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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Investment properties
1733 Hymer Ave Sparks, NV 89431-5535
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0056895
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1958
Construction
FRAME
Total area
999 SF
Lot
0.16 ac (7,000 SF)
Zoning code
I
APN
032-263-05
UPID
US62-0056895
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
-
Next Generation Drywall Construction Company
-
Biale Construction, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Next Generation Drywall LLC · 3 yrs held
Next Generation Drywall LLC
since 2022
Last sale
$799,000
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$760,000
+202.7%
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
$685,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +203% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $799k (Nov 17 2022)
Last sale anchor
$799k
Nov 17 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
$751 / 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
$1,417
Tax year 2023
Assessed value
$48,867
Assessed 2023
Previous assessed
$40,336
+21.1% YoY
Effective rate
2.90%
On assessed value
Assessed land
$30,625
Assessed improvement
$18,242
Land market value
$87,500
Improvement market value
$52,121
Total market value
$139,621
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1958
Construction
FRAME
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
999 SF
Lot
0.16 ac (7,000 SF)
Zoning code
I
APN
032-263-05
UPID
US62-0056895
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
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
1958
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Next Generation Drywall LLC
Entity
Mailing address
4474 GLACIER PEAK CIR, SPARKS, NV 89436-4680
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$799,000
Next Generation Drywall LLC
Spellman Holdings LLC
Bargain And Sale Deed
$1,000,000 · Western Highland Fund II LLC
Sep 21, 2020
$600,000
Spellman Holdings LLC
B & O Development INC
Grant Deed
$420,000 · Wells Fargo Bk
Feb 27, 2004
$148,000
B & O Devlopment INC
Medeiros,marty
Grant Deed
—
Oct 23, 2000
$120,000
Marty Medeiros
Minassian Trust
Grant Deed
$100,000 · Seller
Jul 10, 1995
$61,458
Minassian Trust
Camacho,martin O
Trustees Deed
—
Nov 30, 1994
$90,000
Martin O Camacho
Minassian Trust
Grant Deed
$60,000 · Seller
Dec 6, 1989
$59,000
Shahen Minassian
Unknown
Grant Deed
—
—
—
Minassian Trust
—
Deed Of Trust
related
$40,000 · Schlutsmeyer Trust
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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