Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    727 Milan Dr McCarran, NV 89434
    Back to Search
    Property profile & analytics

    727 Milan Dr, McCarran, NV 89434

    View on Map
    • Warehouses
    • 663,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Novo Logistics / Freight Service / Logistics Company
    • Pregis / Industrial Manufacturer / Production Facility
    • STORD RNO4 / Warehouse & Storage

    Property Details for 727 Milan Dr

    Year built
    2021
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 663,600 square foot warehouse, constructed in 2021, is situated in the prestigious Tahoe Reno Industrial Centre (TRIC) in Sparks, Nevada. The single-story building boasts a 36-foot ceiling height, providing ample vertical space for efficient storage and operations. The property features 12 loading docks and one drive-in door, ensuring smooth and efficient loading and unloading processes. With a total of 316 parking spaces, ample parking is available for employees and visitors. This strategically located warehouse offers convenient access to major transportation arteries, including US 95, US 395/US 580, and Interstate 80, facilitating seamless distribution throughout eleven western states. Currently, approximately 180,470 square feet of space is available for lease. The property sits on a 36.81-acre lot and is part of a thriving industrial center, home to numerous prominent companies including Tesla, Zulily, Apple, Google, Walmart, Home Depot, and PetSmart. Two convenient access points off Milan Drive further enhance accessibility. This warehouse presents a unique opportunity for businesses seeking a modern, efficient, and strategically located facility within a dynamic industrial park. The property is located in Storey County, Nevada, with a Sparks mailing address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McCarran
    County
    Storey
    State
    Nevada
    Longitude
    -119.451
    Latitude
    39.5498

    Comparable in this City

    • Value Estimation by Request
      161,093 SF

      99 Wild Horse Cyn Dr

      Distribution properties
      99 Wild Horse Cyn Dr, Sparks, NV 89434
      View Details
    • Value Estimation
      $16,745,000
      146,880 SF

      355 Vis Blvd

      DISTRIBUTION WAREHOUSE
      355 Vis Blvd, Sparks, NV 89434-9627
      View Details
    • Value Estimation by Request
      117,198 SF

      55 Vis Blvd

      WAREHOUSE, STORAGE
      55 Vis Blvd, Sparks, NV 89434-9506
      View Details
    • Value Estimation
      $12,650,000
      622,571 SF

      555 Vis Blvd

      WAREHOUSE, STORAGE
      555 Vis Blvd, Sparks, NV 89434-9662
      View Details
    • Value Estimation
      $9,630,000
      110,000 SF

      2070 Brierley Way

      WAREHOUSE, STORAGE
      2070 Brierley Way, Sparks, NV 89434-9615
      View Details
    • Value Estimation
      $6,655,000
      260,000 SF

      250 Vis Blvd

      WAREHOUSE, STORAGE
      250 Vis Blvd, Sparks, NV 89434-6648
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Industrial Property in Opportunity Zone

      Industrial property with office space, located in an Opportunity Zone.
      350 Salomon Cir, Sparks, NV 89434
      View Details
    • $7,000,000
      169.00 Acres

      Riverfront Industrial Land - Sparks, NV

      169 Acres, Industrial Zoning, Excellent Development Potential.
      1-80 & Peri Rnch Rd, Sparks, NV 89434
      View Details
    • Contact for pricing

      169 Acres Development Land Sparks

      169+ acres of development land near Reno/Sparks.
      I-80 & Peri Rnch Rd, Sparks, NV 89434
      View Details
    • Contact for pricing

      169+ Acres Development Land

      Development land with great location off I-80.
      1-80 & Peri Rnch Rd, Sparks, NV 89434
      View Details
    • Contact for pricing

      Land Available in Sparks

      Land for sale on Scheels Dr, Sparks, NV.
      Scheels Dr, Sparks, NV 89434
      View Details
    • $1,500,000

      Retail Property in Sparks, Nevada

      Retail property accommodating two tenants in Sparks, Nevada.
      1351 E Prater Way, Sparks, NV 89434
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      282,000 SF

      Sparks Warehouse Space Available

      220,000 SF warehouse space with office available for lease.
      2777 Usa Pkwy, Sparks, NV 89434
      View Details
    • Contact for pricing
      161,093 SF

      Industrial Space in Tahoe Reno

      New 161,093 SF industrial space for lease.
      99 Wild Horse Cyn Dr, Sparks, NV 89434
      View Details
    • Contact for pricing
      180,470 SF

      Modern Distribution Warehouse Space

      Available warehouse space with office, dock doors, and high ceilings.
      727 Milan Dr, Sparks, NV 89434
      View Details
    • Contact for pricing
      692,720 SF

      McCarran Industrial Warehouse Space

      Large industrial warehouse space available for lease in McCarran.
      265 Milan Dr, McCarran, NV 89434
      View Details
    • Contact for pricing
      436,800 SF

      Sparks Warehouse Space Available

      Large warehouse space available for lease in Sparks, Nevada.
      100 Wild Horse Cyn Dr, Sparks, NV 89434
      View Details
    • Contact for pricing

      Flexible Warehouse and Office Space

      Adaptable warehouse and office spaces with comprehensive amenities available for rent.
      250 Vista Blvd, Sparks, NV 89434
      View Details
    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.
    727 Milan Dr
    McCarran, NV 89434
    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
    727 Milan Dr, McCarran, NV, 89434
    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!