126 Victorian Ave Sparks, NV 89431
This exceptional investment opportunity presents a 5,200 square foot commercial building situated on a 0.25-acre lot at 126 Victorian Avenue in Sparks, Nevada. The property boasts a strong tenant base, currently occupied by a thriving convenience store and a nail salon, ensuring immediate cash flow. Adding to the income potential are six residential units: two two-bedroom, one-bathroom apartments and four one-bedroom, one-bathroom apartments. While the convenience store owner is open to selling their established business, this presents an additional avenue for revenue generation or operational synergy. The property's current rental income is enhanced by the potential for increased returns, as several one-bedroom apartments are currently rented below market value, offering a clear path for value-add improvements. This versatile property is ideal for both investors seeking a stable, high-yield portfolio addition and owner-users looking to combine commercial and residential income streams. The prime location on Victorian Avenue provides excellent visibility and accessibility, further enhancing its appeal and investment potential. The property's diverse income streams and potential for future growth make it a compelling opportunity in the thriving Sparks, Nevada market. This is a rare chance to acquire a well-established, multi-faceted property with significant upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.