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    Virginia St Sparks, NV 89431

    Sponsored
    For Sale
    $1,299,000

    Prime industrial land near I-580/395.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.008-acre parcel of land, located in Sparks, Nevada (Washoe County, zip code 89431), presents a unique opportunity for development. Situated on North Virginia Street near Stead Boulevard and with convenient access to Interstates 580 and 395, this property benefits from an unparalleled location within a thriving logistics hub. The site is zoned Industrial Commercial (IC), making it suitable for a variety of industrial and commercial uses. Its proximity to major transportation arteries ensures efficient distribution and supply chain operations. Neighboring businesses include Amazon's last-mile distribution center and OnTrac, further highlighting the area's strategic importance. Municipal utilities are readily accessible on North Virginia Street

    Property Features for 0 Virginia St

    General Information

    Property type
    Land
    Lot Size
    131,028 SF

    HighLights

    • Utilities available on N Virginia St.
    • Excellent freeway access: 0.3 miles to I‑395.
    • Zoned IC (Industrial Commercial).
    • Strategically located near major logistics hubs, including Amazon and OnTrac.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8790853892
    Latitude
    39.614491729257

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    FAQs

    What type of property is this?
    Land - Prime industrial land near I-580/395.
    Where is this land located?
    The property is located at Virginia St Sparks, NV.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Utilities available on N Virginia St.; Excellent freeway access: 0.3 miles to I-395.; Zoned IC (Industrial Commercial).
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    Virginia St Sparks, NV 89431
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