Entity Owned
No photos on file
For Sale
Contact for pricing
1817 Glendale Ave, Sparks, NV 89431
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Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1965
Total area
7,920 SF
Lot
0.92 ac (40,075 SF)
Zoning code
TC
APN
034-031-10
UPID
US62-1308706
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$40.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.22M
Owner & transaction history
since 2024
Last sale
$40.2M
6 recorded transactions
Zoning & alternative use
TC · Sparks, NV
Zoning description
TC district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include lar…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$40.22M
Value range
$36.20M – $44.24M
±10% around blend
Estimated value / SF
$5,078 / SF
Confidence
Property data
100
Comparable evidence
60
$36.20M
blend $40.22M
$44.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,920 SF
Lot area
0.92 ac
Year built
1965
Stories
1
APN
034-031-10
Zoning
TC
Assessed value
$169,858
Annual tax
$5,834
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$40.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$40.22M
Move the market yield to see immediate price impact.
Value / SF
$5,078
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.53M
$50.68M
$36.20M
$28.15M
$2.82M
$56.31M
$40.22M
$31.28M
$3.10M
$61.94M
$44.24M
$34.41M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,834
Tax year 2023
Assessed value
$169,858
Assessed 2023
Previous assessed
$169,858
+0.0% YoY
Effective rate
3.43%
On assessed value
Assessed land
$129,743
Assessed improvement
$40,115
Land market value
$370,694
Improvement market value
$114,615
Total market value
$485,309
Applied tax rate
2,002.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Casinos
Use group
CASINO
Status
For Sale
Year built
1965
Heating
HOT WATER
Cooling
WALL UNIT
Stories
1
Total area
7,920 SF
Lot
0.92 ac (40,075 SF)
Zoning code
TC
APN
034-031-10
UPID
US62-1308706
Jurisdiction
WASHOE
Zoning & alternative use
TC · Sparks, NVZoning TC · permitted uses
TC · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
TC district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include lar…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1965
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
TC
COMMERCIAL
Jurisdiction
Sparks, NV
Recorded code
TC
Official district
TC
Official district profile
What the municipal code says about TC
Zoning description
TC district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include lar…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TC in Sparks, NV.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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