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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Motels
2406 Prater Way Sparks, NV 89431-4122
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0034025
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1933
Construction
WOOD
Total area
7,422 SF
Lot
3.02 ac (131,421 SF)
Zoning code
MUD
APN
031-303-10
UPID
US62-0034025
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
-
Pony Express Lodge Hotel & Motel
-
NMB PROPERTIES Hotel & Motel
-
Sunnidaze Pet Grooming Pet Grooming Service
-
Bighorn Hospitality Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$510k
Owner & transaction history
Eagle Valley Group LLC · 1 yrs held
Eagle Valley Group LLC
since 2024
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established ne…
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
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
$465,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$69 / 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
$27,426
Tax year 2023
Assessed value
$783,935
Assessed 2023
Previous assessed
$682,269
+14.9% YoY
Effective rate
3.50%
On assessed value
Assessed land
$327,729
Assessed improvement
$456,206
Land market value
$936,368
Improvement market value
$1,303,446
Total market value
$2,239,814
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1933
Construction
WOOD
Heating
ELECTRIC
Cooling
YES
Buildings
4
Stories
1
Units
92
Bathrooms
93
Total area
7,422 SF
Lot
3.02 ac (131,421 SF)
Zoning code
MUD
APN
031-303-10
UPID
US62-0034025
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NVZoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established neighborhoods
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1933
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
4
Units
92
Bathrooms
93
Lot
3.02 ac
Current owner
From public records · entity-resolved
Eagle Valley Group LLC
Entity
Mailing address
2406 PRATER WAY, SPARKS, NV 89431-4122
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Eagle Valley Group LLC
Eagle Valley Group LLC
Deed
related
—
Jan 18, 2022
—
Bajwa Properties LLC
—
Deed
related
$2,529,500 · Heritage Bank Of Nevada
Jun 17, 2021
—
Navprit S Bajwa
—
Deed
related
$1,015,000 · Bajwa Properties LLC
Nov 1, 2007
—
Navprit S Bajwa
Bajwa,manpreet
Quit Claim Deed
related
—
Nov 1, 2007
$2,800,000
Navprit S Bajwa
Pony Express Lodge INC
Grant Deed
$1,415,000 · Nevada Security Bank
—
—
Pony Express Lodge INC
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
—
—
Navprit S Bajwa
—
Deed Of Trust
related
$1,015,000 · Nevada State Development Corp
—
—
Pony Express Lodge INC
—
Deed Of Trust
related
$1,900,000 · Sierrawest Bank
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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