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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Office buildings
140 Inventors Pl Sparks, NV 89441-5208
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0386322
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
3,952 SF
Lot
2 ac (87,120 SF)
Zoning code
I
APN
530-470-18
UPID
US62-0386322
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
-
Concrete North, Inc. Construction Company General Contractor
-
Comstock Distillers Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.53M
Owner & transaction history
Grimes Inventors Place LLC · 6 yrs held
Grimes Inventors Place LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+26.3%
Commercial (general)
$1.4M
+24.9%
Retail stores
$1.2M
+9.8%
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
$1,315,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
MEDICAL BUILDING
$1,380,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,370,000
Change: +25% · Conversion: Easy
RETAIL STORES
$1,200,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.48M (Jan 7 2020)
Last sale anchor
$1.48M
Jan 7 2020
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
$386 / 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
$12,312
Tax year 2023
Assessed value
$422,894
Assessed 2023
Previous assessed
$351,087
+20.5% YoY
Effective rate
2.91%
On assessed value
Assessed land
$121,968
Assessed improvement
$300,926
Land market value
$348,480
Improvement market value
$859,789
Total market value
$1,208,269
Applied tax rate
4,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,952 SF
Lot
2 ac (87,120 SF)
Zoning code
I
APN
530-470-18
UPID
US62-0386322
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
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Grimes Inventors Place LLC
Entity
Mailing address
95 OX YOKE LN, RENO, NV 89521-9695
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2020
$1,475,000
Grimes Inventors Place LLC
Nvgn Re Holdings LLC
Grant Deed
—
Nov 27, 2019
—
Nvgn Re Holdings LLC
—
Trustees Deed
related
$75,000 · Other Institutional Lenders
Jul 8, 2019
—
Nvgn Re Holdings LLC
—
Deed
related
$750,000 · Hankey Cap
May 17, 2018
—
Nvgn Re Holdings LLC
—
Deed
related
$7,500,000 · Hhr Partners Series III LLC
May 15, 2018
—
Nvgn Re Holdings LLC
—
Deed
related
$750,000 · Hankey Cap
Aug 23, 2017
$1,500,000
Nvgn Re Holdings LLC
Keyproperty LLC
Grant Deed
—
Sep 7, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Nvgn Re Holdings LLC
—
Loan Modification
related
$750,000 · Hankey Cap
—
—
Nvgn Re Holdings LLC
—
Deed Of Trust
related
$750,000 · Hankey Cap
—
—
Nvgn Re Holdings LLC
—
Deed Of Trust
related
$7,500,000 · Hhr Partners Series III LLC
—
—
Keyproperty LLC
—
Deed Of Trust
related
$984,567 · Colonial Bank
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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