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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office buildings
1955 Baring Blvd Sparks, NV 89434-6734
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1290707
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
4,806 SF
Lot
0.85 ac (36,868 SF)
Zoning code
C2
APN
030-032-12
UPID
US62-1290707
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
-
Altos Web Solutions Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
HomeGate Realty of Nevada Real Estate Agency
-
Principle Nutrition (Bike/Boat/Book/etc) Store Pharmacy
-
Jessica Courts Homegate-Nevada Hotel & Motel
-
Evan Corporate Management, Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.38M
Owner & transaction history
Purple Door Preschool LLC · 3 yrs held
Purple Door Preschool LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
C2 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+26.3%
Commercial (general)
$1.7M
+24.9%
Retail stores
$1.5M
+9.8%
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
Method
Estimation
Statistic approach
$1,640,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,330,000
Current use
MEDICAL BUILDING
$1,680,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,665,000
Change: +25% · Conversion: Easy
RETAIL STORES
$1,460,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,070,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.38M (Oct 10 2022)
Last sale anchor
$1.38M
Oct 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$286 / SF
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
$12,462
Tax year 2023
Assessed value
$356,127
Assessed 2023
Previous assessed
$314,748
+13.1% YoY
Effective rate
3.50%
On assessed value
Assessed land
$116,134
Assessed improvement
$239,993
Land market value
$331,812
Improvement market value
$685,693
Total market value
$1,017,505
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
1994
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,806 SF
Lot
0.85 ac (36,868 SF)
Zoning code
C2
APN
030-032-12
UPID
US62-1290707
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NV
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Purple Door Preschool LLC
Entity
Mailing address
6295 WINGFIELD SPGS RD, SPARKS, NV 89436-8409
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2022
$1,375,000
Purple Door Preschool LLC
Tina Spencer LLC
Bargain And Sale Deed
$1,175,000 · Tina Spencer LLC
Aug 24, 2004
$1,120,000
Tina Spencer LLC
Barker Dev Ltd LLC
Grant Deed
$840,000 · First Independent Bank Nevada
Jun 19, 1998
$105,000
Denis M Humphreys
Barker Trust
Grant Deed
—
—
—
Tina Spencer LLC
—
Loan Modification
related
—
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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