Property profile

1007 Greg St Sparks, NV 89431

OFF-MARKET
Industrial properties
34,200 SF 2.1 ac lot Built 1967
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Property summary

AI-generated overview

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 profile

Verified
Property type Industrial properties
Year built 1967
Total area 34,200 SF
Lot 2.1 ac (91,476 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Waste Management Facility

Location

1007 Greg St Sparks, NV 89431
Sparks metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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