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Property profile & analytics
OFF-MARKET
Estimated value
$6,580,000
Industrial properties
240 Freeport Blvd Sparks, NV 89431-6221
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0361962
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,120 SF
Lot
2.13 ac (92,783 SF)
Zoning code
I
APN
034-342-04
UPID
US62-0361962
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
-
JD Auto Trim Auto Repair Shop
-
Juggernaut Arms Gun Shop
-
D&C Classic Garage Car Dealership
-
Computer Sparks Tech Support Center (Bike/Boat/Book/etc) Store
-
A1 Garage Door Service Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.26M
Blend (final)
Blend
$6.58M
Owner & transaction history
Dig Reno 240 260 Freeport LLC · 2 yrs held
Dig Reno 240 260 Freeport LLC
since 2024
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.4M
+21.2%
Apartment house (5+ units)
$7.0M
+14.4%
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
$6,580,000
ML approach
$6,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,095,000
Current use
MEDICAL BUILDING
$7,390,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,970,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$5,660,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$5,455,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,295,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.58M
Range $5.92M – $7.24M · ±10% · vs last sale $6.58M (Apr 12 2024)
Last sale anchor
$6.58M
Apr 12 2024
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
$312 / 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
$16,546
Tax year 2023
Assessed value
$568,563
Assessed 2023
Previous assessed
$568,563
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$292,263
Assessed improvement
$276,300
Land market value
$835,038
Improvement market value
$789,428
Total market value
$1,624,466
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
21,120 SF
Lot
2.13 ac (92,783 SF)
Zoning code
I
APN
034-342-04
UPID
US62-0361962
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
RETAIL STORES
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Dig Reno 240 260 Freeport LLC
Entity
Mailing address
6725 VIA AUSTI PKWY STE #365, LAS VEGAS, NV 89119-3553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$6,577,611
Dig Reno 240 260 Freeport LLC
Cal Freeport LLC
Bargain And Sale Deed
$3,786,062 · Cal Freeport LLC
May 6, 2019
—
Cal Freeport LLC
Cal Linda Freeport LLC
Quit Claim Deed
—
Apr 13, 2009
—
Ribeiro Johnny A JR Fam Trust
Ribeiro,johnny A JR
Quit Claim Deed
—
Jun 11, 2001
—
Arroyo Trust
A & R LP
Grant Deed
related
—
Jun 11, 2001
$3,211,833
Arroyo,tr
—
Trustees Deed
related
—
Jun 5, 2001
$157,000
Arroyo Trust
A & R LP
Grant Deed
—
Jun 5, 2001
—
Bertha M Moreno Family LP
Arroyo Trust
Grant Deed
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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