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    1-80 & Peri Rnch Rd Sparks, NV 89434

    Sponsored
    For Sale
    $7,000,000

    169 Acres, Industrial Zoning, Excellent Development Potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 169-acre industrial land parcel presents a compelling investment opportunity in Sparks, Nevada. Located at the intersection of I-80 and Peri Ranch Road, this strategically positioned property boasts prime river frontage and offers significant development potential. Zoned for industrial use, the land is ideal for a variety of projects, including warehouses, truck terminals, mini-warehouses, and light industrial facilities. The site features a mix of flat and hillside terrain, with a substantial portion suitable for development. The asking price is $7,000,000, translating to approximately $41,420 per acre. This represents a compelling value, averaging roughly $0.95 per square foot. The seller is open to considering the sale of a large portion of the land, providing flexibility for various development scales. The property's location offers easy access to Reno/Sparks, situated just 9 miles east of the city. Essential utilities, including sewer and waste services, are readily available, simplifying the development process. This is a rare opportunity to acquire a sizable, well-located industrial land parcel with significant upside potential.

    Property Features for 1-80 & Peri Rnch Rd

    General Information

    Property type
    Land
    Lot Size
    7,361,640 SF

    HighLights

    • Prime river frontage.
    • 169‑acre industrial parcel suitable for warehouse, truck terminal, mini‑warehouse, or light industrial development.
    • Significant portion of land is developable.
    • Located 9 miles east of Reno/Sparks.
    • Utilities, sewer, and waste services available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sparks
    County
    Storey
    State
    Nevada
    Longitude
    -119.631986
    Latitude
    39.5095607

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    FAQs

    What type of property is this?
    Land - 169 Acres, Industrial Zoning, Excellent Development Potential.
    Where is this land located?
    The property is located at 1-80 & Peri Rnch Rd Sparks, NV.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Prime river frontage.; 169-acre industrial parcel suitable for warehouse, truck terminal, mini-warehouse, or light industrial development.; Significant portion of land is developable.
    Request Owner's contact information
    1-80 & Peri Rnch Rd Sparks, NV 89434
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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
    1-80 & Peri Rnch Rd Sparks, NV 89434
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