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Property profile & analytics
OFF-MARKET
Outlet malls
121 Los Altos Pkwy Sparks, NV 89436-7742
Entity Owned
Free & Clear
Property ID
US62-0327490
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,274 SF
Lot
36 ac (1,568,291 SF)
Zoning code
NUD
APN
510-082-54
UPID
US62-0327490
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
-
Art In Motion Training Center
-
Cs Mad Batter Cakery Bakery Specialty Food Shop
-
MB Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
B33 Sparks Crossing III LLC
B33 Sparks Crossing III LLC
since 2025
Last sale
$70.1M
7 recorded transactions
Zoning & alternative use
NUD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$534,001
Tax year 2023
Assessed value
$14,582,895
Assessed 2023
Previous assessed
$13,808,104
+5.6% YoY
Effective rate
3.66%
On assessed value
Assessed land
$3,732,530
Assessed improvement
$10,850,365
Land market value
$10,664,372
Improvement market value
$31,001,042
Total market value
$41,665,414
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
22
Stories
1
Units
22
Total area
30,274 SF
Lot
36 ac (1,568,291 SF)
Zoning code
NUD
APN
510-082-54
UPID
US62-0327490
Jurisdiction
WASHOE
Zoning & alternative use
NUD · Sparks, NV
Zoning NUD · permitted uses
NUD · 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
22
Units
22
Lot
36 ac
Current owner
From public records · entity-resolved
B33 Sparks Crossing III LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3060 PEACHTREE RD NW STE #400, ATLANTA, GA 30305-2239
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$70,100,000
B33 Sparks Crossing III LLC
Rcg Sparks LLC
Bargain & Sale Deed
—
Apr 29, 2025
—
Sierra Trading Post INC
Rcg Sparks LLC
Deed
—
Sep 6, 2024
—
Rcg Sparks LLC
—
Deed
related
$81,983 · Cibc Bank USA
May 22, 2017
$40,278,500
Rcg-sparks LLC
Ia Sparks Crossing LLC
Trustees Deed
$45,075,000 · Miscellaneous Ins Co
Mar 25, 2011
$38,642,000
Inland American Sparks Crossin
Morrison Grove Cap Invs Sparks
Grant Deed
—
Mar 25, 2011
—
Grove Cap Invs Spark Morrison
Aig Baker Sparks LLC
Deed In Lieu Of Foreclosure
related
—
Jan 9, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Aig Baker Sparks LLC
—
Deed Of Trust
related
—
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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