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    Property profile & analytics

    700 Milan Dr Sparks, NV 89437-5611

    • Industrial properties
    • 632,080 SF
    • 34.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 09, 2023
    $82,500,000
    Location Intelligence
    Property ID
    US62-0441340
    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

    • Thrive Market Fulfillment Center / Warehouse
    • Tesla warehouse / Warehouse
    • Novo Logistics / Warehouse

    Property Details for 700 Milan Dr

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    34.06 lot acres
    Property size
    632,080 SF
    Zone code
    I-2
    Property type
    Industrial properties
    APN
    005-111-26
    APU
    511126

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Storey
    State
    Nevada
    Longitude
    -119.451
    Latitude
    39.547
    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
    $345,598
    $1,168,378
    $9,746,908
    $10,915,286
    -
    $3,338,222
    $27,848,308
    $31,186,530

    Comparable in this City

    • Value Estimation by Request
      326,807 SF

      900 Waltham Way

      INDUSTRIAL (GENERAL) • 326,807 SF
      900 Waltham Way, Sparks, NV 89437-6699
      View Details
    • Value Estimation by Request
      984 SF

      2777 Usa Pkwy

      INDUSTRIAL (GENERAL) • 984 SF
      2777 Usa Pkwy, Sparks, NV 89437-5607
      View Details
    • Value Estimation
      $3,465,000
      1.25 Acres

      440 Sydney Dr

      INDUSTRIAL (GENERAL) • 1.25 Acres
      440 Sydney Dr, Sparks, NV 89437
      View Details
    • Value Estimation
      $715,000
      30,000 SF

      100 Ireland Dr

      INDUSTRIAL (GENERAL) • 30,000 SF
      100 Ireland Dr, Sparks, NV 89437-6531
      View Details
    • Value Estimation
      $505,000
      2,880 SF

      4086 Peru Dr

      INDUSTRIAL (GENERAL) • 2,880 SF
      4086 Peru Dr, Sparks, NV 89437-6802
      View Details
    • Value Estimation
      $435,000
      13,760 SF

      224 Sydney Dr

      INDUSTRIAL (GENERAL) • 13,760 SF
      224 Sydney Dr, Sparks, NV 89437-6538
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Modern Industrial Space, 201,600 SF
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    Similar Nearby for Lease

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      341,000 SF

      Class A Warehouse, Storey County

      341,000 SF Industrial Space Available
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      View Details
    • Contact for pricing
      180,000 SF

      Sparks Warehouse Space Available

      180,000 sq ft warehouse space for lease.
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      View Details
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    700 Milan Dr
    Sparks, NV 89437-5611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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