Sparks Industrial Property with
For Sale
Contact for pricing
901 Meredith Way, Sparks, NV 89431
Functional office/warehouse with fenced yard in Sparks industrial corridor.
Property Size10,783 SF
Lot Size1.00 Acre
Price / SF$347.77
Days on Market146
Property Features for 901 Meredith Way
General Information
Standard status
Active
Size
10,783 SF
Lot size
1.00 Acre
Property subtype
Industrial
Investment Type
Owner/User
Listing Agency:
Evolve Nevada
Listed By:
Jason Evanchak · License #NV B143842
Source:
Crexi
Added: May 21
Changed: Oct 8
Last Checked: Oct 12 at 7:56PM
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 Evolve Nevada
Investment Insights
Based on property information with market context.
This polished office and warehouse asset features fenced yard space and strong loading capabilities. It also benefits from supplemental revenue generated by two existing cell tower leases. The layout is suitable for contractors, service operations, distribution, and owner-user occupancy within the core Sparks industrial corridor. Designed to accommodate a range of operational uses, the property features a functional industrial layout. The building configuration includes warehouse, shop, and office components that can support contractor services, distribution, light manufacturing, or other industrial users. The one-acre parcel offers additional flexibility for parking, storage, or operational yard space. Located within the established Sparks industrial submarket, a strategic logistics hub within the Reno-Sparks metropolitan area, the property benefits from convenient access to Interstate 80, Rock Boulevard, and major regional transportation corridors, providing efficient connectivity to Northern California, the Pacific Northwest, and the broader Mountain West. The property has a size of 10783 square feet.
Key Highlights
- Fenced yard space on a one‑acre parcel provides flexibility for parking, storage, or operations.
- Strong loading capabilities suitable for warehouse and distribution operations.
- Supplemental revenue from two existing cell tower leases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,133
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,462,660
$2.5M
Cap Rate 7%
$1,759,043
$1.8M
Cap Rate 9%
$1,368,144
$1.4M
Market Conditions
NOI Build-Up for 10,783 SF
Gross rent
$207.0K $19.20/SF
− Vacancy
−$17.6K −$1.63/SF
EGI
$189.4K $17.57/SF
− OpEx
−$66.3K −$6.15/SF
NOI
$123.1K $11.42/SF
Area
Sparks, NV
Vacancy
8.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,462,660
Cap Rate 7%
$1,759,043
Cap Rate 9%
$1,368,144
Alternative Uses
Best Use
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,133 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$831.3K
$727.4K – $969.9K
NOI $58,192 @ 7.0% cap · market cap 1.55%
Theoretical Best
Specialty Retail
$3.82M
$3.34M – $4.45M
NOI $267,180 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
554
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
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Market
Vacancy Rate% for Industrial in West region
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- Roundabout Catering & Party Rentals — 631 Dunn Cir, Sparks, NV 89431
Frequently Asked Questions
What type of property is this?
Flex space - Functional office/warehouse with fenced yard in Sparks industrial corridor.
Where is this flex space located?
The property is located at 901 Meredith Way Sparks, NV.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Fenced yard space on a one‑acre parcel provides flexibility for parking, storage, or operations.; Strong loading capabilities suitable for warehouse and distribution operations.; Supplemental revenue from two existing cell tower leases.
