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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Grocery and convenience stores
1365 Baring Blvd Sparks, NV 89434-8667
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0043942
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,560 SF
Lot
0.64 ac (28,004 SF)
Zoning code
C2
APN
030-041-08
UPID
US62-0043942
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
-
Chevron Grocery & Convenience Store
-
Cardtronics ATM Atm
-
Jacksons Food Stores Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.94M
Owner & transaction history
Jacksons Food Stores INC · 2 yrs held
Jacksons Food Stores INC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C2 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+149.6%
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
$2,020,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,945,000
Change: +150% · Conversion: Moderate
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $2.60M (Nov 21 2023)
Last sale anchor
$2.60M
Nov 21 2023
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
$758 / 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
$11,814
Tax year 2023
Assessed value
$321,808
Assessed 2023
Previous assessed
$298,239
+7.9% YoY
Effective rate
3.67%
On assessed value
Assessed land
$134,769
Assessed improvement
$187,039
Land market value
$385,055
Improvement market value
$534,398
Total market value
$919,453
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,560 SF
Lot
0.64 ac (28,004 SF)
Zoning code
C2
APN
030-041-08
UPID
US62-0043942
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NV
Zoning C2 · permitted uses
C2 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Jacksons Food Stores INC
Entity
Free & Clear · 2 yrs held
Mailing address
3450 E COMMERCIAL CT, MERIDIAN, ID 83642-8915
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$2,600,000
Jacksons Food Stores INC
Bernadette Wray
Warranty Deed
—
May 20, 2014
$3,100,000
Wray,richard Family 1981 Trust
Wooley E C & J A Trust
Grant Deed
—
Jul 5, 2007
—
Berry-hinckley Industries
—
Deed Of Trust
related
$74,000,000 · First National Bank Nevada
Jul 21, 2006
$3,287,000
Edward C Wooley
Spirit Spe Portfolio 2005-5 LLC
Special Warranty Deed
$2,100,000 · Dba South Valley National Bank
Oct 13, 2005
—
Record Owner
Owner,record
Quit Claim Deed
—
Jan 16, 2001
—
Bhe LLC
—
Deed Of Trust
related
$33,717,980 · Wells Fargo Bank
Aug 29, 1995
$2,833,500
Berrry-hinckley Enterprises
Pdq Food Stores Of Nevada INC
Grant Deed
—
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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