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Property profile & analytics
FOR LEASE
Office buildings
1301 N Mccarran Blvd Sparks, NV 89431
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US62-0369687
For Lease
1 / 2
$1,400,000
1301 N Mccarran Blvd, Sparks, NV 89431
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
6,160 SF
Lot
2.34 ac (102,061 SF)
Zoning code
MUD
APN
033-221-24
UPID
US62-0369687
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
-
NewFields Engineering Consultant
-
Insurance & Investment Managers Inc. Insurance Agency
-
Absolute Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.40M
Owner & transaction history
Liberty Capital Partners LLC · 13 yrs held
Liberty Capital Partners LLC
since 2012
4 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+35.4%
Apartment house (5+ units)
$2.0M
+27.8%
Industrial (general)
$1.8M
+11.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
MEDICAL BUILDING
$2,155,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,035,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,775,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,650,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,545,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$227 / 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
$36,434
Tax year 2023
Assessed value
$1,035,915
Assessed 2023
Previous assessed
$919,531
+12.7% YoY
Effective rate
3.52%
On assessed value
Assessed land
$338,917
Assessed improvement
$696,998
Land market value
$968,335
Improvement market value
$1,991,422
Total market value
$2,959,757
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
For Lease
Year built
1989
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
6,160 SF
Lot
2.34 ac (102,061 SF)
Zoning code
MUD
APN
033-221-24
UPID
US62-0369687
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
$1.6M
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.34 ac
Current owner
From public records · entity-resolved
Liberty Capital Partners LLC
Entity
Mailing address
PO BOX 12267, ZEPHYR COVE, NV 89448-4267
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2012
$775,000
Liberty Capital Partners LLC
1301 North Mccarran Boulevard
Grant Deed
—
May 10, 2012
$719,666
1301 North Mccarran Boulevard
Ballard Spahr LLP
Trustees Deed
related
—
Sep 6, 2006
—
Johnny A Ribeiro JR.
Ribeiro,linda
Quit Claim Deed
$2,525,000 · Skymar Capital Corp
Dec 10, 1998
$8,000
Johnny A Ribiero
Ribeiro,johnny A & Lora L
Grant Deed
$2,000,000 · Tmg Life Insurance Co
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?”
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