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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Grocery and convenience stores
2169 Prater Way Sparks, NV 89431-4712
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1129991
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Construction
METAL FRAME
Total area
1,485 SF
Lot
0.26 ac (11,413 SF)
Zoning code
MUD
APN
032-023-01
UPID
US62-1129991
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
-
Marathon Gas Station
-
Quick Mart Gas Station
-
Fairway Motors Gas Station
-
LibertyX Bitcoin 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
$1.03M
Owner & transaction history
Ask Nevada · 7 yrs held
Ask Nevada
since 2019
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
MUD · 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
$694 / 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
$5,409
Tax year 2023
Assessed value
$157,199
Assessed 2023
Previous assessed
$136,515
+15.2% YoY
Effective rate
3.44%
On assessed value
Assessed land
$41,743
Assessed improvement
$115,456
Land market value
$119,266
Improvement market value
$329,873
Total market value
$449,139
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,485 SF
Lot
0.26 ac (11,413 SF)
Zoning code
MUD
APN
032-023-01
UPID
US62-1129991
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
1960
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Ask Nevada
Individual
Mailing address
2085 ALPHABET DR, RENO, NV 89502-8774
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Vank Enterprises LLC
—
Deed
related
$317,000 · Nevada State Development Corporation
Jul 2, 2019
$475,500
Ask Nevada
1111 Connecticut Street Patner
Grant Deed
$525,000 · Falcon Inv
Dec 28, 2006
—
Berry-hinckley Industries
1111 Ct Street Ptrs
Grant Deed
related
—
May 18, 2006
$2,443,000
Connecticut Street Ptrs L 1111
Spirit Spe Portfolio 2005-5 Ll
Grant Deed
$1,443,000 · Spirit Spe Portfolio 2005-5 Ll
Oct 13, 2005
—
P A Morabito & Co Ltd
Bhe LLC
Grant Deed
—
Oct 13, 2005
$24,875,000
Spirit Spe Portfolio 2005-5 Ll
P A Morabito & Co Ltd
Grant Deed
—
Jan 16, 2001
—
Bhe LLC
—
Deed Of Trust
related
$33,717,980 · Wells Fargo Bank
Jan 12, 2001
$666,000
Berry-hinckley Enterprises LLC
Berry,michael J
Grant Deed
related
—
—
—
Enterprises LLC
—
Deed Of Trust
related
$510,000 · Heritage Bk
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.
Try Rey
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