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Property profile & analytics
OFF-MARKET
Estimated value
$5,415,000
Industrial properties
200 Cyn Way 300 Sparks, NV 89434-9667
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0629877
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
CONCRETE BLOCKS
Total area
10,080 SF
Lot
0.04 ac (1,539 SF)
Zoning code
I-1
APN
004-121-40
UPID
US62-0629877
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
-
Lockwood Market Grocery & Convenience Store Food Market
-
Infinity Painting Painting Paint Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.42M
Owner & transaction history
Cp Lockwood LLC · 5 yrs held
Cp Lockwood LLC
since 2020
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
I-1 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.7M
+83.9%
Restaurant
$5.7M
+36.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,655,000
Change: +84% · Conversion: Difficult
RESTAURANT
$5,690,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,490,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.42M
Range $4.87M – $5.96M · ±10% · vs last sale $5.53M (Nov 4 2020)
Last sale anchor
$5.53M
Nov 4 2020
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
$537 / 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
$45,650
Tax year 2023
Assessed value
$1,736,407
Assessed 2023
Previous assessed
$1,736,407
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$441,315
Assessed improvement
$1,295,092
Land market value
$1,260,900
Improvement market value
$3,700,262
Total market value
$4,961,162
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Units
1
Total area
10,080 SF
Lot
0.04 ac (1,539 SF)
Zoning code
I-1
APN
004-121-40
UPID
US62-0629877
Jurisdiction
STOREY
Zoning & alternative use
I-1 · Sparks, NV
Zoning I-1 · permitted uses
I-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
RESTAURANT
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
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
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Cp Lockwood LLC
Entity
Mailing address
3001 LAVA RDG CT STE #220, ROSEVILLE, CA 95661-3094
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
$5,525,000
Cp Lockwood LLC
Ptarmigan Properties LLC
Bargain And Sale Deed
$2,762,500 · Merchants Bank & Trust Co
—
—
Ptarmigan Properties LLC
—
Deed Of Trust
related
$1,400,000 · Caramella Cecile D Trust (pt)
—
—
Ptarmigan Properties LLC
—
Deed Of Trust
related
$888,866 · Peavine Leasing LLC
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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