130 Circuit CtSparks, NV 89436

For Sale
$2,000,000

High-yield Nevada warehouse, 6,594 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 6,594 square foot warehouse situated on a 1.21-acre lot in Sparks, Nevada. Built in 2006, the single-story building features 11' to 15' ceilings and offers 12 parking spaces. Currently generating a NOI of $68,664, resulting in a 3.43% cap rate, the property boasts significant upside potential with a pro-forma NOI of $144,000 and a pro-forma cap rate of 7.20%. The property is zoned I and includes two units, each priced at $1,000,000. The asking price for the entire property is $2,000,000, translating to a price per square foot of $303.31. Located at 130 Circuit Ct, Sparks, NV 89436 (APN 53047039), this warehouse presents a compelling investment prospect with strong potential for increased profitability. The property's strategic location in Washoe County offers convenient access to major transportation routes and a thriving business community. This is an ideal opportunity for investors seeking a high-yield industrial property with significant value-add potential.

Highlights

  • $2,000,000 asking price for this 6,594 SF industrial warehouse.
  • Located at 130 Circuit Ct, Sparks, NV 89436, on a 1.21-acre lot.
  • Features 12 parking spaces and 11'-15' ceiling heights.
  • Offers a 3.43% cap rate with a $68,664 NOI, and a pro-forma cap rate of 7.20% with a pro-forma NOI of $144,000.
  • Built in 2006, this single-story building consists of two units, with a price per unit of $1,000,000.
  • APN: 53047039, zoned I.

Property Details for 130 Circuit Ct

Property type
Other warehouses, Other retail properties
Square Feet
6,594 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
52,708 SF
Units
2

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.603484
Longitude
-119.7078532
130 Circuit Ct, Sparks, Nevada

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130 Circuit Ct
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