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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Super regional malls
1330 Scheels Dr Sparks, NV 89434-4419
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0832213
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
STEEL FRAME
Total area
23,990 SF
Lot
16.47 ac (717,477 SF)
Zoning code
NUD
APN
037-421-10
UPID
US62-0832213
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
-
Nike Factory Store - Reno (Bike/Boat/Book/etc) Store
-
GUESS Factory Men'S Clothing Store Shoe Store
-
Torrid (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
rue21 Clothing Store Fashion Accessories Store
-
Oakley Vault (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$4.70M
Owner & transaction history
Yard House USA INC · 2 yrs held
Yard House USA INC
since 2024
7 recorded transactions
Zoning & alternative use
NUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±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
$196 / 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
$965,645
Tax year 2023
Assessed value
$28,816,584
Assessed 2023
Previous assessed
$24,425,937
+18.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$2,410,723
Assessed improvement
$26,405,861
Land market value
$6,887,779
Improvement market value
$75,445,318
Total market value
$82,333,097
Applied tax rate
2,002.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
7
Total area
23,990 SF
Lot
16.47 ac (717,477 SF)
Zoning code
NUD
APN
037-421-10
UPID
US62-0832213
Jurisdiction
WASHOE
Zoning & alternative use
NUD · Sparks, NV
Zoning NUD · permitted uses
NUD · 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.
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
16.47 ac
Current owner
From public records · entity-resolved
Yard House USA INC
Entity
Free & Clear · 2 yrs held
Mailing address
1 E WASHINGTON ST STE #300, PHOENIX, AZ 85004-2513
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
Yard House USA INC
Big Sparks LLC
Lease
—
Jul 11, 2023
—
Red Sparks Spe LLC
Viking Properties Sparks LLC
Agreement Of Sale
—
Feb 1, 2018
—
Red Sparks Spe LLC
—
Grant Deed
related
$69,030,000 · Big Shopping Centers Ltd
Dec 28, 2017
—
Red Sparks Spe LLC
Sparks Legends Dev INC
Quit Claim Deed
related
$39,000,000 · Keybank USA
Nov 8, 2017
$12,000,000
Toll Nv LP
Rrw Stonebrook LLC
Trustees Deed
$11,500,000 · Rrw Stonebrook LLC
Aug 7, 2017
$56,267,000
Sparks Legends Dev INC
Sparks Legends Dev INC
Trustees Deed
related
$39,000,000 · Keybank USA
Jun 28, 2016
—
Sparks Legends Outlet Shops Ll
Sparks Legends Dev INC
Quit Claim Deed
related
—
Jun 24, 2016
—
Sparks Legends Outlet Shops Ll
—
Grant Deed
related
$9,000,000 · Western Alliance Bk
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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