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    1007 Greg St Sparks, NV 89431

    Sponsored
    For Lease
    $11 SF/Yr

    5,000 SF Flex Space Available Now

    Lot size:
    34,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 34,200 square foot industrial flex building, situated on a 2.1-acre lot in the Sparks Industrial submarket of Sparks, Nevada, presents a unique investment opportunity. Built in 1967 and renovated in 2019, the Class B property features seven suites within a single, one-story building. Currently, 5,000 square feet of space is immediately available, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 5,000 square feet. The property boasts a 16-foot ceiling height, two loading docks, twelve drive-in doors, and ample parking with 48 total spaces. The convenient location offers excellent frontage on Greg Street and easy access via Cross Street Marietta. Zoned I, the property features an APN of 034-112-40. One available suite (995) offers approximately 800 square feet of office space, overhead doors at both the front and rear for convenient loading, and access to fenced common rear parking. Stable net, net, net (NNN) expenses are only $0.18 per square foot per month. The property is available for occupancy on October 1, 2024.

    Property Features for 1007 Greg St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,200 SF
    Class
    B
    Total Rate
    33858

    Building Details

    Year Built/Renovated
    1967/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    995 Greg
    Size
    5,000 SF
    Rate per SF
    $11

    HighLights

    • 34,200 SF industrial flex building on a 2.1‑acre lot in Sparks, NV.
    • Class B property, built in 1967, renovated in 2019.
    • 5,000 SF immediately available, divisible in 5,000 SF increments.
    • Features 16' ceilings, two loading docks, twelve drive‑in doors, and 48 parking spaces.
    • Excellent Greg Street frontage, easy Cross Street Marietta access.
    • Zoned I, APN 034‑112‑40.
    Property Profile Location Intelligence

    Current Use by Public Records

    Admiral Dumpster Rental Garbage Dump Service

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.75514937578
    Latitude
    39.521780314549

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF Flex Space Available Now
    Where is this flex space located?
    The property is located at 1007 Greg St Sparks, NV.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 34,200 SF industrial flex building on a 2.1-acre lot in Sparks, NV.; Class B property, built in 1967, renovated in 2019.; 5,000 SF immediately available, divisible in 5,000 SF increments.
    Request Owner's contact information
    1007 Greg St Sparks, NV 89431
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    Sparks, NV 89431
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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
    1007 Greg St Sparks, NV 89431
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