1645 D Street — Sale in Sparks, NV

  • Price: $610K
  • Listing type: For sale
  • Asset type: Office
  • Location: Sparks, NV 89431
  • Size: 2,112 SF

Investment Figures

Price per square foot
$289

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Beautifully renovated and well maintained, this two-story office conversion in downtown Sparks includes a separate studio. The property is surrounded by park-like grounds and offers additional parking on the side and rear. The main 1,590 SF building features two offices, a kitchenette, and a conference room on the ground floor. The second floor has two more offices, while the finished basement includes another office and a storage area. The 522 SF studio office is well-appointed with a break area and separate bathroom and is ADA accessible. Both buildings are furnished and conveniently located near I-80 and US-395. Tenants are vacating, making the property available for showings in mid-August. BONUS: The primary building can be converted back into a residence, with plans included! Owner financing available with large down. Building SF: 2112 | Land Size: 0.14 Ac | Listing Type: FOR SALE

Market Context

This office in Sparks, NV is listed for sale at $610,000 across 2,112 SF ($289/SF). It has been on the market for 70 days. Compare it against other office listings for sale in Sparks, NV — view the full market.

As of Q1 2026, the Reno office market showed a 9.5% vacancy rate, average asking rents near $25.80/SF/yr, rents down 2.1% year over year, and cap rates around 6.4%. Source: multiple brokerage reports, Q1 2026.

Softening rents give buyers room to negotiate on terms.

Office market FAQ

What is the typical cap rate for office in Reno?
About 6.4% as of Q1 2026, per multiple brokerage reports.
Is the Reno office market tightening or softening?
Vacancy is around 9.5%, with asking rents softening year over year (Q1 2026).

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