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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Medical Office Space
1125 Mccarran Blvd Sparks, NV 89431-4960
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0286953
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
8,140 SF
Lot
1.2 ac (52,098 SF)
Zoning code
MUD
APN
033-103-25
UPID
US62-0286953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Absolute Dental Orthodontics - Sparks Dental Office
-
Absolute Dental - Sparks Dental Office
-
Instant Smog, Inc. Sustainability Organization
-
Dr. Steve Huang Dental Office
-
Sara Hakim Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.82M
Owner & transaction history
Michael Massie · 5 yrs held
Michael Massie
since 2020
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sparks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,850,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,685,000
Change: -6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,350,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$224 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,886
Tax year 2023
Assessed value
$747,412
Assessed 2023
Previous assessed
$606,282
+23.3% YoY
Effective rate
3.46%
On assessed value
Assessed land
$214,204
Assessed improvement
$533,208
Land market value
$612,010
Improvement market value
$1,523,452
Total market value
$2,135,462
Applied tax rate
2,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
8,140 SF
Lot
1.2 ac (52,098 SF)
Zoning code
MUD
APN
033-103-25
UPID
US62-0286953
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Michael Massie
Individual
Mailing address
970 W BROADWAY, JACKSON HOLE, WY 83001-6402
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
Michael W Massic
—
Deed
related
$1,000,000 · Carter Nevada Trust
Nov 10, 2020
$2,698,500
Michael Massie
Massie R & M Livi Trust
Grant Deed
$2,705,500 · Ricky W Massie
Dec 29, 2017
$107,500
Michael Massie
Massie Kids IV Properties LLC
Grant Deed
—
Dec 29, 2017
—
Tomaszewski Family Trust
Massie Kids IV Properties LLC
Quit Claim Deed
—
Jul 10, 2015
—
Ckmr2 LP
Massie C K Family Trust
Grant Deed
—
Jun 30, 2014
$3,075,000
Massie Family Trust
National Sierra LLC
Grant Deed
—
Feb 24, 2012
$1,500,000
National Sierra LLC
Lachman Brothers/gleeson LLC
Bargain And Sale Deed
$891,070 · Us Bank NA
Apr 17, 2007
—
Lachman Brothers Of Gleeson LLC
Lachman Trust
Quit Claim Deed
—
Feb 28, 2007
—
Gary R Lachman
Lachman,selma
Quit Claim Deed
related
—
Feb 28, 2007
$4,250,000
Gary R Lachman
Fran Of Glo Investments LLC 2
Grant Deed
$3,000,000 · Lasalle National Bank
May 5, 2005
$523,000
Fran Of Glo Investments LLC 2
Fran Of Glo Investments LLC
Grant Deed
related
$2,656,862 · Colonial Bank
Apr 4, 2005
—
Fran Of Glo Invs Ltd Liability Co
Fae Holdings 3508071 LLC
Grant Deed
—
Feb 2, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
Dec 17, 2004
$523,000
Fae Holdings 3508071 LLC
Flanary,floyd G
Grant Deed
related
$390,733 · First American Exchange Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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