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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Auto shops
25 Vis Blvd, Sparks, NV 89434-6664
Entity Owned
29-yr Hold
Free & Clear
Property ID
US62-0381223
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1998
Construction
METAL FRAME
Total area
7,125 SF
Lot
2.07 ac (90,213 SF)
Zoning code
I
APN
037-291-30
UPID
US62-0381223
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
-
Papé Material Handling (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Pape Properties INC · 29 yrs held
Pape Properties INC
since 1996
7 recorded transactions
Zoning & alternative use
I · 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
$81 / 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
$14,464
Tax year 2023
Assessed value
$453,949
Assessed 2023
Previous assessed
$390,710
+16.2% YoY
Effective rate
3.19%
On assessed value
Assessed land
$284,171
Assessed improvement
$169,778
Land market value
$811,917
Improvement market value
$485,079
Total market value
$1,296,996
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1998
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
7,125 SF
Lot
2.07 ac (90,213 SF)
Zoning code
I
APN
037-291-30
UPID
US62-0381223
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.
Building & site characteristics
From public records
Year built
1998
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Pape Properties INC
Entity
Free & Clear · 29 yrs held
Mailing address
PO BOX 407, EUGENE, OR 97440-0407
Ownership since
1996
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
Aug 6, 1996
$361,000
Pape Properties INC
Dermody Industrial Group
Grant Deed
—
Nov 2, 1994
—
Dermody Industrial Group
Dermody Properties
Quit Claim Deed
related
—
Nov 1, 1994
$8,500,000
Demody Properties
Handleman Co
Grant Deed
—
Nov 22, 1993
$8,350,000
Handleman Co
Thrifty Reatly C
Grant Deed
—
—
—
Pape Properties INC
—
Deed Of Trust
related
$21,500,000 · Wells Fargo Bank
—
—
Pape Properties INC
—
Loan Modification
related
$27,000,000 · Wells Fargo Bank
—
—
Pape Properties INC
—
Deed Of Trust
related
$28,415,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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