Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    255 Distribution Dr, Unit A101 Sparks, NV 89441-5217
    Back to Search
    Property profile & analytics

    255 Distribution Dr, Unit A101, Sparks, NV 89441-5217

    View on Map
    • Industrial properties
    • 2,380 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Apr 19, 2021
    $2,050,000
    Property ID
    US62-0284598
    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
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rapid Rooter / Plumbing Service / General Contractor
    • Computer & Electronic Services / Electronics & Wireless Store
    • Custom Imprints Plus / Marketing & Advertising
    • EC Applications (Reno Office) / Department Store
    • DC Audio LLC / Electronics & Wireless Store / Auto Parts Store

    Property Details for 255 Distribution Dr

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Zone code
    I
    Property type
    Industrial properties
    APN
    538-190-10
    APU
    53819010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 19, 2021 — Joseph S Lanza Joseph S Lanza Intrafamily Transfer · related —
    Jul 27, 2018 $2,050,000 Lanza Of Miller & Rivlin Retirement Fund Kic Grant Deed $1.7M · Barry Rivlin
    Jul 27, 2018 — Joseph S Lanza Lanza,joyce Quit Claim Deed · related —
    Jul 8, 2008 $1,858,516 Retirement Fund Kic Allied Foreclosure Svcs Trustees Deed · related —
    Jun 29, 2007 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,225,000
      ML approach
      $2,205,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.716
    Latitude
    39.6761
    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
    $1,293
    $33,320
    $53,266
    $86,586
    -
    $95,200
    $152,189
    $247,389

    Comparable in this City

    • Value Estimation by Request
      1,700 SF

      135 Isidor Ct

      INDUSTRIAL (GENERAL)
      135 Isidor Ct, Sparks, NV 89441-6303
      View Details
    • Value Estimation
      $2,120,000
      2,605 SF

      255 Distribution Dr, Unit A201

      INDUSTRIAL (GENERAL)
      255 Distribution Dr, Sparks, NV 89441-5217
      View Details
    • Value Estimation
      $2,120,000
      2,605 SF

      255 Distribution Dr, Unit C203

      INDUSTRIAL (GENERAL)
      255 Distribution Dr, Sparks, NV 89441-5217
      View Details
    • Value Estimation
      $48,665,000
      160,562 SF

      1 New Deantronics Way

      INDUSTRIAL (GENERAL)
      1 New Deantronics Way, Sparks, NV 89441-5224
      View Details
    • Value Estimation
      $800,000
      3,156 SF

      135 Isidor Ct

      INDUSTRIAL (GENERAL)
      135 Isidor Ct, Sparks, NV 89441-6303
      View Details
    • Value Estimation
      $585,000
      3,156 SF

      145 Isidor Ct Ste A

      INDUSTRIAL (GENERAL)
      145 Isidor Ct Ste A, Sparks, NV 89441-6352
      View Details

    Similar Nearby for Sale

    • $6,890,000

      Sparks Flex Industrial Space

      25,880 SF Class A flex industrial building with yard.
      200 Academy Way, Sparks, NV 89441
      View Details
    • $125,000
      581 SF

      Sparks Commercial Flex Space

      Flex space available for sale in Sparks, Nevada.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $130,000
      577 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $115,000
      502 SF

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $140,000
      583 SF

      Sparks Storage Condo For Sale

      Commercial storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details
    • $135,000
      Pending

      Sparks Storage Condo For Sale

      Storage condo for boats, RVs, vehicles, and general storage.
      11440 Digital Ct, Sparks, NV 89441
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,624 SF

      Sparks Industrial Space Available

      Industrial property available for lease in Sparks, Nevada.
      115 Circuit Ct, Sparks, NV 89441
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space in Sparks, Nevada

      18,000 square foot industrial property available for rent.
      420 Ingenuity Ave, Sparks, NV 89441
      View Details
    • Contact for pricing
      80,000 SF

      New Industrial Suite Available

      80,000 SF suite in Sparks, NV, available Q3 2025.
      445 Ingenuity Ave, Sparks, NV 89441
      View Details
    • Contact for pricing
      38,700 SF

      Sparks Warehouse Space Available

      38,700 SF warehouse space for lease in Sparks, Nevada.
      100 Distribution Dr, Sparks, NV 89441
      View Details
    • Contact for pricing
      2,605 SF

      Sparks Industrial Space Available

      Industrial space with office, drive-in door, and clear height.
      255 Distribution Dr, Sparks, NV 89441
      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.
    255 Distribution Dr, Unit A101
    Sparks, NV 89441-5217
    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
    255 Distribution Dr, Sparks, NV, 89441
    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!