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Property profile & analytics
OFF-MARKET
Warehouses

1400 Kleppe Ln Sparks, NV 89431-6426

60,000 SF 2.82 ac lot Built 1976
Entity Owned 2-yr Hold Free & Clear
Property ID
US62-0434449
Property summary
AI-generated overview

This exceptional 60,000-square-foot industrial property, situated on 2.82 acres in Washoe County, presents a significant opportunity. The single-story building, constructed in 1976 and renovated in 2017, boasts a 20-foot clear ceiling height, ideal for various manufacturing and distribution needs. The space includes 24,000 square feet of immediately available space, complemented by 2,500 square feet of climate-controlled office space. Loading and unloading are efficient with four dock-high doors and one drive-in door. The property features a robust power supply of 12,000 amps, 480V/3P, along with a .33/3000 sprinkler rating and a 4-inch high-pressure gas main. Ample parking is available, enhanced by a substantial 20,000-square-foot fenced yard. Its strategic location offers easy access to major transportation arteries, including three I-80 on/off ramps, Highway 395/I-580, and is conveniently close to UPS and FedEx shipping hubs. The property is zoned for industrial use and has a Washoe County APN of 034-391-02. The building features a 40' x 60' column spacing. Cross street is Sparks Blvd. This property is perfect for businesses seeking efficient operations and prime logistics.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 60,000 SF
Lot 2.82 ac (122,752 SF)
Zoning code I
APN 034-391-02
UPID US62-0434449
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
  • Badger Paper Into Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
G&i Xi Sparks Associates LP · 2 yrs held
G&i Xi Sparks Associates LP
since 2023
Last sale
$91.2M
5 recorded transactions
2023
$91.2M
2019
$50.2M
2016
$19.4M
2007
Price N/A
2007
$3.1M
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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