Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Greenbrae Commons Retail/Office Space Title is generated by Realmo AI

    670 Greenbrae Dr, Sparks, NV 89431

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office and retail spaces for rent in Sparks, Nevada.

    Type:Office
    Added:
    Mar 27, 2023
    Days on Market:
    1162
    Last Refresh:
    May 12 at 9:51 pm

    Property Features for 670 Greenbrae Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1964

    Spaces For Lease

    at 670 Greenbrae Dr Contact us

    Suite 636 $1.50/Mo

    Size
    1,620 SF
    Type
    Office
    1,620 SF of Retail Space
    Contact us

    Suite 220 $1.71/Mo

    Size
    700 SF
    Type
    Office
    Contact us

    Suite 240 $1.52/Mo

    Size
    560 SF
    Type
    Office
    See flyer for details
    Contact us

    Suite 230 $1.52/Mo

    Size
    328 SF
    Type
    Office
    See flyer for details.
    Contact us

    Suite 616 $1.50/Mo

    Size
    2,744 SF
    Type
    Office
    Office and retail space available in the Greenbrae Commons Shopping Center Complex....
    show more
    Contact us

    Suite 234 $1.48/Mo

    Size
    590 SF
    Type
    Office
    See flyer for details
    Contact us
    Show more

    We can help!

    Listing Contact
    Melissa Molyneaux
    Melissa Molyneaux

    Listing agent Melissa Molyneaux License #NV BS.0144599

    Listing office Colliers - Reno, Nevada

    Listing date Mar 27, 2023

    Source Crexi

    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 Colliers - Reno, Nevada

    HighLights

    • Located in the Greenbrae Commons Shopping Center Complex.
    • High‑traffic location at the intersection of Pyramid Way and Greenbrae Drive in Sparks, NV.
    • Easy access to I‑80 and McCarran Boulevard.
    • Proximity to numerous retail establishments, parks, and housing.
    • Ample surface‑level parking.
    • Office and retail space available.

    Overview

    Office and retail space are available for rent within the Greenbrae Commons Shopping Center Complex, situated in Sparks, Nevada, at the intersection of Pyramid Way and Greenbrae Drive. The location provides accessibility to I-80 and McCarran Boulevard. The property is near retail establishments, parks, and housing. Surface-level parking is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Results Transformation Center Gym & Fitness Center T-Fit Athletics Gym & Fitness Center ATM Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7515848
    Latitude
    39.5485382

    Nearby Similar for Lease

    • $1.25 SF/Yr
      4,777 SF

      Restaurant Space in High-Traffic Area

      Retail space built out as a restaurant in Sparks, Nevada.
      2300-2360 Oddie Boulevard, Sparks, NV 89431
      View Details
    • $1.30 SF/Yr
      4,425 SF

      Flex Industrial Space For Lease

      Flex industrial space ideal for contractors, trades, and fabricators.
      1961 Pacific Ave, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr
      14,432 SF

      Remodeled Office Building Near Amenities

      Two-story office building with rent-ready suites and conference room.
      1855 Sullivan Lane, Sparks, NV 89531
      View Details
    • $1.25 SF/Yr
      8,400 SF

      Industrial Building in Sparks Submarket

      11,400 SF industrial building with dock and grade doors.
      610 E Glendale Ave, Sparks, NV 89431
      View Details
    • $4,708/Mo
      4,708 SF

      Sparks Industrial Facility For Rent

      Industrial facility in Sparks, NV, featuring office space.
      702 Spice Islands Dr, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr
      2,526 SF

      Sparks Warehouse with Drive-Through Access

      2,526 SF warehouse with drive-through and private offices.
      155 Glendale Ave, Sparks, NV
      View Details
    • Contact for pricing
      2,449 SF

      Medical Suite in Sparks

      2,449 SF medical suite available for lease.
      5070 Ion Dr Suite 201, Sparks, NV 89436
      View Details
    • Contact for pricing
      25,370 SF

      Modern Office Building with Garage

      Renovated office building with garage in Tahoe Reno Industrial Center.
      610 Waltham Way, Sparks, NV 89437
      View Details
    • $8 SF/Yr
      20,400 SF

      Sparks Commercial Property for Rent

      Commercial property available for lease in Sparks, Nevada.
      945 Spice Islands Dr, Sparks, NV 89431
      View Details
    • $3,000/Mo
      807 SF

      Sparks Commercial Space with Garages

      Versatile commercial space in Sparks with office and garage units.
      1953 1/2 Prater Way, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr
      10,000 SF

      Sparks Warehouse with Office/Showroom

      10,000 SF warehouse space with office and showroom.
      911 Linda Way, Sparks, NV
      View Details
    • $0.60 SF/Yr
      180,470 SF

      Modern Distribution Warehouse Space

      Available warehouse space with office, dock doors, and high ceilings.
      727 Milan Dr, Sparks, NV
      View Details

    FAQs

    What type of property is this?
    Office units - Office and retail spaces for rent in Sparks, Nevada.
    Where is this office units located?
    The property is located at 670 Greenbrae Dr Sparks, NV.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Located in the Greenbrae Commons Shopping Center Complex.; High‑traffic location at the intersection of Pyramid Way and Greenbrae Drive in Sparks, NV.; Easy access to I‑80 and McCarran Boulevard.
    (775) 333-6969 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melissa Molyneaux
    Melissa Molyneaux
    Real Estate License ID: NV BS.0144599
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    670 Greenbrae Dr, Sparks, NV 89431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!