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    Property profile & analytics

    1356 Prater Way Sparks, NV 89431-0905

    • Drive through restaurants
    • 1,296 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $665,000
    Last Sale
    Oct 06, 2023
    $750,000
    Location Intelligence
    Property ID
    US62-0099516
    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.

    Current Use by Public Records

    • Scoopers Drive-in / Hamburger Restaurant / American Restaurant

    Property Details for 1356 Prater Way

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Property size
    1,296 SF
    Zone code
    MUD
    Property type
    Drive through restaurants
    APN
    031-360-11
    APU
    3136011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $595,000
      6.5%
      $580,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $720,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $585,000
      Mixed-Use
      $695,000
      Hospitality
      $580,000
      Educational
      $675,000
      Residential Income
      $580,000
      Energy
      $685,000
      Income-Based Land
      $540,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.761
    Latitude
    39.5391
    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
    $3,751
    $76,618
    $34,382
    $111,000
    -
    $218,908
    $98,235
    $317,143

    Comparable in this City

    • Value Estimation
      $340,000
      1,951 SF

      2201 Prater Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,951 SF
      2201 Prater Way, Sparks, NV 89431-4714
      View Details
    • Value Estimation
      $340,000
      1,200 SF

      225 Mccarran Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      225 Mccarran Blvd, Sparks, NV 89431-5439
      View Details
    • Value Estimation
      $1,385,000
      2,929 SF

      470 Mccarran Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,929 SF
      470 Mccarran Blvd, Sparks, NV 89431-5277
      View Details
    • Value Estimation
      $490,000
      4,495 SF

      2905 Mccarran Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,495 SF
      2905 Mccarran Blvd, Sparks, NV 89431-1883
      View Details
    • Value Estimation
      $3,475,000
      2,685 SF

      200 Prater Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,685 SF
      200 Prater Way, Sparks, NV 89431-7601
      View Details
    • Value Estimation by Request
      2,316 SF

      275 Mccarran Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,316 SF
      275 Mccarran Blvd, Sparks, NV 89431-5439
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $1.25 SF/Yr
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      Restaurant Retail Space Available

      Retail space built out as a restaurant for lease.
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    • $12 SF/Yr
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      Retail Space on Prater Way

      Retail space available for lease in Sparks, Nevada.
      550-668 E Prater Way, Sparks, NV 89431
      View Details
    • $11,300,000
      2,079 SF

      Retail Space in Sparks, Nevada

      Retail spaces available in Sparks, anchored by Walgreens and grocery store.
      2125-2285 Oddie Blvd, Sparks, NV 89431
      View Details
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    Sparks, NV 89431-0905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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