1315 Scheels Dr Sparks, NV 89434-4412
Property profile & analytics
1315 Scheels Dr, Sparks, NV 89434-4412
- Outlet malls
- 29,537 SF
- 4.10 lot acres
Property ID
US62-0755938
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Crunch Fitness - Sparks / Gym & Fitness Center
Property Details for 1315 Scheels Dr
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.10 lot acres
- Zone code
- NUD
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 037-031-05
- APU
- 3703105
Description
This exceptional 45,068 square foot shopping center, built in 2008, presents a compelling investment opportunity. Located at 1315 Scheels Drive in Sparks, Nevada (89434), within the Outlets at Legends, a premier power center attracting over 10.1 million visitors annually. The property boasts 100% occupancy with three strong tenants: Old Navy (corporate lease), Crunch Fitness (with a significant personal guarantee), and Creative Hot Tub Designs (lease extended April 2024). The center benefits from its strategic location within the Outlets at Legends, anchored by major retailers such as Target, Lowe's, and a regional IMAX theatre, ensuring consistent high traffic. The presence of Scheels, a massive 295,000 square foot sporting goods retailer, further enhances the property's visibility and draws significant customer traffic from a wide area. The asking price is $8,562,000, representing a price per square foot of $189.98 and a 7.50% cap rate, with a current NOI of $642,119. The property sits on a 4.1-acre lot. Nevada's tax-free status adds to the investment's attractiveness. This is a rare opportunity to acquire a high-performing retail asset in a prime location with strong, established tenants and exceptional visibility.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $27,000,000
- ML approach
- $27,000,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $22,425,000
- RESTAURANT
- $16,670,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.72
- Latitude
- 39.5297
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$88,006
$750,653
$1,767,463
$2,518,116
-
$2,144,724
$5,049,893
$7,194,617
