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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1643 Kinglet Dr Sparks, NV 89441-6801

    • Investment properties
    • 2,500 SF
    • 336.38 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0509263
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1643 Kinglet Dr

    Lot size
    336.38 lot acres
    Property size
    2,500 SF
    Zone code
    PR 90% / GR 10%
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    089-160-04
    APU
    8916004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $592,000
      Market price range: $239k - $723k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $865,000
      Current use
      MEDICAL BUILDING
      $875,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $760,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $695,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.729
    Latitude
    39.6723
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $171,108
    $0.00
    $171,108
    -
    $488,880
    $0.00
    $488,880

    Comparable in this City

    • Value Estimation
      $46,480,000
      238,764 SF

      275 Neighborhood Way

      STORE/OFFICE (MIXED USE) • 238,764 SF
      275 Neighborhood Way, Sparks, NV 89441-9303
      View Details
    • Value Estimation by Request
      2.02 Acres

      De La Plata Clle

      STORE/OFFICE (MIXED USE) • 2.02 Acres
      De La Plata Clle, Sparks, NV 89441
      View Details
    • Value Estimation by Request
      0.10 Acres

      1102 Calle De La Plataa

      STORE/OFFICE (MIXED USE) • 0.10 Acres
      1102 Calle De La Plataa, Sparks, NV 89441
      View Details
    • Value Estimation by Request
      0.08 Acres

      9730 Pyramid Way

      STORE/OFFICE (MIXED USE) • 0.08 Acres
      9730 Pyramid Way, Sparks, NV 89441-6258
      View Details
    • Value Estimation by Request
      2.78 Acres

      Pyramid Way

      STORE/OFFICE (MIXED USE) • 2.78 Acres
      Pyramid Way, Sparks, NV 89441
      View Details
    • Value Estimation by Request
      1.99 Acres

      Pyramid Way

      STORE/OFFICE (MIXED USE) • 1.99 Acres
      Pyramid Way, Sparks, NV 89441
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,880 SF

      Sparks Industrial Warehouse For Sale/Lease

      25,880 SF Industrial Space, Nevada
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    • Contact for pricing
      10 SF

      Campo Rico Lane Land Opportunity

      Approximately 10 acres of land near Spanish Springs Industrial Park.
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      Commercial land with high visibility and development potential.
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    • $125,000
      40.15 Acres

      Spectacular 40-Acre Parcel in Sparks

      40-acre parcel with city skyline and mountain views.
      1460 Tres Ahlemeyer Dr, Sparks, NV 89441
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      Sparks, NV Land Opportunity

      10 acre lot with panoramic views near shopping and restaurants.
      2286 Piedras Dr, Sparks, NV 89441
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      One acre of industrial-zoned land in Spanish Springs Business Center.
      Circuit Ct, Sparks, NV 89441
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    Similar Nearby for Lease

    • $13 SF/Yr
      35,624 SF

      Sparks Industrial Space Available

      Industrial property available for lease in Sparks, Nevada.
      115 Circuit Ct, Sparks, NV 89441
      View Details
    • Contact for pricing
      38,700 SF

      Sparks Warehouse Space Available

      38,700 SF warehouse space for lease in Sparks, Nevada.
      100 Distribution Dr, Sparks, NV 89441
      View Details
    • Contact for pricing
      15,815 SF

      Sparks Office Space Available

      Office space available for rent in Sparks, Nevada.
      7979 Turtledove Ct, Sparks, NV 89441
      View Details
    • $4 SF/Yr

      Retail Center Land For Lease

      Land available in a new retail center development.
      7927 Turtledove Ct, Sparks, NV 89441
      View Details
    • $0.65 SF/Yr
      48,542 SF

      Sparks Warehouse with 32' Clearance

      48,542 SF warehouse featuring 32' clear height.
      447 Ingenuity Ave, Sparks, NV 89441
      View Details
    • $11 SF/Yr
      26,579 SF

      DP Industrial Park: Sparks, NV

      Modern Flex/Warehouse Space Available
      180 Design Pl, Sparks, NV 89441
      View Details
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    1643 Kinglet Dr
    Sparks, NV 89441-6801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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