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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Grocery and convenience stores
12155 Interstate 80th E Sparks, NV 89434-9509
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0271381
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,368 SF
Lot
1.77 ac (77,145 SF)
Zoning code
I
APN
084-090-33
UPID
US62-0271381
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
$840k
Comparable Approach
Comparable
$415k
Blend (final)
Blend
$660k
Owner & transaction history
Gill LLC · 11 yrs held
Gill LLC
since 2015
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Top alternative use upside
Medical building
$830,000
+15.0%
Commercial (general)
$820,000
+13.8%
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%
$915,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
RETAIL STORES
$720,000
Current use
MEDICAL BUILDING
$830,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$655,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$279 / 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
$14,696
Tax year 2023
Assessed value
$477,225
Assessed 2023
Previous assessed
$419,399
+13.8% YoY
Effective rate
3.08%
On assessed value
Assessed land
$134,978
Assessed improvement
$342,247
Land market value
$385,650
Improvement market value
$977,849
Total market value
$1,363,499
Applied tax rate
4,000.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,368 SF
Lot
1.77 ac (77,145 SF)
Zoning code
I
APN
084-090-33
UPID
US62-0271381
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NVZoning I · permitted uses
I · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$720,000
MEDICAL BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING
Est. value
$655,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Gill LLC
Entity
Mailing address
12155 INTERSTATE 80TH E, SPARKS, NV 89434-9509
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2015
$910,000
Gill LLC
Bellann Raile
Bargain And Sale Deed
$735,000 · Celtic Bank Corporation
Apr 28, 2006
$1,970,000
Davinder S Bajwa
Mustang Corners LLC
Grant Deed
$1,869,000 · Community National Bank
Feb 13, 2004
$585,260
Mustang Corners LLC
Truckee Canyon Properties Ltd
Grant Deed
—
Jun 4, 2003
—
Truckee Canyon Properties Ltd
Truckee Canyon Properties Ltd
Quit Claim Deed
related
$1,250,000 · Colonial Bank
—
—
Gill LLC
—
Deed Of Trust
related
—
—
—
Davinder S Bajwa
—
Deed Of Trust
related
—
—
—
Davinder S Bajwa
—
Deed Of Trust
related
$16,000 · Mustang Corners LLC
—
—
Mustang Corners LLC
—
Deed Of Trust
related
$1,250,000 · Sunwest Bank
—
—
Truckee Canyon Properties Ltd
—
Deed Of Trust
related
—
—
—
Mustang Corners 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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