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Property profile & analytics
OFF-MARKET
Estimated value
$4,195,000
Warehouses
1425 Hulda Ct Sparks, NV 89431-7125
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0366686
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
METAL FRAME
Total area
17,200 SF
Lot
2 ac (87,120 SF)
Zoning code
I
APN
034-162-14
UPID
US62-0366686
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
-
First Class Vending Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.01M
Blend (final)
Blend
$4.20M
Owner & transaction history
Hulda Way Investments LLC · 3 yrs held
Hulda Way Investments LLC
since 2022
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.0M
+119.1%
Apartment house (5+ units)
$5.7M
+106.8%
Industrial (general)
$5.0M
+80.8%
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
$3,895,000
ML approach
$4,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,745,000
Current use
MEDICAL BUILDING
$6,015,000
Change: +119% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,680,000
Change: +107% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,965,000
Change: +81% · Conversion: Easy
RETAIL STORES
$4,610,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$4,445,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±10% · vs last sale $4.53M (Aug 9 2022)
Last sale anchor
$4.53M
Aug 9 2022
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
$244 / 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
$17,059
Tax year 2023
Assessed value
$516,383
Assessed 2023
Previous assessed
$436,416
+18.3% YoY
Effective rate
3.30%
On assessed value
Assessed land
$260,707
Assessed improvement
$255,676
Land market value
$744,876
Improvement market value
$730,504
Total market value
$1,475,380
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
17,200 SF
Lot
2 ac (87,120 SF)
Zoning code
I
APN
034-162-14
UPID
US62-0366686
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
WAREHOUSE, STORAGE Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1994
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Hulda Way Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3990 W NAPLES DR, LAS VEGAS, NV 89103-5529
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$4,530,000
Hulda Way Investments LLC
Nv Summit LLC
Bargain And Sale Deed
—
Jun 15, 2021
$1,000,000
Nv Summit LLC
Tyres International Industries INC
Bargain And Sale Deed
—
Nov 3, 2017
—
Tyres Intl Industries INC
—
Loan Modification
related
$16,895,514 · Keybank USA
Jul 29, 1994
—
Tyres International Industries
Tyres Internatio
Quit Claim Deed
related
$6,000 · Household Finance Realty Co Nv
—
—
Tyres International Industries
—
Deed Of Trust
related
$17,936,000 · Keybank USA
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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