Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Office buildings
130 Circuit Ct Sparks, NV 89441-5211
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0403174
Property summary
AI-generated overview
This exceptional investment opportunity presents a 6,594 square foot warehouse situated on a 1.21-acre lot in Sparks, Nevada. Built in 2006, the single-story building features 11' to 15' ceilings and offers 12 parking spaces. Currently generating a NOI of $68,664, resulting in a 3.43% cap rate, the property boasts significant upside potential with a pro-forma NOI of $144,000 and a pro-forma cap rate of 7.20%. The property is zoned I and includes two units, each priced at $1,000,000. The asking price for the entire property is $2,000,000, translating to a price per square foot of $303.31. Located at 130 Circuit Ct, Sparks, NV 89436 (APN 53047039), this warehouse presents a compelling investment prospect with strong potential for increased profitability. The property's strategic location in Washoe County offers convenient access to major transportation routes and a thriving business community. This is an ideal opportunity for investors seeking a high-yield industrial property with significant value-add potential.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
6,594 SF
Lot
1.21 ac (52,882 SF)
Zoning code
I
APN
530-470-29
UPID
US62-0403174
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
-
Sierra Design Concrete Construction Company General Contractor
-
Starbucks Cafe & Coffee Shop
-
BreathRox Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.73M
Owner & transaction history
Gfi Nevada LLC · 1 yrs held
Gfi Nevada LLC
since 2025
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.7M
+49.0%
Medical building
$2.3M
+26.3%
Commercial (general)
$2.3M
+24.9%
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%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,825,000
Current use
INDUSTRIAL (GENERAL)
$2,720,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$2,305,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,280,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Change: +19% · Conversion: Easy
RETAIL STORES
$2,005,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.80M (Mar 24 2025)
Last sale anchor
$1.80M
Mar 24 2025
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
$262 / 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
$10,328
Tax year 2023
Assessed value
$353,540
Assessed 2023
Previous assessed
$295,012
+19.8% YoY
Effective rate
2.92%
On assessed value
Assessed land
$74,033
Assessed improvement
$279,507
Land market value
$211,524
Improvement market value
$798,591
Total market value
$1,010,115
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
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
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
6,594 SF
Lot
1.21 ac (52,882 SF)
Zoning code
I
APN
530-470-29
UPID
US62-0403174
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
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Gfi Nevada LLC
Entity
Mailing address
130 CIRCUIT CT, SPARKS, NV 89441-5211
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
$1,800,000
Gfi Nevada LLC
The Rodoni Family Trust
Bargain & Sale Deed
$1,530,000 · Mountain America FCU
Aug 23, 2017
—
Russell J Rodoni
Sierra Design Concrete LLC
Bargain And Sale Deed
$540,000 · Zb NA
Jul 18, 2006
—
Sierra Design Concrete LLC
Rodoni Family Trust
Grant Deed
—
Feb 13, 2006
—
Rodoni Family Trust
Rodoni,russel J & Karen A
Quit Claim Deed
related
—
Dec 28, 2005
—
Russell J Rodoni
Rodoni Fam Trust Agreement
Quit Claim Deed
related
$850,000 · Nevada Security Bank
Jan 14, 2005
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 130 Circuit Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
