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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Grocery and convenience stores
187 Greg St Sparks, NV 89431-6608
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0772474
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
WOOD
Total area
3,410 SF
Lot
0.79 ac (34,374 SF)
Zoning code
I
APN
034-145-11
UPID
US62-0772474
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
-
Sinclair Gas Station Grocery & Convenience Store
-
Mccarran Mart Grocery & Convenience Store
-
Sinclair - Propane Propane Supplier
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$895k
Owner & transaction history
Dorado Properties LLC · 10 yrs held
Dorado Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,125,000
Alternative Use
Use
Estimation
RETAIL STORES
$915,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$855,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$795,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10%
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
$262 / 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
$18,400
Tax year 2023
Assessed value
$550,038
Assessed 2023
Previous assessed
$465,344
+18.2% YoY
Effective rate
3.35%
On assessed value
Assessed land
$145,574
Assessed improvement
$404,464
Land market value
$415,925
Improvement market value
$1,155,611
Total market value
$1,571,536
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
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,410 SF
Lot
0.79 ac (34,374 SF)
Zoning code
I
APN
034-145-11
UPID
US62-0772474
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
RETAIL STORES Current
Est. value
$915,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$795,000
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Dorado Properties LLC
Entity
Mailing address
999 FRANQUETTE AVE, SAN JOSE, CA 95125-2620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Oct 29, 2015
—
Dorado Properties LLC
Berry-hinckley Industries
Quit Claim Deed
related
—
Jan 29, 2013
$900,000
Dorado Properties LLC
Latala Family LP
Grant Deed
—
Aug 31, 2005
—
Tibarom INC
Oppio Ranches LLC
Grant Deed
related
—
May 25, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Latala Family LP
—
Deed Of Trust
related
$250,000 · Henry M & Bozena Strodka
—
—
Latala Family LP
—
Deed Of Trust
related
$900,000 · Henry M & Bozena Strodka
—
—
Latala Family LP
—
Deed Of Trust
related
—
—
—
Latala Family
—
Deed Of Trust
related
$1,526,000 · Berry-hinckley Industries
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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