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Property profile & analytics

610 Waltham Way Sparks, NV 89434

  • Office buildings
  • 25,370 SF
  • 2.40 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
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.

Current Use by Public Records

  • FedEx Drop Box / Mailing Service
  • Blockchains / Software Company

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
    Market price range: $4.60M - $10.7M
    AI Estimate
    $3,383,000
    Market 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 valuation — 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
More about this property
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