Technical
Financial
Distress signals
Property profile

1420 Kleppe Ln Sparks, NV 89431

OFF-MARKET
Warehouses
Property ID
US62-0042848
147,077 SF 13.24 ac lot Built 1976
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 147,077 SF
Lot 13.24 ac (576,517 SF)
Zoning code I
APN 034-391-07
UPID US62-0042848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1420 Kleppe Ln Sparks, NV 89431-6427
Sparks metro Census 3111 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2023
Last sale
$91.2M
7 recorded transactions
2024
Price N/A
2023
$91.2M
2019
$50.2M
2016
$19.4M
2007
Price N/A
2007
$7.5M
1993
$7.0M

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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