610 Waltham Way Sparks, NV 89437
Property profile & analytics
610 Waltham Way Sparks, NV 89437
- Office buildings
- 25,370 SF
- 2.40 lot acres
Property ID
US62-1288794
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.
Location Intelligence
Current Use by Public Records
- FedEx Drop Box / Postal Service / Courier Service
- Blockchains / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 610 Waltham Way
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 2.40 lot acres
- Property size
- 25,370 SF
- Zone code
- I-2
- Property type
- Office buildings
- APN
- 005-021-34
- APU
- 502134
Description
This exceptional investment opportunity presents a 25,370-square-foot Class A office building situated on two adjoining parcels totaling nearly 5 acres in the prestigious Tahoe-Reno Industrial Center in Sparks, Nevada. The property, built in 2005 by Devcon Construction, features a modern design with high-end finishes, including a climate-controlled IT room, cafeteria-style break room with patios and BBQ areas, and a generous garage/shop space. The single-tenant building boasts ample parking, with a 7:1,000 square foot ratio, and enjoys excellent freeway visibility to Interstate 80. The property includes a recently renovated 25,370 square foot building on a 2.4-acre parcel (610 Waltham Way) and a 2.6-acre undeveloped parcel (620 Waltham Way), zoned I-2. The asking price is $10,000,000, representing a price per square foot of $394.17. High-end security features are integrated throughout the building's design. This is a rare opportunity to acquire a vacant, high-quality office complex in a rapidly growing area. The property is currently vacant, offering immediate occupancy for a new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,385,000
- 6.5%
- $5,890,000
- 7%
- $5,470,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,944,000
- AI Estimate
- $3,383,000
Market price range: $4.60M - $10.7MMarket price range: $1.20M - $5.51M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,030,000 Current use
- COMMERCIAL (GENERAL)
- $8,780,000 Change: +25% Conversion: Easy
- RETAIL STORES
- $7,715,000 Change: +10% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $5,655,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Storey
- State
- Nevada
- Longitude
- -119.551
- Latitude
- 39.5535
- 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
$41,670
$84,158
$1,281,494
$1,365,652
-
$240,451
$3,661,411
$3,901,862
