Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,175,000
Auto shops
254 Spg Crk Pkwy Spring Creek, NV 89815-5822
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0930498
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Total area
10,221 SF
Lot
1 ac (43,560 SF)
Zoning code
MULT
APN
040-002-005
UPID
US62-0930498
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
$4.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$4.18M
Owner & transaction history
Richard L Miller Properties LLC · 2 yrs held
Richard L Miller Properties LLC
since 2024
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
MULT · Spring Creek, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.7M
+203.1%
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 Spring Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Creek 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
$4,175,000
ML approach
$4,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,745,000
Change: +203% · Conversion: Easy
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±10% · vs last sale $4.17M (Apr 2 2024)
Last sale anchor
$4.17M
Apr 2 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
$408 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,471
Tax year 2024
Assessed value
$808,210
Assessed 2024
Previous assessed
$808,210
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$14,000
Assessed improvement
$794,210
Land market value
$40,000
Improvement market value
$2,269,171
Total market value
$2,309,171
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2007
Heating
NONE
Stories
1
Units
1
Total area
10,221 SF
Lot
1 ac (43,560 SF)
Zoning code
MULT
APN
040-002-005
UPID
US62-0930498
Jurisdiction
ELKO
Zoning & alternative use
MULT · Spring Creek, NV
Zoning MULT · permitted uses
MULT · Spring Creek, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$5.7M
INDUSTRIAL (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
2007
Heating
NONE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Richard L Miller Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2455 W MAIN ST, TREMONTON, UT 84337-9335
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$4,172,500
Richard L Miller Properties LLC
Tri R&s Holdings LLC
Bargain And Sale Deed
—
Jun 27, 2023
—
Tri R&s Holdings LLC
—
Deed
related
$2,200,000 · Mountain America FCU
Dec 29, 2017
—
Tri-r & S Holdings LLC
—
Deed
related
$3,171,095 · Mountain America FCU
Sep 14, 2004
—
Drita M Ollo
Ollo,benedict S
Affidavit Of Death
related
—
Sep 14, 2004
$60,000
Tri-r & S Holdings LLC
Ollo,drita M
Grant Deed
related
—
—
—
Tri-r & S Holdings LLC
—
Loan Modification
related
$3,171,095 · Mountain America FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 254 Spg Crk Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
