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Property profile & analytics
OFF-MARKET
Flex space
2000 1st St Sparks, NV 89431
Entity Owned
18-yr Hold
Free & Clear
Property ID
US62-0503081
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1962
Construction
METAL FRAME
Total area
1,232 SF
Lot
12.63 ac (550,163 SF)
Zoning code
GR
APN
502-250-08
UPID
US62-0503081
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
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
Desert View Coml Props LLC · 18 yrs held
Desert View Coml Props LLC
since 2007
4 recorded transactions
Zoning & alternative use
GR · 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
$9,847
Tax year 2023
Assessed value
$303,846
Assessed 2023
Previous assessed
$289,545
+4.9% YoY
Effective rate
3.24%
On assessed value
Assessed land
$243,865
Assessed improvement
$59,981
Land market value
$696,758
Improvement market value
$171,374
Total market value
$868,132
Applied tax rate
4,000.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1962
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,232 SF
Lot
12.63 ac (550,163 SF)
Zoning code
GR
APN
502-250-08
UPID
US62-0503081
Jurisdiction
WASHOE
Zoning & alternative use
GR · Sparks, NV
Zoning GR · permitted uses
GR · 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
1962
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
12.63 ac
Current owner
From public records · entity-resolved
Desert View Coml Props LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1032 DUCK HL RD, WASHOE VALLEY, NV 89704-9317
Ownership since
2007
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
Feb 20, 2026
—
Cti Towers Assets II LLC
—
Deed
related
$425,700,000 · Wilmington Trust NA
Aug 30, 2007
—
Desert View Coml Props LLC
High Sierra Communications INC
Grant Deed
—
Aug 24, 2004
—
High Sierra Communications INC
Western Exchange Services Corp
Grant Deed
related
—
Nov 20, 2001
$600,000
Western Exchange Services Corp
American Land Conservancy
Grant Deed
$100,000 · American Land Conservancy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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