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Property profile & analytics

56 Coney Is Drb Sparks, NV 89431-6335

  • Warehouses
  • 20,000 SF
  • 1.57 lot acres
OFF-MARKET
Last Sale
May 06, 2021
$2,850,000
Value Estimations
$3,110,000
Show details
Cap Rate Potential
4.8%
Warehouses
Location Intelligence
Property ID
US62-0025475
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.

Current Use by Public Records

  • Lancaster Auto Care & Customs / Auto Repair Shop
  • Silencio/Safety Direct Inc / Safety Equipment Supplier
  • Applied Soil Water Tech LLC / Engineering Consultant

Property Details for 56 Coney Is Drb

Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.57 lot acres
Property size
20,000 SF
Zone code
I
Property type
Warehouses
APN
034-371-05
APU
3437105

Description

This exceptional 20,000-square-foot flex space industrial property at 56 Coney Island Dr., Sparks, NV 89431, offers a prime opportunity for businesses seeking versatile warehouse and office space. Situated on a 1.57-acre lot, the building boasts 15,000 square feet of immediately available space, with a total of approximately 3,500 square feet of office space. The property is divisible, allowing for lease options of approximately 5,000 or 10,000 square feet. Built in 1980, the building features a desirable 20-foot ceiling height, providing ample vertical space for storage or specialized equipment. Four dock-high doors and one drive-in door ensure efficient loading and unloading, complemented by 18 parking spaces for employees and visitors. The property benefits from robust power capabilities, including 400 amps at 208 volts, three-phase power. Zoned I, this property is ideally suited for a variety of industrial and flex uses. The convenient location near S Stanford Way in Washoe County provides easy access to major transportation routes. The property's APN is 034-371-05. This is a single-tenant property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,300,000
    ML approach
    $3,400,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,620,000
    6.5%
    $2,420,000
    7%
    $2,245,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $3,165,000
    Market price range: $2.28M - $4.67M
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $3,195,000
    Current use
    RETAIL STORES
    $5,360,000
    Change: +68% Conversion: Moderate
    OFFICE BUILDING
    $5,165,000
    Change: +62% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Sparks
County
Washoe
State
Nevada
Longitude
-119.744
Latitude
39.5204
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
$12,247
$193,758
$171,898
$365,656
-
$553,594
$491,138
$1,044,732
More about this property
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