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Property profile & analytics
OFF-MARKET Estimated value $755,000
Commercial land

505 Greenbrae Dr Sparks, NV 89431

0.39 ac lot Built 1989
Individually Owned 5-yr Hold Free & Clear
Property ID
US62-0226259
Property summary
AI-generated overview

This exceptional 0.39-acre commercial land parcel presents a unique redevelopment opportunity in the thriving city of Sparks, Nevada. Located at 505 Greenbrae Drive, this strategically positioned lot offers 16,988 square feet of space and boasts 152 feet of frontage on Greenbrae Drive, with cross-street access via Greenbrae/Pyramid Way. Its convenient location places it just one block east of Pyramid Way, offering excellent visibility and accessibility. The property is zoned C2 - General Commercial under Washoe County zoning regulations, allowing for a variety of commercial development options. The assessor's parcel number is 033-012-32. This prime location offers significant potential for businesses seeking high visibility and convenient access to a bustling commercial area. The site's size and zoning make it ideal for a range of commercial ventures, capitalizing on the strong economic activity in the surrounding area. This is a rare opportunity to acquire a well-situated parcel ready for immediate development. The property's location offers easy access to major transportation routes and is situated near established businesses and amenities. This makes it an attractive option for developers and investors seeking a high-return investment in a dynamic and growing market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1989
Lot 0.39 ac (16,988 SF)
Zoning code C2
APN 033-012-32
UPID US62-0226259
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k
Owner & transaction history
Daniel Tomberry · 5 yrs held
Daniel Tomberry
since 2020
Last sale
$600,000
5 recorded transactions
2020
$600,000
2020
Price N/A
2006
Price N/A
2002
$100,000
1990
$120,000
Zoning & alternative use
C2 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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