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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Commercial land
2390 Oddie Blvd Sparks, NV 89431-2770
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0462700
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2020
Construction
CONCRETE
Total area
463,878 SF
Lot
0.66 ac (28,706 SF)
Zoning code
MUD
APN
026-284-16
UPID
US62-0462700
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
The Oddie District LLC · 5 yrs held
The Oddie District LLC
since 2021
Last sale
$8.0M
6 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
Method
Estimation
Statistic approach
$9,270,000
ML approach
$9,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±10% · vs last sale $8.00M (May 3 2021)
Last sale anchor
$8.00M
May 3 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
$19 / 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
$2,528
Tax year 2023
Assessed value
$90,424
Assessed 2023
Previous assessed
$90,424
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$90,424
Land market value
$258,354
Total market value
$258,354
Applied tax rate
2,002.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
6
Bathrooms
505
Total area
463,878 SF
Lot
0.66 ac (28,706 SF)
Zoning code
MUD
APN
026-284-16
UPID
US62-0462700
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
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Bathrooms
505
Lot
0.66 ac
Current owner
From public records · entity-resolved
The Oddie District LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1121 WHITE ROCK RD STE #205, EL DORADO HILLS, CA 95762-5584
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
The Oddie District LLC
—
Deed
related
$16,000,000 · Heritage Southeast Bank
May 3, 2021
$8,000,100
The Oddie District LLC
Renown Health
Bargain And Sale Deed
—
Oct 21, 2016
$430,000
Renown Health
J Z P Trust
Grant Deed
—
Apr 24, 2012
—
J Z P Trust
Pearlman,joy
Grant Deed
related
—
Aug 12, 1998
$142,000
Joy B Goodman
Sparks Silverada Ptshp
Grant Deed
—
Dec 30, 1991
$5,867,000
Sparks Silverada Partnership
Unknown
Grant Deed
—
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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