Technical
Financial
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Property profile

650 Denmark Dr McCarran, NV 89434

OFF-MARKET
Land
Property ID
US62-0351487
11.22 ac lot
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Property summary

AI-generated overview

This exceptional 11.22-acre development site is located in the thriving Tahoe Reno Industrial Center (TRIC) in Sparks, Nevada. The property, encompassing three parcels (APN# 005-101-15, 005-101-16, and 005-101-17), boasts frontage on Denmark Drive and is zoned for Commercial, Retail, and Light Industrial uses. Situated in Storey County, known for its business-friendly environment, low taxes, and expedited permitting processes, this land presents a unique investment opportunity. The asking price is $4,154,690, translating to approximately $8.50 per square foot. This prime location benefits from its proximity to major employers such as Tesla, Switch, Google, Apple, and many others, contributing to a robust and growing local economy. The property's designation as an Opportunity Zone further enhances its investment appeal. The site is conveniently located 20 minutes from Reno and 45 minutes from Lake Tahoe, offering access to a diverse workforce and recreational amenities. With its strategic location, favorable zoning, and the advantages of Storey County's pro-business climate, this property is ideally suited for a variety of development projects. The high demand for retail and hospitality in the area presents significant potential for future growth and profitability.

Property profile

Verified
Property type Land
Lot 11.22 ac (488,743 SF)
UPID US62-0351487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

650 Denmark Dr McCarran, NV 89434
McCarran metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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