Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2285 Grn Vis Dr Sparks, NV 89431-1071

    • Medical offices
    • 7,938 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0469877
    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

    • Eye Care Associates of Nevada / Ophthalmologist
    • Wildcreek Surgery Center / Medical Clinic / Hospital
    • Dr. Curtis A. Manning, MD / Ophthalmologist
    • Dr. Paul W. Hiss, MD / Ophthalmologist
    • Ophthalmic Resources / Physician

    Property Details for 2285 Grn Vis Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    7,938 SF
    Zone code
    PD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    026-592-27
    APU
    2659227

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,780,000
      7%
      $1,655,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.774
    Latitude
    39.5581
    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
    $10,644
    $135,870
    $323,863
    $459,733
    -
    $388,200
    $925,323
    $1,313,523

    Comparable in this City

    • Value Estimation
      $975,000
      5,040 SF

      2291 Pyramid Way

      MEDICAL BUILDING • 5,040 SF
      2291 Pyramid Way, Sparks, NV 89431
      View Details
    • Value Estimation
      $1,960,000
      10,000 SF

      685 Prater Way Ste, Unit 103

      MEDICAL BUILDING • 10,000 SF
      685 Prater Way Ste, Sparks, NV 89431-4970
      View Details
    • Value Estimation
      $890,000
      4,240 SF

      1075 Roberta Ln

      MEDICAL BUILDING • 4,240 SF
      1075 Roberta Ln, Sparks, NV 89431-1893
      View Details
    • Value Estimation
      $905,000
      4,032 SF

      4650 Wedekind Rd

      MEDICAL BUILDING • 4,032 SF
      4650 Wedekind Rd, Sparks, NV 89431-7721
      View Details
    • Value Estimation by Request
      2,459 SF

      480 Prater Way

      MEDICAL BUILDING • 2,459 SF
      480 Prater Way, Sparks, NV 89431-4679
      View Details
    • Value Estimation by Request
      1,983 SF

      2115 Grn Vis Dr

      MEDICAL BUILDING • 1,983 SF
      2115 Grn Vis Dr, Sparks, NV 89431-8546
      View Details

    Similar Nearby for Sale

    • $135,000
      940 SF

      Sparks 55+ Co-op Residence

      Move-in ready home in a desirable 55 and over community.
      1945 4Th St, Sparks, NV 89431
      View Details
    • $135,000
      940 SF

      Sparks NV 55+ Community Home

      Charming 2-bedroom home in a well-maintained 55+ community.
      1945 4Th St, Sparks, NV 89431
      View Details
    • Contact for pricing
      10,000 SF

      Retail Building at Major Intersection

      Retail building with dental office and sushi restaurant tenants.
      685 E Prater Way, Sparks, NV 89431
      View Details
    • $779,000
      1,648 SF

      Mixed-Use Property on Rock Blvd

      Mixed-use property ideal for medical, dental, or professional services.
      1001 Rock Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      12,050 SF

      Sparks Office Building For Sale

      Office building in Sparks, Nevada, available for purchase.
      255 Glendale Ave, Sparks, NV 89431
      View Details
    • $2,500,000
      10,420 SF

      Sparks Industrial Warehouse with Office

      Industrial warehouse with office space in Sparks submarket.
      320 Coney Island Dr, Sparks, NV 89431
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      6,160 SF

      Lexington Quail Park Office Space

      Sparks, NV Medical & Office Suites Available
      1311 Mccarran Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      1,568 SF

      Sparks Office Space Available Soon

      Well-maintained Sparks office space, move-in ready, available 6/30/24.
      1301 N Mccarran Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      1,920 SF

      Sparks Medical Office Space Available

      Well-maintained medical office space for lease in Sparks, Nevada.
      1321 N Mccarran Blvd, Sparks, NV 89431
      View Details
    • Contact for pricing
      81,175 SF

      Evergreen Plaza Retail/Office Suites

      Retail and office suites available in Evergreen Plaza Shopping Center.
      2300 Oddie Blvd, Sparks, NV 89431
      View Details
    • $17 SF/Yr
      86,827 SF

      Greenbrae Commons Office Space

      Sparks, NV office suites: 328-6,766 sq ft.
      670 Greenbrae Dr, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr
      2,526 SF

      Sparks Warehouse with Drive-Through Access

      2,526 SF warehouse with drive-through and private offices.
      155 Glendale Ave, 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.
    2285 Grn Vis Dr
    Sparks, NV 89431-1071
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!