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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1645 Crane Way Sparks, NV 89431-5610

    • Manufacturing properties
    • 56,535 SF
    • 2.33 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2022
    $13,578,804
    Value Estimations
    $11,660,000
    Show details
    Cap Rate Potential
    2.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US62-0766621
    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.

    Current Use by Public Records

    • Sierra Soda Blasting / Auto Restoration Service / Building Restoration Service
    • C & C Automotive Specialties / Car Repair And Maintenance Service
    • Tahoe-Reno Extractions / Corporate Office

    Property Details for 1645 Crane Way

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.33 lot acres
    Property size
    56,535 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    032-250-41
    APU
    3225041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,670,000
      ML approach
      $9,630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,631,000
      Market price range: $11.6M - $31.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $16,310,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $18,665,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $15,150,000
      Change: -7% Conversion: Moderate
      OFFICE BUILDING
      $14,605,000
      Change: -10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $14,180,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.764
    Latitude
    39.532
    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
    $46,593
    $240,092
    $644,500
    $884,592
    -
    $685,976
    $1,841,429
    $2,527,405

    Comparable in this City

    • Value Estimation
      $690,000
      30,000 SF

      620 Greg St

      MANUFACTURING (LIGHT) • 30,000 SF
      620 Greg St, Sparks, NV 89431-6103
      View Details
    • Value Estimation
      $355,000
      5,096 SF

      1475 Hymer Ave

      MANUFACTURING (LIGHT) • 5,096 SF
      1475 Hymer Ave, Sparks, NV 89431-5613
      View Details
    • Value Estimation
      $525,000
      18,000 SF

      955 Deming Way

      MANUFACTURING (LIGHT) • 18,000 SF
      955 Deming Way, Sparks, NV 89431-6450
      View Details
    • Value Estimation
      $320,000
      7,808 SF

      1355 Glendale Ave

      MANUFACTURING (LIGHT) • 7,808 SF
      1355 Glendale Ave, Sparks, NV 89431-6418
      View Details
    • Value Estimation
      $485,000
      20,092 SF

      1685 Industrial Way

      MANUFACTURING (LIGHT) • 20,092 SF
      1685 Industrial Way, Sparks, NV 89431-6013
      View Details
    • Value Estimation
      $325,000
      4,425 SF

      1961 Pacific Ave

      MANUFACTURING (LIGHT) • 4,425 SF
      1961 Pacific Ave, Sparks, NV 89431-5540
      View Details

    Similar Nearby for Sale

    • $9,500,000
      57,320 SF

      Sparks Industrial Building For Sale

      Freestanding industrial building in Sparks, fully leased to single tenant.
      1301 E Glendale Ave, Sparks, NV 89431
      View Details
    • Contact for pricing
      233,564 SF

      Sparks Industrial Facility with Cold Storage

      233,564 SF industrial facility featuring cold storage and secure perimeter.
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    • $1,299,000
      3.01 Acres

      Reno Industrial Land - 3 Acres

      Prime industrial land near I-580/395.
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    • $20,582,000
      123,400 SF

      Sparks Warehouse and Industrial Property

      Large industrial property in Sparks, Nevada, available for sale.
      1205-1225 Icehouse Ave, Sparks, NV 89431
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    • $4,900,000
      22,968 SF

      Sparks Industrial Complex: $4.9M

      Multi-tenant industrial property, high ROI.
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      View Details
    • $4,810,000
      23,845 SF

      Sparks Industrial Net-Leased Opportunity

      Net-leased industrial building in Sparks, renovated in 2022.
      865-871 Deming Way, Sparks, NV 89431
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      44,000 SF

      Sparks Industrial Warehouse For Lease

      44,000 SF Warehouse, Excellent Location
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      View Details
    • $14 SF/Yr
      9,940 SF

      Sparks Industrial Warehouse For Lease

      9,940 SF Warehouse; Excellent Sparks Location
      320 Coney Island Dr, Sparks, NV 89431
      View Details
    • $2,839 /Mo
      860 SF

      Small Warehouse in Sparks

      Small warehouse with roll-up door, office, and private restroom.
      75 Bank St, Sparks, NV 89431
      View Details
    • $14 SF/Yr
      23,460 SF

      Industrial Warehouse Space Available

      23,460 SF warehouse space available for lease.
      1385 Greg St, Sparks, NV 89431
      View Details
    • Contact for pricing
      1,404 SF

      Sparks Flex/Industrial Space Available

      Flex/industrial space available for rent in Sparks, Nevada.
      7-87 Glen Carran Cir, Sparks, NV 89431
      View Details
    • Contact for pricing
      16,352 SF

      Sparks Warehouse Space Available

      Corner warehouse space in Sparks I-80 submarket for lease.
      810-830 Meredith Way, Sparks, NV 89431
      View Details
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    1645 Crane Way
    Sparks, NV 89431-5610
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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