4830 Vista Blvd Sparks, NV 89436
- Office buildings
- 12,734 SF
- 0.33 lot acres
Current Use by Public Records
- Jiu-JItsu Kids Sparks / Sports School / Youth Club
- Vocal Motion Musicals / Association / Organization
Property Details for 4830 Vista Blvd
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 0.33 lot acres
- Property size
- 12,734 SF
- Zone code
- C2
- Property type
- Office buildings
- APN
- 516-321-06
- APU
- 51632106
Description
This exceptional 12,734 square foot office building in Sparks, Nevada, presents a compelling value-add investment opportunity for owner-users. Located at 4830 Vista Blvd, this single-story, Class B building sits on a 1.5-acre lot (APN 516-321-06) and was constructed in 2006. The property is zoned C2 and offers flexible space suitable for executive, medical, or creative office uses. Currently, the building boasts 32% occupancy with short-term leases in place for Units 106 and 110. Unit 108, a former martial arts studio, and the remaining shell space provide significant potential for owner-user customization and expansion. The asking price is $2,300,000, translating to $180.62 per square foot. This multi-tenant property offers a unique blend of immediate income generation from existing tenants and substantial upside potential through lease-up and building improvements. The property's prime location in Sparks, Washoe County, Nevada (zip code 89436) provides excellent access to major transportation routes and a thriving local economy. This is an ideal opportunity for an investor seeking a hands-on project with strong potential for return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $530,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $615,000
- Retail
- $525,000
- Mixed-Use
- $610,000
- Hospitality
- $575,000
- Educational
- $600,000
- Residential Income
- $600,000
- Energy
- $720,000
- Income-Based Land
- $685,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.718
- Latitude
- 39.5785
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA