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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Retail space
175 Greg St Sparks, NV 89431-6608
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0354618
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,384 SF
Lot
1.15 ac (50,050 SF)
Zoning code
I
APN
034-145-08
UPID
US62-0354618
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
-
Silver State Relief (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$3.17M
Owner & transaction history
Gloria S Vincent · 3 yrs held
Gloria S Vincent
since 2023
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.2M
+110.6%
Medical building
$2.6M
+30.5%
Apartment house (5+ units)
$2.4M
+23.2%
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
$3,150,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$2,845,000
6.5%
$2,625,000
7%
$2,440,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,980,000
Current use
RESTAURANT
$4,165,000
Change: +111% · Conversion: Easy
MEDICAL BUILDING
$2,585,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,440,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,130,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,910,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±10% · vs last sale $3.50M (Jun 5 2023)
Last sale anchor
$3.50M
Jun 5 2023
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
$429 / 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
$18,378
Tax year 2023
Assessed value
$552,293
Assessed 2023
Previous assessed
$464,638
+18.9% YoY
Effective rate
3.33%
On assessed value
Assessed land
$211,949
Assessed improvement
$340,344
Land market value
$605,569
Improvement market value
$972,412
Total market value
$1,577,981
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
7,384 SF
Lot
1.15 ac (50,050 SF)
Zoning code
I
APN
034-145-08
UPID
US62-0354618
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NVZoning I · permitted uses
I · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Gloria S Vincent
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 10015, ZEPHYR COVE, NV 89448-2015
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
$3,500,000
Gloria S Vincent
Double G Holdings LLC
Bargain And Sale Deed
—
Mar 28, 2014
$525,000
Double G Holdings LLC
Oppio Ranches LLC
Grant Deed
—
Sep 20, 2005
—
Latala Family
Tibarom INC
Grant Deed
related
—
May 25, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Latala Family
—
Deed Of Trust
related
$2,831,928 · Tibarom INC
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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