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    2302 Oddie Blvd Sparks, NV 89431-2770

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    2302 Oddie Blvd Sparks, NV 89431-2770


    • Strip malls
    • 12,480 SF
    • 8.12 lot acres
    Off-Market
    Last Sale Apr 19, 2022
    $5,900,000
    Property ID
    US62-0366447
    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
    $5,520,000
    Show details
    Cap Rate Potential
    6.1%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • A1 Indian Grocery / Grocery & Convenience Store / Food Market
    • A-1 Appliannces & Video / Grocery & Convenience Store / Food Market

    Property Details for 2302 Oddie Blvd

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.12 lot acres
    Property size
    12,480 SF
    Zone code
    MUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    026-284-34
    APU
    2628434

    Description

    This exceptional 2.37-acre commercial land parcel in Sparks, Nevada (APN 026-284-34), is zoned for mixed-use development and offers a unique opportunity to construct a 108-unit multifamily project. The approved plans include three three-story buildings, each housing 36 units, supported by 108 surface parking spaces. Situated within the Evergreen Plaza Shopping Center at 2302 Oddie Blvd, zip code 89431, this site benefits from its proximity to the thriving Oddie District, an urban infill redevelopment project featuring diverse businesses such as Mythic Gymnastics, The Innovation Collective, Cartwheel Robotics, CoffeeBar, Fifty Fifty Brewing Company, and Nevada Works. The location also enjoys convenient access to major transportation arteries, including Interstate 80 and Interstate 580, and is just seven minutes from the University of Nevada, Reno. Recent infrastructure improvements, including a $55 million road upgrade project enhancing the Oddie-Wells Corridor, further enhance the site's appeal. The property's location near established retailers like Walgreens, Dollar Tree, and numerous restaurants, as well as major employers such as Amazon, Chewy, and others, ensures strong rental demand. This is an ideal location for an affordable housing development in a HUD Qualified Census Tract zone. The asking price for this exceptional development opportunity is $2,160,000. The retail portion of the Evergreen Plaza Shopping Center may be acquired separately.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,070,000
      ML approach
      $5,980,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $5,155,000
      6.5%
      $4,755,000
      7%
      $4,420,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.777
    Latitude
    39.5463
    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
    $71,912
    $804,684
    $1,182,296
    $1,986,980
    -
    $2,299,096
    $3,377,988
    $5,677,084
    More about this property
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