5342 Sparks BlvdSparks, NV 89436

Property Details for 5342 Sparks Blvd

Year built

2008

Construction

WOOD

Lot size

0.80 AC

Property size (Sq ft)

6,446 SF

Zone code

PD

Property type

Retail properties

Property subtype

Strip malls

APN

516-380-40

APU

51638040

Description

This exceptional 1,645 square foot retail space, located at 5342 Sparks Blvd Suite 104, Sparks, NV 89436, is perfectly situated for a restaurant operator. Part of a single-story, 6,446 square foot building constructed in 2008, this suite is one of three within the building. The property boasts a convenient location near the intersection of Sparks Blvd and Los Altos Crossing, offering excellent visibility and accessibility. The space features a fully built-out pizza restaurant layout, including a pizza hood, walk-in cooler, a large kitchen area, and some existing seating. Ample on-site parking is available for patrons and employees. The property is zoned PD and has a total building size of 6,446 square feet. The building is located in the Sparks submarket and benefits from proximity to shopping malls and dense residential areas, ensuring a strong customer base. The APN is 516-380-40. This turnkey opportunity presents a significant advantage for a quick start-up or relocation. The vacant space offers immediate occupancy, eliminating the need for extensive build-out. This is an ideal location for a restaurant seeking a well-equipped space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,084

  6.5%

  $1,314,539

  7%

  $1,220,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,719,695

  Geo Method

  $3,719,695

• Alternative Use

  Use

  Valuation

  Residential

  $1,108,863

  Hospitality

  $1,015,712

  Educational

  $845,061

  Medical

  $874,124

  Retail

  $1,314,539

Location Insight

City

Sparks

County

Washoe

State

Nevada

Latitude

39.5894

Longitude

-119.727

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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