Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1940 Prater Way SPARKS NV 89431-4707 Sparks, NV 89431

FOR SALE
Retail space
Property ID
US62-1003921
3,304 SF 0.74 ac lot Built 1950
Last sale Jun 2024 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This mixed-use property consists of three buildings originally constructed in 1952 and situated on a 0.74-acre site. The front building contains approximately 2,000 square feet of space configured for retail or office use, along with an attached two-bedroom apartment. The second building includes two separate two-bedroom apartments, and the third building contains two one-bedroom apartments. Residential units are associated with outdoor yard areas on the site. Commercial spaces include private…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$148k
Assessed land$97k
Assessed improvement$51k
Effective rate3.41%

Value estimate

· Oct 2026
$245k
$221k – $270k
Submarket $/SF estimate$481k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$268/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$78 – $427

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MUD
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses ...
General categoryMIXED_USE
JurisdictionWASHOE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm21.9
Realty agency9.0
Shoe Repair8.8

Location

1940 Prater Way, Unit SPARKS NV 89431-4707 Sparks, NV 89431
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
91 Prater, Sparks, NV 89431-4535 $850,000 Apr 2025 2,584 SF
2131 Oddie, Sparks, NV 89431-3563 $1,350,000 Mar 2025 3,510 SF
2002 Victorian, Sparks, NV 89431-4872 $1,080,000 Dec 2023 3,558 SF
1666 Victorian, Sparks, NV 89431-4821 $275,000 Nov 2023 4,500 SF
1701 Victorian, Sparks, NV 89431-4824 $1,100,000 Dec 2022 2,705 SF
1639 Prater, Sparks, NV 89431-4365 $625,000 Mar 2022 4,626 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved