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Property profile & analytics
OFF-MARKET
Warehouses

1939 Frazer Ave Sparks, NV 89431-5533

3,654 SF 0.32 ac lot Built 1987
Individually Owned 7-yr Hold Free & Clear
Property ID
US62-0384953
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Focus Plumbing, Reno Nevada General Contractor
  • Nevada Generator Systems Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kristine H Nuss · 7 yrs held
Kristine H Nuss
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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