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Property profile & analytics
OFF-MARKET Estimated value $2,930,000
Warehouses

1300 Glendale Ave Sparks, NV 89431-6417

39,400 SF 2.19 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
Property ID
US62-0319703
Property summary
AI-generated overview

This exceptional 39,400-square-foot industrial warehouse, situated on 2.19 acres in East Sparks, Nevada, presents a significant leasing opportunity. The property boasts 15,200 square feet of readily available space, complemented by 1,562 square feet of office area (1,052 square feet on the first floor and 510 square feet on the second). The warehouse features a 21-foot ceiling height at the first column, with 50' x 20' column spacing, ensuring efficient use of space. Loading and unloading are facilitated by five dock-high doors and one drive-in door. The property includes a substantial 15,000-square-foot fenced and paved yard, ideal for storage or maneuvering. The building is equipped with a .40/2500 fire suppression system, 200A/208V 3-phase power, and benefits from two Cambridge warehouse heaters and office HVAC. Built in 1979, the single-story structure features tilt-up concrete construction and a newer TPO roof installed in August 2018. Skylights provide ample natural light. Utilities include Truckee Meadows Water Authority (TMWA) water service, city sewer, and NV Energy electric and gas service. The property is zoned Industrial (I) and has a Washoe County APN of 034-261-05. This endcap space presents a compelling opportunity for businesses seeking efficient and well-maintained industrial space in a prime East Sparks location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 39,400 SF
Lot 2.19 ac (95,396 SF)
Zoning code I
APN 034-261-05
UPID US62-0319703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sierra Welding Supply Co Big Box & Wholesale Store Building Supply
  • Linde Welding Gas & Equipment Center Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.93M
Owner & transaction history
Glendale Ave Properties LLC · 4 yrs held
Glendale Ave Properties LLC
since 2021
6 recorded transactions
2022
Price N/A
2021
$8.7M
2018
Price N/A
1994
$780,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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