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Property profile & analytics
OFF-MARKET
Estimated value
$8,380,000
Auto shops
1550 Greg St Sparks, NV 89431-6550
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0428832
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,950 SF
Lot
5.96 ac (259,705 SF)
Zoning code
I
APN
034-163-19
UPID
US62-0428832
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
-
Empire Power Systems (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Empire Cat Truck and Trailer Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.27M
Blend (final)
Blend
$8.38M
Owner & transaction history
Sreit 1550 Greg Street LLC · 5 yrs held
Sreit 1550 Greg Street LLC
since 2021
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.7M
+50.2%
Apartment house (5+ units)
$8.2M
+41.7%
Industrial (general)
$7.2M
+23.9%
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
$9,005,000
ML approach
$10,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,810,000
Current use
MEDICAL BUILDING
$8,730,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,235,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,200,000
Change: +24% · Conversion: Easy
RETAIL STORES
$6,685,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$6,445,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$8.38M
Range $7.54M – $9.22M · ±10% · vs last sale $7.78M (Jun 2 2021)
Last sale anchor
$7.78M
Jun 2 2021
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
$336 / 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
$46,301
Tax year 2023
Assessed value
$1,391,656
Assessed 2023
Previous assessed
$1,169,082
+19.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$668,091
Assessed improvement
$723,565
Land market value
$1,908,832
Improvement market value
$2,067,329
Total market value
$3,976,161
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
24,950 SF
Lot
5.96 ac (259,705 SF)
Zoning code
I
APN
034-163-19
UPID
US62-0428832
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
AUTO REPAIR, GARAGE Current
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
AUTO REPAIR, GARAGE 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5.96 ac
Current owner
From public records · entity-resolved
Sreit 1550 Greg Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1255 23RD ST NW STE #250, WASHINGTON, DC 20037-1168
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Sreit 1550 Greg Street LLC
—
Deed
related
—
Jun 2, 2021
$7,775,165
Sreit 1550 Greg Street LLC
Icon Reno Property Owner Pool 3 Nv
Bargain And Sale Deed
—
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
Jun 16, 2008
—
Prologis Na3 Nv III LLC
Prologis Na3 LLC
Quit Claim Deed
—
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.
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