The present study investigates the electrical and sensing properties of mechanically compacted pellets of nanosized zinc oxide powders synthesized by chemical method at room temperature in alcohol base using Triethanolamine (TEA) as capping agent. Synthesized ZnO particles has been characterized for its optical, structural, morphological properties using UV-VIS spectrophotometer, X-ray diffraction (XRD) and Scanning Electron Microscopy (SEM). The ZnO particles have hexagonal wurtzite structure and the particles are of 20-30 nm in size. The electrical properties of the prepared material have been investigated with Impedance Spectroscopy at different temperatures and frequencies and other laboratory setup. Resistivity, I-V curves, AC impedance of ZnO nanoparticles pellets with temperature was investigated and response was compared with commercial ZnO. Piezoelectric and oxygen sensing property of ZnO were also examined. Dynamic hysteresis of sintered ZnO pellet using axis ACCT IF analyzer 2000HS did not show polarization retention by sample. Oxygen sensing of ZnO pellet has been investigated for different concentrations of oxygen for the temperature range of 200-350 degrees C. The decrease of the current flow through the ZnO pellet with increasing oxygen concentration indicates the application of ZnO in oxygen sensing. The prepared ZnO particles were also used for preparing nanofluids of different concentrations and were characterized by measuring thermal conductivity using hot wire method which shows sigmoidal behavior over a temperature range of 10-50 degrees C. (C) 2010 The Society of Powder Technology Japan.. Published by Elsevier B.V. and The Society of Powder Technology Japan. All rights reserved.