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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Medical Office Space
1441 Pullman Dr Sparks, NV 89434-7921
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0382597
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
6,710 SF
Lot
1.06 ac (46,391 SF)
Zoning code
MUD
APN
037-020-32
UPID
US62-0382597
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
-
My Women's Center Physician Medical Clinic
-
Mary Patterson Physician
-
My Women's Center: Karen Wood, APRN Physician
-
Elizabeth Hutson Physician Medical Clinic
-
Hanna Sauer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
1441 Pullman LLC · 8 yrs held
1441 Pullman LLC
since 2017
7 recorded transactions
Zoning & alternative use
MUD · 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%
$1,630,000
6.5%
$1,505,000
7%
$1,395,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,040,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$19,100
Tax year 2023
Assessed value
$553,325
Assessed 2023
Previous assessed
$482,698
+14.6% YoY
Effective rate
3.45%
On assessed value
Assessed land
$138,768
Assessed improvement
$414,557
Land market value
$396,481
Improvement market value
$1,184,449
Total market value
$1,580,930
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,710 SF
Lot
1.06 ac (46,391 SF)
Zoning code
MUD
APN
037-020-32
UPID
US62-0382597
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
RETAIL STORES
Est. value
$2.0M
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
1441 Pullman LLC
Entity
Mailing address
1441 PULLMAN DR, SPARKS, NV 89434-7921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2017
$1,799,000
1441 Pullman LLC
Lucia Group LLC
Grant Deed
$1,799,000 · Bank Of America
Mar 3, 2005
—
Lucia Group LLC
Lucia,michael
Quit Claim Deed
related
—
Oct 15, 2004
$260,000
Michael Lucia
Joseph Rentals LLP
Grant Deed
$195,000 · First Independent Bank Nevada
Jul 15, 2002
—
Joseph Rentals LLP
Joseph,richard M
Quit Claim Deed
related
—
Jun 27, 2001
$104,000
Richard M Joseph
Rodgers,jeffry J & Rosemarie
Grant Deed
$73,962 · Jeffry J & Rosemarie
Apr 26, 1996
$21,500
Rodgers,jeffry J & Rosemarie
Wolz Trust
Trustees Deed
—
Apr 26, 1996
$43,000
Rodgers,jeffry J & Rosemarie
Larrance,bette
Trustees Deed
—
Apr 26, 1996
$32,500
Rodgers,jeffry J & Rosemarie
Baker,gary R
Trustees Deed
—
Apr 26, 1996
$11,000
Rodgers,jeffry J & Rosemarie
Wolz,shirley
Trustees Deed
$136,000 · Mcdonald Trust
Mar 13, 1996
—
Bette Larrance
Baker Trust
Grant Deed
related
—
—
—
Lucia Group LLC
—
Deed Of Trust
related
$934,245 · Bank Of America
—
—
Joseph Rentals LLP
—
Deed Of Trust
related
$159,938 · Heritage Bank Nevada
—
—
Lucia Group LLC
—
Deed Of Trust
related
$752,000 · Nevada State Development Corp
—
—
Lucia Group LLC
—
Deed Of Trust
related
$1,071,000 · Bank Of America
—
—
Lucia Group LLC
—
Deed Of Trust
related
$468,000 · Bank Of America
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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