4830 Vista BlvdSparks, NV 89436

Property Details for 4830 Vista Blvd

Year built

2006

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

12,734 SF

Zone code

C2

Property type

Office buildings

APN

516-321-06

APU

51632106

Description

This exceptional 12,734 square foot office building in Sparks, Nevada, presents a compelling value-add investment opportunity for owner-users. Located at 4830 Vista Blvd, this single-story, Class B building sits on a 1.5-acre lot (APN 516-321-06) and was constructed in 2006. The property is zoned C2 and offers flexible space suitable for executive, medical, or creative office uses. Currently, the building boasts 32% occupancy with short-term leases in place for Units 106 and 110. Unit 108, a former martial arts studio, and the remaining shell space provide significant potential for owner-user customization and expansion. The asking price is $2,300,000, translating to $180.62 per square foot. This multi-tenant property offers a unique blend of immediate income generation from existing tenants and substantial upside potential through lease-up and building improvements. The property's prime location in Sparks, Washoe County, Nevada (zip code 89436) provides excellent access to major transportation routes and a thriving local economy. This is an ideal opportunity for an investor seeking a hands-on project with strong potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,913,784

  6.5%

  $1,766,570

  7%

  $1,640,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,915,959

  Geo Method

  $2,915,959

• Alternative Use

  Use

  Valuation

  Residential

  $2,190,546

  Hospitality

  $2,006,529

  Educational

  $1,669,408

  Medical

  $1,726,822

  Retail

  $2,596,857

Location Insight

City

Sparks

County

Washoe

State

Nevada

Latitude

39.5785

Longitude

-119.718

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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