Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
2345 E Prater Way Sparks, NV 89434
Entity Owned
33-yr Hold
~
Est. High Equity
Property ID
US62-0434682
For Lease
1 / 2
$28.80 SF/Yr
2345 E Prater Way, Sparks, NV 89434
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
54,054 SF
Lot
6.27 ac (273,252 SF)
Zoning code
PO
APN
037-320-21
UPID
US62-0434682
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
-
William Ford Jr Physician
-
Dr. Ronald B. Hicks III, MD Physician
-
Northern Nv Gastroenterology Medical Clinic
-
Mast Jeffrey W MD Physician
-
Jonathan Spivack Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.43M
Owner & transaction history
Sparks Family Hospital INC · 33 yrs held
Sparks Family Hospital INC
since 1993
3 recorded transactions
Zoning & alternative use
PO · 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
$137 / 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
$48,718
Tax year 2023
Assessed value
$1,330,001
Assessed 2023
Previous assessed
$1,288,001
+3.3% YoY
Effective rate
3.66%
On assessed value
Assessed land
$497,319
Assessed improvement
$832,682
Land market value
$1,420,910
Improvement market value
$2,379,090
Total market value
$3,800,000
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
MEDICAL BUILDING
Status
For Lease
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
54,054 SF
Lot
6.27 ac (273,252 SF)
Zoning code
PO
APN
037-320-21
UPID
US62-0434682
Jurisdiction
WASHOE
Zoning & alternative use
PO · Sparks, NV
Zoning PO · permitted uses
PO · 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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
6.27 ac
Current owner
From public records · entity-resolved
Sparks Family Hospital INC
Entity
Mailing address
6200 UTSA BLVD #2, SAN ANTONIO, TX 78249-1617
Ownership since
1993
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
Jan 16, 2013
—
Sparks Family Hospital INC
—
Deed Of Trust
related
$900,000,000 · J P Morgan Chase Bank
Jul 9, 1993
$1,600,000
Sparks Family Hospital INC
American Savings
Grant Deed
$1,200,003 · American Savings &
—
—
Sparks Family Hospital INC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
