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Property profile & analytics
OFF-MARKET
Estimated value
$8,145,000
Grocery and convenience stores
125 Disc Dr Sparks, NV 89436-7704
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0357512
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,571 SF
Lot
11.27 ac (490,921 SF)
Zoning code
NUD
APN
510-083-09
UPID
US62-0357512
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
-
Sprouts Farmers Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.88M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$8.15M
Owner & transaction history
Sparks Galleria Reh LLC · 6 yrs held
Sparks Galleria Reh LLC
since 2019
6 recorded transactions
Zoning & alternative use
NUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
New Urban District
General category
UNKNOWN
Zone area
6,798.11 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$12.6M
+35.7%
Medical building
$10.7M
+15.0%
Commercial (general)
$10.6M
+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%
$11,785,000
6.5%
$10,875,000
7%
$10,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,300,000
Current use
INDUSTRIAL (GENERAL)
$12,620,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$10,695,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,580,000
Change: +14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,090,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$8,470,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$8.15M
Range $7.33M – $8.96M · ±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
$266 / 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
$144,201
Tax year 2023
Assessed value
$6,118,947
Assessed 2023
Previous assessed
$5,581,859
+9.6% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,460,231
Assessed improvement
$4,658,716
Land market value
$4,172,089
Improvement market value
$13,310,618
Total market value
$17,482,707
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
30,571 SF
Lot
11.27 ac (490,921 SF)
Zoning code
NUD
APN
510-083-09
UPID
US62-0357512
Jurisdiction
WASHOE
Zoning & alternative use
NUD · Sparks, NVZoning NUD · permitted uses
NUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
New Urban District
General category
UNKNOWN
Zone area
6,798.11 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.3M
INDUSTRIAL (GENERAL)
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
11.27 ac
Current owner
From public records · entity-resolved
Sparks Galleria Reh LLC
Entity
Mailing address
530 B ST STE #2050, SAN DIEGO, CA 92101-4496
Ownership since
2019
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
Oct 9, 2019
$36,190,000
Sparks Galleria Reh LLC
Sparks Retail Associates LLC
Trustees Deed
$23,523,500 · Dbr Investments Co Ltd
Aug 30, 2017
—
Sparks Retail Associates LLC
—
Grant Deed
related
$21,996,000 · Mb Fin'l Bk
Nov 27, 2013
$26,200,000
Sparks Retail Associates LLC
Sparks Galleria Center LLC
Bargain And Sale Deed
—
Jun 28, 2013
—
Sparks Galleria Center LLC
Sparks Galleria Investors LLC
Quit Claim Deed
—
Jun 28, 2013
$6,527,000
Sparks Galleria Center LLC
Sparks Galleria Center LLC
Grant Deed
related
$10,000,000 · Wells Fargo Bank
Mar 6, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
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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