Entity Owned Property summary
This exceptional investment opportunity presents a 6,594 square foot warehouse situated on a 1.21-acre lot in Sparks, Nevada. Built in 2006, the single-story building features 11' to 15' ceilings and offers 12 parking spaces. Currently generating a NOI of $68,664, resulting in a 3.43% cap rate, the property boasts significant upside potential with a pro-forma NOI of $144,000 and a pro-forma cap rate of 7.20%. The property is zoned I and includes two units, each priced at $1,000,000. The asking price for the entire property is $2,000,000, translating to a price per square foot of $303.31. Located at 130 Circuit Ct, Sparks, NV 89436 (APN 53047039), this warehouse presents a compelling investment prospect with strong potential for increased profitability. The property's strategic location in Washoe County offers convenient access to major transportation routes and a thriving business community. This is an ideal opportunity for investors seeking a high-yield industrial property with significant value-add potential.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
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Cafe & Coffee Shop
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Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I · Sparks, NVI district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in Sparks, NV.
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