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Financial
Distress signals
Property profile

1025 Waltham Way Sparks, NV 89437

FOR LEASE
Other industrial properties
Property ID
US62-0346898
432,320 SF 25.93 ac lot
Last sale Nov 2021 · $6,475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A warehouse distribution facility within a 433,120 SF total building footprint, offering 345,760 SF of divisible industrial space. The available area can be configured into Suite B (101,917 SF) and Suite C (243,043 SF), with additional office space that includes a 4,627 SF existing office and a 2,884 SF spec office that was planned and permitted. Warehouse features include 36-foot clear height, 56' x 50' column spacing, ESFR sprinkler protection, and loading access served by two grade-level…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$329k
Tax billed · 2023
Assessed value$9.61M
Assessed land$807k
Assessed improvement$8.81M
Effective rate3.42%

Value estimate

· Oct 2026
$7.03M
$6.32M – $7.73M
AI approach$7.74M
Submarket $/SF estimate$8.36M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$413/SF
Submarket average, outlier-cleaned · 88 recorded sales of this use type
Observed band · Q1–Q3$157 – $854

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-2
JurisdictionSTOREY

Location intelligence

Which uses thrive at this corner?

Location

1025 Waltham Way Sparks, NV 89437
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
450 Pittsburgh, Sparks, NV 89437-6506 $53,900,000 Jul 2024 354,640 SF
500 Denmark, Sparks, NV 89437 $41,662,000 Jun 2024 322,400 SF
75 Pittsburgh, Sparks, NV 89437-6507 $61,991,394 Aug 2023 489,440 SF
1500 Waltham, Sparks, NV 89437-6603 $79,600,000 Oct 2022 596,400 SF
655 Waltham, Sparks, NV 89437-6695 $6,935,000 Jun 2022 332,640 SF
550 Milan, Sparks, NV 89437-5606 $10,063,666 Jun 2019 610,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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