Technical
Financial
Distress signals
Property profile

505 Greenbrae Dr Sparks, NV 89431

OFF-MARKET
Commercial land
Property ID
US62-0226259
0.39 ac lot Built 1989
Individually Owned 5-yr Hold Free & Clear
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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

Location

505 Greenbrae Dr Sparks, NV 89431
Sparks metro Census 3001 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

C2 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include lar…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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