Technical
Financial
Distress signals
Property profile

1400 Kleppe Ln Sparks, NV 89431

OFF-MARKET
Warehouses
Property ID
US62-0434449
60,000 SF 2.82 ac lot Built 1976
Entity Owned 2-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store

Location

1400 Kleppe Ln Sparks, NV 89431-6426
Sparks metro Census 3111 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

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
Zoning description

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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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