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Property profile & analytics
OFF-MARKET
Estimated value
$7,765,000
Industrial properties
1320 Freeport Blvd Sparks, NV 89431-5943
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0363712
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,292 SF
Lot
2.91 ac (126,629 SF)
Zoning code
I
APN
034-091-03
UPID
US62-0363712
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
-
Allied Universal Security Service
-
Nevada Quick Search, Inc. - NV Lic #1384 Law Firm Security Service
-
CUTTING IMAGE LLC (Bike/Boat/Book/etc) Store Printing Service
-
NuCO2 Industrial Gas Supplier
-
Asbestos TEM Laboratories, Inc. Construction Company Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.77M
Owner & transaction history
Dig Reno 1320 1350 Freeport LLC · 2 yrs held
Dig Reno 1320 1350 Freeport LLC
since 2024
Last sale
$7.8M
3 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.9M
+21.2%
Apartment house (5+ units)
$8.4M
+14.4%
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
$7,765,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,300,000
Current use
MEDICAL BUILDING
$8,850,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,350,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$6,780,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$6,535,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,345,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.77M
Range $6.99M – $8.54M · ±10% · vs last sale $7.76M (Apr 12 2024)
Last sale anchor
$7.76M
Apr 12 2024
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
$307 / 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
$35,430
Tax year 2023
Assessed value
$1,220,594
Assessed 2023
Previous assessed
$1,220,594
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$398,878
Assessed improvement
$821,716
Land market value
$1,139,652
Improvement market value
$2,347,760
Total market value
$3,487,412
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
25,292 SF
Lot
2.91 ac (126,629 SF)
Zoning code
I
APN
034-091-03
UPID
US62-0363712
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.91 ac
Current owner
From public records · entity-resolved
Dig Reno 1320 1350 Freeport LLC
Entity
Mailing address
6725 VIA AUSTI PKWY STE #365, LAS VEGAS, NV 89119-3553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$7,764,408
Dig Reno 1320 1350 Freeport LLC
1320 1350 Freeport LLC
Bargain And Sale Deed
$6,178,265 · 1320-1350 Freeport LLC
Aug 26, 2009
—
1320-1350 Freeport LLC
Ribeiro Johnny A Fam Trust
Grant Deed
—
Jan 12, 2000
—
Johnny A Ribeiro
Ribeiro,johnny A
Quit Claim Deed
related
$1,694,000 · Life Investors Insurance
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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