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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Medical Office Space
2145 Grn Vis Dr Sparks, NV 89431-8543
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0261103
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2000
Construction
WOOD
Total area
1,983 SF
Lot
0.04 ac (1,904 SF)
Zoning code
PD
APN
026-592-04
UPID
US62-0261103
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
-
Dr. Carl Ruggiero, DDS Dental Office
-
SpectREM - Sleep Medicine Center Medical Clinic
-
Sleep Medicine Associates Training Center
-
Wild About Smiles Dental Office
-
George Rodway Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$850k
Owner & transaction history
Tharayil Properties LLC · 4 yrs held
Tharayil Properties LLC
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
$925,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$695,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $800k (Sep 23 2021)
Last sale anchor
$800k
Sep 23 2021
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
$429 / 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
$3,165
Tax year 2023
Assessed value
$136,860
Assessed 2023
Previous assessed
$118,657
+15.3% YoY
Effective rate
2.31%
On assessed value
Assessed land
$33,320
Assessed improvement
$103,540
Land market value
$95,200
Improvement market value
$295,829
Total market value
$391,029
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,983 SF
Lot
0.04 ac (1,904 SF)
Zoning code
PD
APN
026-592-04
UPID
US62-0261103
Jurisdiction
WASHOE
Zoning & alternative use
PD · Sparks, NV
Zoning PD · permitted uses
PD · 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
MEDICAL BUILDING Current
Est. value
$695,000
MEDICAL BUILDING Current
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Tharayil Properties LLC
Entity
Mailing address
2145 GRN VIS DR STE #110, SPARKS, NV 89431-8513
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Tharayil Properties LLC
—
Deed
related
$327,000 · Nevada State Development Corporation
Sep 23, 2021
$800,000
Tharayil Properties LLC
Dorking LLC
Bargain And Sale Deed
$400,000 · Heritage Bank Of Nevada
Aug 31, 2017
—
Lewis Family Trust
Dorking K L C & M W Trust
Quit Claim Deed
related
—
Jul 31, 2002
$765,000
Dorking,tr
Gonzo Investments LLC
Grant Deed
—
Jan 30, 2002
$825,000
Gonzo Investments LLC
Specialty Mortgage Trust INC
Grant Deed
$618,750 · Sunwest Bank
Sep 25, 2001
$636,522
Specialty Mortgage Corp
Unknown
Trustees Deed
related
—
Mar 9, 2000
—
Interlaken Trust
Wildcreek Development LLC
Grant Deed
related
$625,000 · Gonzo Financial
Aug 19, 1998
—
Wildcreek Development LLC
—
Deed Of Trust
related
$1,850,000 · Gonzo Financial
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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