Office for Sale in Sparks, NV

  • Price: $5.5M
  • Listing type: For sale
  • Asset type: Office
  • Location: Sparks, NV 89431

Description

For Sale - 255 Glendale Avenue CBRE is pleased to present this 28,490 square-foot multi-tenant medical/office/lab property in the flex industrial submarket of Sparks, NV. Concentra Health is the anchor tenant with 17 years of operating history on the site and 7 years remaining on the existing lease. Juniper Services occupies approximately 5,400 square feet with 4 years remaining. Zoning on the property is Industrial, providing flexibility to convert to flex industrial.

Market Context

This office in Sparks, NV is listed for sale at $5,500,000. It has been on the market for 148 days. Compare it against other office listings for sale in Sparks, NV — <a href="/search/sale/office/nevada/sparks">view the full market</a>.

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: Consensus Q1 2026 market report.

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 Consensus.
Is the Reno office market tightening or softening?
Vacancy is around 9.5%, with asking rents softening year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$97.72/SF – $132.20/SF

Mid: $114.96/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tulsa (similarity: 100%) with 3 comparable listings.

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