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Property profile & analytics
FOR SALE
Flex space
1900 Frazer Ave Sparks, NV 89431
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0784856
For Sale
1 / 8
$339,000
1900 Frazer Ave, Sparks, NV 89431
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1948
Construction
FRAME
Total area
723 SF
Lot
0.06 ac (2,614 SF)
Zoning code
I
APN
032-231-15
UPID
US62-0784856
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
-
Biggest Little City Glass Hardware & Home Improvement Interior Design
-
Silver State Screening Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Biggest Little City Glass LLC · 4 yrs held
Biggest Little City Glass LLC
since 2022
Last sale
$260,000
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$669
Tax year 2023
Assessed value
$23,025
Assessed 2023
Previous assessed
$18,988
+21.3% YoY
Effective rate
2.91%
On assessed value
Assessed land
$11,436
Assessed improvement
$11,589
Land market value
$32,675
Improvement market value
$33,112
Total market value
$65,787
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1948
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Bathrooms
1
Total area
723 SF
Lot
0.06 ac (2,614 SF)
Zoning code
I
APN
032-231-15
UPID
US62-0784856
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.
Building & site characteristics
From public records
Year built
1948
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Biggest Little City Glass LLC
Entity
Mailing address
1900 FRAZER AVE, SPARKS, NV 89431-5532
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$260,000
Biggest Little City Glass LLC
Jarett S Mcdaniel
Grant Deed
$235,000 · Us Bank NA
May 24, 2022
—
Jarett S Mcdaniel
Jacquelyn Mcdaniel
Intrafamily Transfer
related
—
Oct 10, 2006
—
Jarett S Mcdaniel
Mcdaniel,jacquelyn
Quit Claim Deed
related
—
Oct 10, 2006
$230,000
Jarett S Mcdaniel
Sievert,ginny I
Grant Deed
$183,900 · Greenpoint Mortgage Funding
Dec 23, 2004
$250,000
Ginny I Sievert
Heald,j T & Kay F
Grant Deed
$100,000 · J T & Kay P Heald
Jun 7, 1996
$65,000
Heald J T
Carusi,raylyn A
Grant Deed
—
Nov 27, 1995
—
Raylyn A Carusi
Dixon,william E & Joyce A
Grant Deed
$27,106 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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