Technical
Financial
Distress signals
Property profile

910 Glendale Ave Sparks, NV 89431

FOR SALE
Retail space
Property ID
US62-1256097
4,720 SF 1.59 ac lot Built 1968
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Construction METAL FRAME
Total area 4,720 SF
Lot 1.59 ac (69,260 SF)
Zoning code I
APN 032-302-08
UPID US62-1256097

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Construction Company
  • Landscaping General Contractor

Location

910 Glendale Ave Sparks, NV 89431
Sparks metro Census 3111 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.41M
CAP Approach CAP
$1.68M
Comparable Approach Comparable
$903k
Blend (final) Blend
$1.34M

Owner & transaction history

since 2020
Last sale
$930,000
7 recorded transactions
2020
Price N/A
2020
Price N/A
2013
$930,000
2012
Price N/A
2011
$100,000
2004
$950,000
1969
Price N/A

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
Top alternative use upside
Medical building $1.7M +30.5%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message