Property profile

292 Los Altos Pkwy Sparks, NV 89436

OFF-MARKET
Outlet malls
Saved · see the list in your Dashboard
Property ID
US62-1051669
13,169 SF 1.78 ac Built 2006
Last sale May 2025·$4,468,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional investment opportunity presents a 13,302 square foot Walgreens located at 292 Los Altos Pkwy, Sparks, NV 89436, within the Reno MSA. The property boasts a strong 7.00% cap rate and a long-term, absolute NNN lease with Walgreens, a creditworthy national tenant, extending until April 30, 2035, with a remaining term of 10.4 years. The lease includes built-in rent bumps of 5% every 5 years, providing consistent income growth. Situated on a 1.77-acre lot, this single-tenant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$864k
Assessed land$325k
Assessed improvement$539k
Effective rate3.29%

Value estimate

· Nov 2026
$2.69M
$2.42M – $2.95M
AI approach$2.76M
CAP approach$4.69M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$304/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$90 – $497

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NUD
General categoryUNKNOWN
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.7
Wholesale Shop18.9
Law Firm18.3

Location

292 Los Altos Pkwy Sparks, NV 89436-7708
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
121 Los Altos, Sparks, NV 89436-7742 $70,100,000 Dec 2025 30,274 SF
2464 Wingfield Hls, Sparks, NV 89436-7202 $31,150,000 Nov 2020 16,364 SF
175 Disc, Sparks, NV 89436-7704 $26,200,000 Oct 2019 18,656 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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