699,900
      2,144 SF

      Sparks Multifamily Investment Opportunity

      Three-unit property in Sparks, NV, near amenities and freeway.
      1018 E Street lot: 1018, 1016, 1018-1/2 E Street, Sparks, NV 89431
      View Details
    • $499,900
      1,625 SF

      Sparks Duplex Near Victorian Square

      Charming, remodeled duplex in prime Sparks location with income potential.
      1224 F Street, Sparks, NV 89431
      View Details
    • $429,000
      1,640 SF

      Sparks Duplex: Investor or Owner

      Sparks duplex with rental or owner-occupant potential.
      415 Field Street lot: A + B, Sparks, NV 89431
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building with dental office and sushi restaurant tenants.
    Where is this retail space located?
    The property is located at 685 E Prater Way Sparks, NV.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Located on a hard corner of a major intersection (E Prater and McCarren).; Situated within a grocery‑anchored shopping center.; Includes a fully built‑out dental office in 50% of the space.
    (415) 269-8969 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Lucas
    Dave Lucas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!