873 Deming WaySparks, NV 89431

  • Industrial properties
  • 27,020 SF
For Sale
$5,280,015 View listing

Property Details for 873 Deming Way

Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.85 AC
Property size (Sq ft)
27,020 SF
Zone code
I
Property type
Industrial properties
Property subtype
Other warehouses
APN
034-262-24
APU
3426224

Description

This exceptional 27,077-square-foot industrial warehouse, located at 873 Deming Way in Sparks, Nevada, presents a compelling owner-user or investment opportunity. The single-story, concrete tilt-up building boasts a 20-foot clear height throughout, providing ample space for various industrial uses. Built in 1978 and extensively renovated in 2023, the property features three 10' x 9' dock-high doors, ensuring efficient loading and unloading. The recent renovations included a new roof, updated roll-up doors, upgraded lighting, fresh paint, and a revitalized parking lot. The warehouse also includes pre-installed private offices and restrooms. Power is supplied by a robust 400-amp, 277/480V, 3-phase, 4-wire system. Situated on a 0.852-acre lot, the property is conveniently located just one mile from the I-80/Sparks Boulevard interchange, providing easy access to major transportation routes. The asking price is $5,280,015, translating to $195 per square foot. The property is zoned I (Industrial) and is currently vacant. This is a rare opportunity to acquire a well-maintained, strategically located industrial warehouse in the thriving Sparks industrial submarket. The property's recent upgrades and prime location make it an ideal choice for businesses seeking efficient and modern warehouse space. The APN is 034-262-24.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,648,073
    Hospitality
    $4,257,610
    Educational
    $3,542,281
    Medical
    $3,664,106
    Retail
    $5,510,216
873 Deming Way, Sparks, Nevada
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Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.5257
Longitude
-119.723
CBSA code
39900
CBSA name
RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,207
$111,094
$188,776
$299,870
-
$317,410
$539,360
$856,770

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