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Property profile & analytics
OFF-MARKET
Estimated value
$24,580,000
Hospitals
2375 Prater Way Sparks, NV 89434-9641
Entity Owned
18-yr Hold
Free & Clear
Property ID
US62-0830435
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1982
Construction
STEEL FRAME
Total area
144,538 SF
Lot
16.9 ac (736,164 SF)
Zoning code
PO
APN
037-320-24
UPID
US62-0830435
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
-
Northern Nevada Medical Center Hospital
-
Edmiston Richard MD Physician Medical Clinic
-
Senior Bridges of Northern Nevada Medical Center Crisis Center Medical Clinic
-
Dr. Ashkan Bahin-Aein, MD Physician
-
Dr. Jerry C. Calvanese, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.58M
Owner & transaction history
Sparks Family Hospital INC · 18 yrs held
Sparks Family Hospital INC
since 2008
4 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,105,000
6.5%
$32,405,000
7%
$30,090,000
Blend value · Realmo final
$24.58M
Range $22.12M – $27.04M · ±10%
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
$170 / 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
$345,943
Tax year 2023
Assessed value
$10,406,885
Assessed 2023
Previous assessed
$8,741,926
+19.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$1,275,602
Assessed improvement
$9,131,283
Land market value
$3,644,576
Improvement market value
$26,089,380
Total market value
$29,733,956
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
7
Units
2
Total area
144,538 SF
Lot
16.9 ac (736,164 SF)
Zoning code
PO
APN
037-320-24
UPID
US62-0830435
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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
2
Units
2
Lot
16.9 ac
Current owner
From public records · entity-resolved
Sparks Family Hospital INC
Entity
Free & Clear · 18 yrs held
Mailing address
6200 UTSA BLVD #2, SAN ANTONIO, TX 78249-1617
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Jan 16, 2013
—
Sparks Family Hospital INC
—
Loan Modification
related
$900,000,000 · Jp Morgan Chase Bk
Jul 1, 2008
—
Sparks Family Hospital INC
Sparks Family Hospital INC
Quit Claim Deed
related
—
—
—
Sparks Family Hospital INC
—
Deed Of Trust
related
—
—
—
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.
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