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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Warehouses
210 Coney Is Dr Sparks, NV 89431-6314
Entity Owned
~
Est. High Equity
Property ID
US62-0254889
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,840 SF
Lot
1 ac (43,473 SF)
Zoning code
I
APN
034-410-11
UPID
US62-0254889
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
-
Sierra Invisible Shield Car Wash
-
Team Restorations Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.19M
Owner & transaction history
2 Talents LLC
2 Talents LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.4M
+80.8%
Retail stores
$3.2M
+67.9%
Office building
$3.1M
+61.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,890,000
Current use
INDUSTRIAL (GENERAL)
$3,415,000
Change: +81% · Conversion: Easy
RETAIL STORES
$3,175,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$3,060,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.65M (Jul 16 2025)
Last sale anchor
$2.65M
Jul 16 2025
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
$185 / 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
$7,009
Tax year 2023
Assessed value
$230,910
Assessed 2023
Previous assessed
$196,659
+17.4% YoY
Effective rate
3.04%
On assessed value
Assessed land
$136,937
Assessed improvement
$93,973
Land market value
$391,248
Improvement market value
$268,494
Total market value
$659,742
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
11,840 SF
Lot
1 ac (43,473 SF)
Zoning code
I
APN
034-410-11
UPID
US62-0254889
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
2 Talents LLC
Entity
Mailing address
4580 THORPE CT, SPARKS, NV 89436-8733
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$2,650,000
2 Talents LLC
The Marcelino Family Trust
Bargain & Sale Deed
$1,343,000 · First Citizens Bank & Trust Co
Oct 16, 2025
—
2 Talents LLC
—
Deed
related
$1,100,000 · Nevada State Development Corporation
Oct 29, 2015
$770,000
Marcelino,j & A Family Trust
Chilkur LLC
Grant Deed
—
Jul 25, 2014
$675,000
Chilkur LLC
Tmbp LLC
Bargain And Sale Deed
—
Jul 12, 2013
$3,350,000
Tmbp LLC
Truckee Meadows Busn Park LLC
Grant Deed
—
Oct 18, 2010
—
Truckee Meadows Busn Park LLC
—
Deed Of Trust
related
$1,000,000 · Nevada State Bank
Sep 18, 2000
—
Buck Trust
Nev-ida Property Investments
Trustees Deed
related
$1,000,000 · Nevada State Bank
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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