130 Circuit Ct Sparks, NV 89441-5211
Property profile & analytics
130 Circuit Ct, Sparks, NV 89441-5211
- Office buildings
- 6,594 SF
- 1.21 lot acres
Property ID
US62-0403174
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sierra Design Concrete / Construction Company / General Contractor
- Starbucks / Cafe & Coffee Shop
- BreathRox / Department Store
Property Details for 130 Circuit Ct
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 1.21 lot acres
- Zone code
- I
- Property type
- Office buildings
- APN
- 530-470-29
- APU
- 53047029
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,660,000
- 6.5%
- $1,530,000
- 7%
- $1,420,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,797,000
Market price range: $1.19M - $2.79M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,825,000 Current use
- INDUSTRIAL (GENERAL)
- $2,720,000 Change: +49% Conversion: Difficult
- MEDICAL BUILDING
- $2,305,000 Change: +26% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,280,000 Change: +25% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,175,000 Change: +19% Conversion: Easy
- RETAIL STORES
- $2,005,000 Change: +10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.707
- Latitude
- 39.6725
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,328
$74,033
$279,507
$353,540
-
$211,524
$798,591
$1,010,115
