This exceptional 3.74-acre commercial land portfolio in Sparks, Nevada, presents a unique investment opportunity. Located at the corner of Los Altos Parkway and Ion Drive, this property boasts two build-ready pads with existing parking, landscaping, and utilities. Parcel 516-224-02 encompasses approximately 1.82 acres and is priced at $1,661,541 ($21/SF), while parcel 516-224-03 comprises approximately 1.92 acres, listed at $1,504,368 ($18/SF). The combined asking price for both parcels is $3,165,909. Currently zoned PD, the property allows for a wide range of uses, including banks, financial institutions, professional offices, medical offices, veterinary clinics, dental offices, training centers, vocational and trade schools, and more. A Special Use Permit may allow for additional uses such as daycares and places of worship. The seller is actively working with the City of Sparks to expand permitted uses to include retail and drive-thrus, subject to final city approval. This prime location offers excellent visibility and proximity to Saint Mary's and Reno Orthopaedic Clinic, making it ideal for medical providers and other businesses seeking to serve the growing Sparks community. The parcels are separately deeded but can be sold together. Note that the buildable land areas do not directly connect. This is a rare opportunity to acquire strategically located commercial land in a thriving Nevada market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.