56 Coney Is Drb Sparks, NV 89431-6335
- Warehouses
- 20,000 SF
- 1.57 lot acres
May 06, 2021
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
-
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
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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