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    Property profile & analytics

    1940 Prater Way Sparks, NV 89431-4707

    • Retail space
    • 3,304 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 28, 2024
    $750,000
    Location Intelligence
    Property ID
    US62-1003921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1940 Prater Way

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.74 lot acres
    Property size
    3,304 SF
    Zone code
    MUD
    Property type
    Retail space
    APN
    031-330-05
    APU
    3133005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.77
    Latitude
    39.5377
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,029
    $96,984
    $50,612
    $147,596
    -
    $277,097
    $144,605
    $421,702

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      2136 Prater Way

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      2136 Prater Way, Sparks, NV 89431-4711
      View Details
    • Value Estimation
      $130,000
      1,600 SF

      2345 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      2345 Glendale Ave, Sparks, NV 89431-5598
      View Details
    • Value Estimation
      $320,000
      1,622 SF

      720 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,622 SF
      720 Glendale Ave, Sparks, NV 89431-5717
      View Details
    • Value Estimation by Request
      4,720 SF

      910 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,720 SF
      910 Glendale Ave, Sparks, NV 89431-5720
      View Details
    • Value Estimation
      $660,000
      17,851 SF

      174 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,851 SF
      174 Glendale Ave, Sparks, NV 89431-5710
      View Details
    • Value Estimation
      $270,000
      3,623 SF

      406 Pyramid Way

      RETAIL STORES (PERSONAL SERVICES) • 3,623 SF
      406 Pyramid Way, Sparks, NV 89431-5053
      View Details

    Similar Nearby for Sale

    • $4,250,000
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    • $1,500,000
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      Retail Property in Sparks, Nevada

      Retail property available for sale in Sparks, Nevada.
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    • Contact for pricing
      1.75 Acres

      Sparks Commercial Land - 1.75 Acres

      Prime Commercial Land, Sparks, NV. C2 Zoning.
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    Similar Nearby for Lease

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      Prime end-unit retail space in high-traffic Sparks location.
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      Retail space available for lease in Sparks, Nevada.
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    • $2,265,000
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    • $12 SF/Yr
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      Retail Space on Prater Way

      Retail space available for lease in Sparks, Nevada.
      550-668 E Prater Way, Sparks, NV 89431
      View Details
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    Sparks, NV 89431-4707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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