685 E Prater Way, Sparks, NV
Retail building with dental office and sushi restaurant tenants.
- Added:
- Sep 30, 2025
- Days on Market:
- 254
- Last Refresh:
- May 20 at 8:32 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
Listing agent Dave Lucas (415) 269-8969
Listing office Monarch Commercial Advisors (415) 269-8969
Listing date Sep 30, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Monarch Commercial Advisors
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.
- Features a highly successful sushi restaurant.
- Sushi restaurant is currently under a lease until 2028.
- Prominent retail building.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.735
- Latitude
- 39.5407
