175 Salomon CirSparks, NV 89434

  • Office buildings
  • 16,467 SF

Property Details for 175 Salomon Cir

Year built
2008
Construction
WOOD
Lot size
0.95 AC
Property size (Sq ft)
16,467 SF
Zone code
C2
Property type
Office buildings
APN
037-331-02
APU
3733102

Description

This exceptional 6,580-square-foot Class A office and warehouse space is available for lease in Sparks, Nevada. Located at 175 Salomon Circle, Suite 103, this single-tenant property boasts a prime location at the Vista Boulevard on/off ramp to I-80, ensuring easy access and high visibility. The building, constructed in 2008, is a professionally managed, two-story structure within a 16,467-square-foot building situated on a 0.955-acre lot. The office space itself comprises 2,665 square feet of modern, turnkey accommodations, including five private offices, a conference room, a bullpen workspace, a reception area, and a convenient kitchenette. The attached warehouse space adds another 3,615 square feet of functional area, featuring 13' to 24' clear height, one grade-level 16'W x 14'H door, 250-400 amp 3-phase power (to be verified), and is both heated and sprinklered. The property is zoned C2 and has an APN of 037-331-02. This versatile space is ideal for a variety of businesses seeking a combination of modern office amenities and ample warehouse storage in a highly accessible location within the Sparks submarket. The property's location offers excellent connectivity and visibility, making it an attractive option for businesses seeking a strategic presence in the area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,474,814
    6.5%
    $2,284,443
    7%
    $2,121,269
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,770,778
    Geo Method
    $3,770,778
  • Alternative Use

    Use
    Valuation
    Residential
    $2,832,710
    Hospitality
    $2,594,747
    Educational
    $2,158,799
    Medical
    $2,233,043
    Retail
    $3,358,132

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.5293
Longitude
-119.7
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
$34,949
$171,043
$851,716
$1,022,759
-
$488,694
$2,433,475
$2,922,169

FAQs

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