Technical
Financial
Distress signals
Property profile

1939 Frazer Ave Sparks, NV 89431

OFF-MARKET
Warehouses
Property ID
US62-0384953
3,654 SF 0.32 ac lot Built 1987
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant industrial property, located at 1939 Frazer Avenue in Washoe County, Nevada, offers 4,834 square feet of versatile flex/warehouse space. Built in 1991, this two-story building boasts a desirable combination of warehouse and office areas. The warehouse features three roll-up doors for convenient loading and unloading, and impressive ceiling heights ranging from 12 to 15 feet. Power is provided by a 225 Amp, 110V, 3-phase system. The property also includes approximately 1,000 square feet of well-appointed office space, complete with a private office, conference room, bullpen area, and break room. Two restrooms are available, one in the warehouse and one in the office area. Adding to its functionality, the property benefits from convenient access via both an alley and Frazer Avenue, and includes a substantial fenced yard of approximately 10,000 square feet, providing ample outdoor storage or maneuvering space. The property is zoned I (Industrial), making it suitable for a variety of industrial and light manufacturing uses. This standalone building presents a rare opportunity to acquire a well-maintained and strategically located industrial property in a thriving area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,654 SF
Lot 0.32 ac (14,000 SF)
Zoning code I
APN 032-232-04
UPID US62-0384953

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
  • General Contractor
  • Construction Company General Contractor

Location

1939 Frazer Ave Sparks, NV 89431-5533
Sparks metro Census 3111 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2018
5 recorded transactions
2023
Price N/A
2018
Price N/A
2018
$1.2M
2014
$390,000
2014
$330,000

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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