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Property profile

873 Deming Way Sparks, NV 89431

OFF-MARKET
Warehouses
Property ID
US62-0477314
27,020 SF 0.85 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 27,077-square-foot industrial warehouse, located at 873 Deming Way in Sparks, Nevada, presents a compelling owner-user or investment opportunity. The single-story, concrete tilt-up building boasts a 20-foot clear height throughout, providing ample space for various industrial uses. Built in 1978 and extensively renovated in 2023, the property features three 10' x 9' dock-high doors, ensuring efficient loading and unloading. The recent renovations included a new roof, updated roll-up doors, upgraded lighting, fresh paint, and a revitalized parking lot. The warehouse also includes pre-installed private offices and restrooms. Power is supplied by a robust 400-amp, 277/480V, 3-phase, 4-wire system. Situated on a 0.852-acre lot, the property is conveniently located just one mile from the I-80/Sparks Boulevard interchange, providing easy access to major transportation routes. The asking price is $5,280,015, translating to $195 per square foot. The property is zoned I (Industrial) and is currently vacant. This is a rare opportunity to acquire a well-maintained, strategically located industrial warehouse in the thriving Sparks industrial submarket. The property's recent upgrades and prime location make it an ideal choice for businesses seeking efficient and modern warehouse space. The APN is 034-262-24.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,020 SF
Lot 0.85 ac (37,124 SF)
Zoning code I
APN 034-262-24
UPID US62-0477314

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$700k

Owner & transaction history

Zoning & alternative use

I · Sparks, NV
Zoning description

I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited…

General category INDUSTRIAL

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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