Entity Owned Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
METAL FRAME
Total area
49,985 SF
Lot
2.95 ac (128,502 SF)
Zoning code
C2
APN
028-310-06
UPID
US62-0813533
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
$12.20M
CAP Approach
CAP
$7.90M
Comparable Approach
Comparable
$11.67M
Blend (final)
Blend
$11.70M
Owner & transaction history
since 2020
Last sale
$11.5M
4 recorded transactions
Zoning & alternative use
C2 · Sparks, NV
Zoning description
C2 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
Top alternative use upside
Medical building
$17.5M
+119.1%
Apartment house (5+ units)
$16.5M
+106.8%
Industrial (general)
$14.4M
+80.8%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.70M
Value range
$10.53M – $12.87M
±10% around blend
Estimated value / SF
$234 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$10.53M
blend $11.70M
$12.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
49,985 SF
Lot area
2.95 ac
Year built
2018
Stories
1
APN
028-310-06
Zoning
C2
Assessed value
$2,486,033
Annual tax
$76,846
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.90M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.55M
@ 6.5% CAP return
$7.90M
@ 7% CAP return
$7.33M
4
Sales comparison
Partial preview
Sales approach indication
$11.67M
Range $5.70M – $11.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 52 sales
$160
+47%
Submarket 153 sales
$68
+245%
County 242 sales
$106
+121%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $234/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+119%
vs current-use indication
Apartment House (5+ Units)
Industrial (general)
Retail Stores
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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
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Overview
Implied cap rate
2.80%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$803k *
Last sale · Dec 2020
$11.48M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$28.69M
Move the market yield to see immediate price impact.
Value / SF
$574
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
2.30%2.80%3.30%
$723k
$31.43M
$25.82M
$21.91M
$803k
$34.92M
$28.69M
$24.34M
$884k
$38.42M
$31.56M
$26.78M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,846
Tax year 2023
Assessed value
$2,486,033
Assessed 2023
Previous assessed
$2,053,535
+21.1% YoY
Effective rate
3.09%
On assessed value
Assessed land
$299,088
Assessed improvement
$2,186,945
Land market value
$854,538
Improvement market value
$6,248,413
Total market value
$7,102,951
Applied tax rate
2,000.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
METAL FRAME
Heating
YES
Buildings
9
Stories
1
Units
9
Bathrooms
2
Total area
49,985 SF
Lot
2.95 ac (128,502 SF)
Zoning code
C2
APN
028-310-06
UPID
US62-0813533
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NVZoning C2 · permitted uses
C2 · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
C2 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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
METAL FRAME
Heating
YES
Stories
1
Buildings
9
Units
9
Bathrooms
2
Lot
2.95 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
C2
COMMERCIAL
Jurisdiction
Sparks, NV
Recorded code
C2
Official district
C2
Official district profile
What the municipal code says about C2
Zoning description
C2 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 C2 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.
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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.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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