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Property profile & analytics
OFF-MARKET
Office buildings
1940 C St Sparks, NV 89431-4878
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0032440
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
WOOD
Total area
651 SF
Lot
0.22 ac (9,583 SF)
Zoning code
MUD
APN
032-062-11
UPID
US62-0032440
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
-
River Concrete Construction Construction Company General Contractor
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
J Tuttle Properties · 2 yrs held
J Tuttle Properties
since 2024
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
MUD · 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
$656
Tax year 2023
Assessed value
$34,077
Assessed 2023
Previous assessed
$34,077
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$25,155
Assessed improvement
$8,922
Land market value
$71,872
Improvement market value
$25,490
Total market value
$97,362
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
1
Bathrooms
1
Total area
651 SF
Lot
0.22 ac (9,583 SF)
Zoning code
MUD
APN
032-062-11
UPID
US62-0032440
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
J Tuttle Properties
Entity
Mailing address
2140 PEAVINE CRK RD, RENO, NV 89523-3815
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
J Tuttle Properties
Jesse Daniel Tuttle
Intrafamily Transfer
related
—
Jan 24, 2024
$315,000
Jesse Daniel Tuttle
R & K Properties LLC
Bargain And Sale Deed
—
Apr 8, 2020
$315,000
R & K Props LLC
Juan Tiscareno
Grant Deed
$267,000 · Harvest Small Busn Fin LLC
Aug 28, 2019
—
Juan Tiscareno
—
Deed
related
$195,500 · Guild Mortgage Co
Nov 8, 2018
$240,000
Juan Tiscareno
Wood For 3 LLC
Grant Deed
$190,000 · Wood For 3 LLC
Oct 29, 2013
—
Wood Bro Capital LLC
Wood Is Good LLC
Quit Claim Deed
$550,000 · Jauron Michael D Trust
Oct 21, 2009
—
Woodis Good LLC
Santana,carlos
Grant Deed
related
—
Aug 14, 2009
$29,750
Wood Is Good LLC
Quality Loan Service Corp
Trustees Deed
—
Oct 23, 2003
$110,000
Carlos Santana
Irish,marilyn G & Hazel M
Grant Deed
$88,000 · Novastar Mortgage
—
—
Wood Is Good LLC
—
Deed Of Trust
related
$100,000 · Fenwood LLC
—
—
Wood Is Good LLC
—
Deed Of Trust
related
$325,000 · Oliver Sanders
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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