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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Grocery and convenience stores
1701 Victorian Ave Sparks, NV 89431-4824
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-1303952
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Construction
WOOD
Total area
2,705 SF
Lot
0.47 ac (20,647 SF)
Zoning code
MUD
APN
032-124-35
UPID
US62-1303952
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
-
Coinsource Bitcoin ATM Atm
-
ARCO Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.04M
Owner & transaction history
Abheydeep S Virk · 3 yrs held
Abheydeep S Virk
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$945,000
+30.5%
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
$945,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$960,000
7%
$895,000
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Current use
MEDICAL BUILDING
$945,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$680,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.10M (Dec 22 2022)
Last sale anchor
$1.10M
Dec 22 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
$384 / 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
$10,457
Tax year 2023
Assessed value
$302,552
Assessed 2023
Previous assessed
$264,125
+14.5% YoY
Effective rate
3.46%
On assessed value
Assessed land
$75,516
Assessed improvement
$227,036
Land market value
$215,761
Improvement market value
$648,675
Total market value
$864,436
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,705 SF
Lot
0.47 ac (20,647 SF)
Zoning code
MUD
APN
032-124-35
UPID
US62-1303952
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 Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$945,000
OFFICE BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Abheydeep S Virk
Individual
Free & Clear · 3 yrs held
Mailing address
1701 VICTORIAN AVE, SPARKS, NV 89431-4824
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Sumbet Virk Family Living Trust
—
Deed
related
$500,000 · World Fuel Services INC
Dec 22, 2022
$1,100,000
Abheydeep S Virk
Jitender Singh
Bargain And Sale Deed
—
Aug 28, 2019
$400,000
Virk,sumeet Family Trust
Kubba & Marwaha Trust
Grant Deed
—
Aug 28, 2019
$800,000
Jitendera Singh
Nanda Family Trust
Grant Deed
—
Aug 28, 2019
—
Jitendera Singh
—
Loan Modification
related
—
Aug 22, 2017
—
Virk,sumeet Family Living Trust
—
Deed
related
$1,419,070 · Western Alliance Bk
May 19, 2016
—
Abheydeep S Virk
—
Deed
related
$1,000,000 · Western Alliance Bank
Apr 3, 2014
—
Nanda Family Trust
Nanda,rajesh K & Meena
Quit Claim Deed
related
—
Apr 3, 2014
$659,500
Samir V Kubba
Mgs Investment INC
Grant Deed
—
Aug 8, 2006
$1,369,500
Mgs Investment INC
Stimpson Ents
Grant Deed
$1,170,000 · City National Bank
May 23, 2003
$795,000
Stimpson Enterprises
Bp West Coast Products LLC
Grant Deed
$693,000 · Bank Of Nevada
Sep 5, 2002
—
Bp West Coast Products LLC
Atlantic Richfield Co
Grant Deed
related
—
—
—
Virk,sumeet Family Living Trust
—
Loan Modification
related
$1,419,070 · Western Alliance Bk
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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