Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1-80 & Peri Rnch Rd Sparks, NV 89434

    • Land
    • 169.00 lot acres
    For Sale
    View listing
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1-80 & Peri Rnch Rd

    Lot size
    169.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 169-acre industrial development property is strategically located at the intersection of I-80 and Peri Ranch Road in Sparks, Nevada (zip code 89434), Storey County. Zoned for industrial use, this expansive parcel presents a unique opportunity for significant development. The asking price is $7,000,000, translating to an attractive price per acre of $41,420. The land boasts a combination of flat and hillside terrain, suitable for a variety of industrial projects including warehouses, truck parking facilities, mini-warehouses, and light industrial uses. A substantial portion of the land is readily usable for development. The property's location offers convenient access to major transportation arteries, being just 9 miles east of Reno/Sparks. Existing infrastructure includes readily available utilities, sewer, and waste disposal services. River frontage adds further value and potential development options. The seller is open to considering the sale of a large portion of the land, providing flexibility for various investment strategies. This is a rare opportunity to acquire a large, well-situated industrial land parcel in a rapidly growing area of Nevada.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Storey
    State
    Nevada
    Longitude
    -119.632
    Latitude
    39.5096

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      Usa Pkwy

      Land • 1.51 Acres
      0 Usa Pkwy, Sparks, NV 89434
      View Details
    • Value Estimation by Request
      11.22 Acres

      650 Denmark Dr

      Land • 11.22 Acres
      650 Denmark Dr, McCarran, NV 89434
      View Details
    • Value Estimation by Request
      3.43 Acres

      800 Venice Dr

      Land • 3.43 Acres
      800 Venice Dr, Patrick, NV 89434
      View Details
    • Value Estimation by Request
      15.01 Acres

      Venice Dr

      Land • 15.01 Acres
      0 Venice Dr, Patrick, NV 89434
      View Details
    • Value Estimation by Request
      169.00 Acres

      1-80 & Peri Rnch Rd

      Land • 169.00 Acres
      1-80 & Peri Rnch Rd, Sparks, NV 89434
      View Details
    • Value Estimation by Request
      5.04 Acres

      105 Silicon Dr

      Land • 5.04 Acres
      105 Silicon Dr, McCarran, NV 89434
      View Details

    Similar Nearby for Sale

    • $7,000,000
      169.00 Acres

      I-80 Industrial Land Development

      169 Acres, Prime Nevada Location. Excellent Investment.
      1-80 & Peri Rnch Rd, 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
    • $1,500,000

      Land Available in Sparks

      Land for sale on Scheels Dr, Sparks, NV.
      Scheels Dr, Sparks, NV 89434
      View Details
    • 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
    • Contact for pricing
      19,200 SF

      Industrial Property in Tahoe Reno

      19,200 SF industrial property within Tahoe Reno Industrial Center.
      635 Denmark Dr, Sparks, NV 89434
      View Details
    • Contact for pricing

      Industrial Land Near Tesla Gigafactory

      17.67 acres of industrial land for sale near I-80.
      150 Denmark Dr, McCarran, NV 89434
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Sparks

      Land available for lease in Sparks, Nevada.
      620 Waltham Way, Sparks, NV 89434
      View Details
    • $20,000 /Mo

      Land for Rent in Sparks

      Land available for rent in Sparks, Nevada.
      2729 Waltham Way, Sparks, NV 89434
      View Details
    • $168,000
      2,000 SF

      Prime Retail Pad in Tahoe-Reno Industrial Center

      2,000 SF Retail Space, .46 Acres, High Traffic
      0 Usa Pkwy, Sparks, NV 89434
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Sparks, Nevada.
      11998 Interstate 80 E, Sparks, NV 89434
      View Details
    • Contact for pricing
      161,093 SF

      Palisade Wildhorse: Premier Industrial Space

      161,093 SF Flex/Warehouse in Sparks, NV
      99 Wild Horse Cyn Dr, Sparks, NV 89434
      View Details
    • $0.58 SF/Yr
      274,560 SF

      Sparks Warehouse Space Available

      274,560 SF warehouse space available for lease.
      450 E Sydney Dr, 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.
    1-80 & Peri Rnch Rd
    Sparks, 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

    Google sign-in failed. Please try again or use another login method.