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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Grocery and convenience stores
117 Boyd Kennedy Rd Spring Creek, NV 89815-8751
Individually Owned
10-yr Hold
Free & Clear
Property ID
US62-0917125
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
5,720 SF
Lot
2 ac (87,120 SF)
Zoning code
MULT
APN
006-30A-027
UPID
US62-0917125
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$855k
Owner & transaction history
Fred A Wahl · 10 yrs held
Fred A Wahl
since 2015
3 recorded transactions
Zoning & alternative use
MULT · Spring Creek, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+52.7%
Office building
$955,000
+37.5%
Commercial (general)
$760,000
+9.1%
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 Spring Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Creek 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%
$1,015,000
6.5%
$940,000
7%
$870,000
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$715,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$149 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,224
Tax year 2024
Assessed value
$778,804
Assessed 2024
Previous assessed
$778,804
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$20,912
Assessed improvement
$757,892
Land market value
$59,749
Improvement market value
$2,165,406
Total market value
$2,225,155
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,720 SF
Lot
2 ac (87,120 SF)
Zoning code
MULT
APN
006-30A-027
UPID
US62-0917125
Jurisdiction
ELKO
Zoning & alternative use
MULT · Spring Creek, NVZoning MULT · permitted uses
MULT · Spring Creek, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2016
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Fred A Wahl
Individual
Free & Clear · 10 yrs held
Mailing address
185 S STATE ST STE #800, SALT LAKE CITY, UT 84111-1549
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2015
—
Fred A Wahl
Allen,marie I
Grant Deed
—
Sep 16, 2015
$525,000
Maverik INC
Wahl,fred A & Cindy G
Grant Deed
—
Mar 8, 2004
$160,000
Fred A Wahl
Gustin Everett D & Lois
Grant Deed
—
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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