For Sale
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Property summary
This exceptional 22,968 square foot industrial complex, located at 910 Glendale Ave in Sparks, Nevada (89431), presents a compelling investment opportunity. The property boasts two buildings totaling 22,968 square feet of net rentable space, currently 50% occupied by two tenants with month-to-month leases, generating a current annual income of $14,000. Building A features a newly renovated 4,800 square foot showroom and office space, along with a 6,000 square foot industrial metal building containing three 2,000 square foot units with 12x14 roll-up doors and 24-foot ceilings. Building B comprises four units of varying sizes, all equipped with roll-up doors and bathrooms. Recent renovations (2022) include new stucco, paint, roofing, and interior/exterior upgrades to Building A, including high-end windows, lighting, and Mitsubishi HVAC units. The property sits on a 1.59-acre lot and includes a 15,600 square foot parking lot with ample space for truck turnaround, a fenced 26,000 square foot yard, and 16 parking spaces. The property is zoned I and offers significant potential for increased income through mini-storage development or additional leasing. The asking price is $4,900,000, representing a 3.12% cap rate and a NOI of $153,000. Seller financing is available. This property is ideal for owner-users or investors seeking high-demand small industrial spaces in a prime Sparks location. The property was built in 1968 and has nine units.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Construction Company
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Landscaping General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Sparks market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I · Sparks, NVI 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in Sparks, NV.
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