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Property profile & analytics
FOR LEASE
Warehouses
1450 East Greg St Sparks, NV 89431
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0358468
For Lease
1 / 2
$20,805,000
1450 East Greg St, Sparks, NV 89431
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
201,547 SF
Lot
17.79 ac (774,932 SF)
Zoning code
I
APN
034-163-17
UPID
US62-0358468
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
-
J-B Machine Co Industrial Manufacturer
-
Garlock Printing & Converting Business Service Center Corporate Office
-
Tranzonic / CCP Industries Warehouse & Storage
-
Bridgestone HosePower Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.81M
Owner & transaction history
Icon Reno Property Owner Pool · 11 yrs held
Icon Reno Property Owner Pool
since 2015
7 recorded transactions
Zoning & alternative use
I · 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%
$26,415,000
6.5%
$24,385,000
7%
$22,640,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,175,000
Current use
Blend value · Realmo final
$20.81M
Range $18.72M – $22.89M · ±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
$103 / 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
$191,702
Tax year 2023
Assessed value
$5,739,439
Assessed 2023
Previous assessed
$4,845,700
+18.4% YoY
Effective rate
3.34%
On assessed value
Assessed land
$1,481,573
Assessed improvement
$4,257,866
Land market value
$4,233,066
Improvement market value
$12,165,331
Total market value
$16,398,397
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
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
201,547 SF
Lot
17.79 ac (774,932 SF)
Zoning code
I
APN
034-163-17
UPID
US62-0358468
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
$32.2M
WAREHOUSE, STORAGE Current
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
17.79 ac
Current owner
From public records · entity-resolved
Icon Reno Property Owner Pool
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2015
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
Feb 12, 2024
—
Icon Reno Property Owner Pool 3 Nv
—
Deed
related
$225,000,000 · Wells Fargo Bank NA
Oct 3, 2019
—
Icon Reno Prop Owner Pool 3 Ne
—
Grant Deed
related
—
Apr 6, 2015
—
Icon Reno Property Owner Pool
Bre Of Reno Property Owner LLC
Trustees Deed
related
$822,000,000 · Goldman Sachs Mtg
Aug 8, 2013
—
Bre Of Reno Property Owner LLC
Prologis Na3 Nv III LLC
Grant Deed
—
May 6, 2013
—
Prologis Na3 Nv III LLC
—
Deed Of Trust
related
$100,000,000 · Northwestern Mutual Life Ins
Jul 20, 2007
—
Prologis Na3 LLC
Dp Industrial LLC
Grant Deed
—
—
—
Bre Of Reno Property Owner LLC
—
Deed Of Trust
related
$530,000,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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