Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1645 Crane Way Sparks, NV 89431-5610
    Back to Search
    Property profile & analytics

    1645 Crane Way, Sparks, NV 89431-5610

    View on Map
    • Manufacturing properties
    • 56,535 SF
    • 2.33 lot acres
    Off-Market
    Last Sale Jul 1, 2022
    $13,578,804
    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.
    Value Estimations
    $12,020,000
    Show details
    Cap Rate Potential
    2.6%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Sierra Soda Blasting / General Contractor / Renovation Specialist
    • C & C Automotive Specialties / Auto Repair Shop / Vehicle Inspection Center
    • 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
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    032-250-41
    APU
    3225041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2022 $13,578,804 Nlcp 1645 Crane Way Nv LLC Dwc Investments LLC Special Warranty Deed —
    Oct 12, 2018 — Dwc Investments LLC Washoe Wellness LLC Grant Deed —
    Sep 1, 2017 $2,775,000 Washoe Wellness LLC Fuchs Investments LLC Grant Deed $2.5M · Starker Svcs

    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
      MEDICAL BUILDING
      $19,775,000
      Change: +21% Conversion: Difficult
      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 estimation — 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 by Request
      44,000 SF

      680 Overmyer Rd

      Manufacturing properties
      680 Overmyer Rd, Sparks, NV 89431
      View Details
    • Value Estimation
      $36,950,000
      448,000 SF

      909 Glendale Ave

      MANUFACTURING (LIGHT)
      909 Glendale Ave, Sparks, NV 89431-6412
      View Details
    • Value Estimation
      $11,000,000
      53,395 SF

      599 Nugget Ave

      MANUFACTURING (LIGHT)
      599 Nugget Ave, Sparks, NV 89431-5848
      View Details
    • Value Estimation
      $2,760,000
      41,457 SF

      895 21st St

      MANUFACTURING (LIGHT)
      895 21st St, Sparks, NV 89431-5503
      View Details
    • Value Estimation
      $1,450,000
      27,732 SF

      1300 Freeport Blvd

      MANUFACTURING (LIGHT)
      1300 Freeport Blvd, Sparks, NV 89431-6001
      View Details
    • Value Estimation
      $930,000
      13,237 SF

      125 Glendale Ave

      MANUFACTURING (LIGHT)
      125 Glendale Ave, Sparks, NV 89431-5845
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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.
      1055 E Greg St, Sparks, NV 89431
      View Details
    • Contact for pricing
      113,400 SF

      Sparks Industrial NNN Leased Investment

      Single-tenant NNN leased industrial property in Sparks, Nevada for sale.
      1240 Icehouse Ave, Sparks, NV 89431
      View Details
    • Contact for pricing
      123,400 SF

      Sparks Warehouse and Industrial Property

      Large industrial property in Sparks, Nevada, available for sale.
      1205-1225 Icehouse Ave, Sparks, NV 89431
      View Details
    • $1,299,000
      3.01 Acres

      Reno Industrial Land - 3 Acres

      Prime industrial land near I-580/395.
      0 Virginia St, Sparks, NV 89431
      View Details
    • Contact for pricing
      25,545 SF

      Sparks Industrial Space with Yard

      Industrial space with office, yard, and flexible loading options.
      245 Coney Island Dr, Sparks, NV 89431
      View Details

    Similar Nearby for Lease

    • $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
    • $0.75 SF/Yr

      Sparks Industrial Sublease Opportunity

      Well-positioned industrial space with convenient access and strong visibility.
      945 Spice Islands Dr, Sparks, NV 89431
      View Details
    • Contact for pricing

      Glen Carran Flex Industrial Units

      Flex industrial units with easy highway access in Sparks, Nevada.
      75 Glen Carran Cir, Sparks, NV 89431
      View Details
    • Contact for pricing
      22,531 SF

      Sparks Industrial Facility For Rent

      Industrial facility in Sparks, NV, available 11/1/26.
      550 Coney Island Dr, Sparks, NV 89431
      View Details
    • Contact for pricing
      23,587 SF

      Sparks Warehouse Space Available

      23,388 SF warehouse space for rent in Sparks, Nevada.
      120 Greg St, Sparks, NV 89431
      View Details
    • Contact for pricing
      23,460 SF

      Industrial Warehouse Space Available

      23,460 SF warehouse space available for lease.
      1385 Greg St, Sparks, NV 89431
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1645 Crane Way
    Sparks, NV 89431-5610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1645 Crane Way, Sparks, NV, 89431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!