5050 Vis Blvd, Sparks, NV 89436-2864
- Office buildings
- 12,761 SF
- 1.26 lot acres
Current Use by Public Records
- Becca Martinez, Licensed Realtor at Harcourts Vanguard / Real Estate Agency
- Adam Burke York / Dental Office
- Samantha Schneider, MD / Physician / Medical Clinic
- Pacific Crest Dermatology - Carson / Physician / Medical Clinic
- Schneider Dermatology / Physician / Medical Clinic
Property Details for 5050 Vis Blvd
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.26 lot acres
- Zone code
- PO
- Property type
- Office buildings
- APN
- 516-281-15
- APU
- 51628115
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 14, 2023 | — | Mlro Limited Liability Comapay | Mlro LLC | Intrafamily Transfer · related | $680k · Bank Of Stockton |
| Mar 5, 2009 | — | Mlro LLC | Oneto M W & L M Trust | Grant Deed | — |
| Jun 29, 2007 | $3,412,500 | Oneto Melvin W & Lena M Trust | Banaszak Heuer LLC | Grant Deed | — |
| Mar 25, 2005 | — | Owner Name Unavailable | Owner Name Unavailable | Quit Claim Deed · related | — |
| Nov 19, 2003 | — | Banaszak Heuer LLC | — | Trustees Deed · related | — |
| Mar 4, 2003 | $340,000 | Banaszaker Heuer LLC | Plarmigan Properties LLC | Grant Deed | $170k · Heritage Bank Nevada |
Description
This exceptional Class A office building, located at 5050 Vista Blvd in Sparks, Nevada, 89436, offers multiple tenancy options. The single-story, 12,761 square foot building was constructed in 2004 and sits on a 1.258-acre lot (54,778 square feet). Currently, 2,704 square feet of space is available for lease, with additional space potentially available. The building boasts a prime location at the intersection of Vista Blvd and Los Altos Pkwy, offering excellent visibility and convenient access to Pyramid Way. The property is zoned PO and features a desirable Sparks submarket location. Suites are adaptable for various medical or traditional office uses. The building's prominent Vista Boulevard frontage ensures high visibility for your business. Interested parties should inquire about lease rates and available space sizes. The APN is 516-281-15.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,210,000
- 6.5%
- $2,965,000
- 7%
- $2,750,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,419,000
- AI Estimate
- $1,853,000
Market price range: $2.31M - $5.40MMarket price range: $588k - $2.85M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,535,000 Current use
- MEDICAL BUILDING
- $4,465,000 Change: +26% Conversion: Easy
- COMMERCIAL (GENERAL)
- $4,415,000 Change: +25% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,215,000 Change: +19% Conversion: Easy
- RETAIL STORES
- $3,880,000 Change: +10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.715
- Latitude
- 39.5842
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
