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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
1210 Kleppe Ln Sparks, NV 89431-6420
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0097532
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
METAL FRAME
Total area
2,709 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I
APN
034-262-02
UPID
US62-0097532
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
$625k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$625k
Owner & transaction history
The Capurro Family Trust · 1 yrs held
The Capurro Family Trust
since 2025
Last sale
$680,000
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$950,000
+35.4%
Retail stores
$725,000
+3.7%
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
$585,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
MEDICAL BUILDING
$950,000
Change: +35% · Conversion: Easy
RETAIL STORES
$725,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$680,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $680k (Apr 21 2022)
Last sale anchor
$680k
Apr 21 2022
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
$231 / 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
$13,084
Tax year 2023
Assessed value
$487,539
Assessed 2023
Previous assessed
$419,984
+16.1% YoY
Effective rate
2.68%
On assessed value
Assessed land
$373,220
Assessed improvement
$114,319
Land market value
$1,066,344
Improvement market value
$326,626
Total market value
$1,392,970
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
METAL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
2,709 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I
APN
034-262-02
UPID
US62-0097532
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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
OFFICE BUILDING Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$630,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.06 ac
Current owner
From public records · entity-resolved
The Capurro Family Trust
Trust
Mailing address
45 LLAMA CT, RENO, NV 89511-6640
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
Jun 4, 2025
—
The Capurro Family Trust
Allen Amended Capurro Family 1996 T
Deed
related
—
May 7, 2025
—
Clinton D Capurro
Allen L Capurro
Deed
related
—
Apr 21, 2022
—
Clinton D Capurro
A And C Properties LLC
Quit Claim Deed
related
—
Jul 17, 2000
$680,000
A & C Properties LLC
New Harmony
Grant Deed
$510,000 · Nevada State Bank
Aug 9, 1995
$850,000
New Harmony LLC
Meredith,thomas K
Grant Deed
—
—
—
A & C Properties LLC
—
Deed Of Trust
related
$795,033 · Sunwest Bank
—
—
A & C Properties LLC
—
Deed Of Trust
related
$900,000 · First National Bank Nevada
—
—
A & C Properties LLC
—
Deed Of Trust
related
$740,000 · Nevada State Bank
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.
Try Rey
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