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Property profile & analytics
OFF-MARKET
Estimated value
$74,160,000
Industrial properties
1200 Venice Way Sparks, NV 89437-4400
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1153768
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
CONCRETE
Total area
870,720 SF
Lot
57.07 ac (2,485,969 SF)
Zoning code
I-2
APN
005-101-19
UPID
US62-1153768
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
-
PetSmart Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$72.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$74.16M
Owner & transaction history
Pool 6 Industrial Nv LLC · 4 yrs held
Pool 6 Industrial Nv LLC
since 2021
Last sale
$72.7M
6 recorded transactions
Zoning & alternative use
I-2 · 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
$78,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$78,315,000
6.5%
$72,290,000
7%
$67,130,000
Blend value · Realmo final
$74.16M
Range $66.74M – $81.58M · ±10% · vs last sale $72.72M (Nov 12 2021)
Last sale anchor
$72.72M
Nov 12 2021
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
$85 / 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
$436,237
Tax year 2023
Assessed value
$14,838,750
Assessed 2023
Previous assessed
$14,838,750
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$1,827,187
Assessed improvement
$13,011,563
Land market value
$5,220,535
Improvement market value
$37,175,893
Total market value
$42,396,428
Applied tax rate
122.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
870,720 SF
Lot
57.07 ac (2,485,969 SF)
Zoning code
I-2
APN
005-101-19
UPID
US62-1153768
Jurisdiction
STOREY
Zoning & alternative use
I-2 · Sparks, NV
Zoning I-2 · permitted uses
I-2 · 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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
57.07 ac
Current owner
From public records · entity-resolved
Pool 6 Industrial Nv LLC
Entity
Mailing address
19601 N 27TH AVE, PHOENIX, AZ 85027-4008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Pool 6 Industrial Nv LLC
—
Deed
related
—
Nov 12, 2021
$72,723,607
Pool 6 Industrial Nv LLC
Exeter 1200 Venice LLC
Bargain And Sale Deed
$65,084,610 · Citi Real Estate Funding INC
Aug 8, 2019
—
Exeter 1200 Venice LLC
—
Deed
related
$200,000,000 · Wells Fargo Bank NA
Apr 19, 2019
$54,000,000
Exeter 1200 Venice LLC
Spirit Pm Mccarran Nv LLC
Grant Deed
—
Jul 7, 2008
$51,525,000
Cole Pm Mccarran Nv LLC
Haindl-seefried IV Lllp
Grant Deed
—
—
—
Cole Pm Mccarran Nv LLC
—
Deed Of Trust
related
$2,500,000 · Great-west Life & Annuity Ins
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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