Retail Building at Major
685 E Prater Way Sparks, NV
For Sale
Contact for pricing
Retail building with dental office and sushi restaurant tenants.
Property Size10,000 SF
Lot Size6.85 Acres
Price / SF$425
Days on Market299
Property Features for 685 E Prater Way
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 6.85 Acres
- Property subtype
- RETAIL
Listing Agency:
Monarch Commercial Advisors
(415) 269-8969
Listed By:
Dave Lucas · License #01389761
(415) 269-8969
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:46AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights For Specialty Retail
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 | $342.0k | $34.20 |
| − Vacancy | −$11.6k | −$1.16 |
| EGI | $330.4k | $33.04 |
| − OpEx | −$82.6k | −$8.26 |
| NOI | $247.8k | $24.78 |
10,000 SF · lease $34.20/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.54M
$3.10M – $4.13M
NOI $247,779 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$3.30M
$2.89M – $3.85M
NOI $231,260 @ 7.0% cap · market cap 5.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
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.
