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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Warehouses
275 Prater Way Sparks, NV 89431-4674
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0232584
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD
Total area
7,500 SF
Lot
2.35 ac (102,453 SF)
Zoning code
MUD
APN
033-152-15
UPID
US62-0232584
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
-
About Time Truck and Trailer Repair Mobile service Auto Repair Shop
-
Yovica Vehicle Towings Auto Parts Store Discount Store
-
iStorage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.57M
Owner & transaction history
Nsa Property Holdings LLC · 4 yrs held
Nsa Property Holdings LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+106.8%
Industrial (general)
$2.2M
+80.8%
Retail stores
$2.0M
+67.9%
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
$1,750,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,475,000
Change: +107% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,165,000
Change: +81% · Conversion: Easy
RETAIL STORES
$2,010,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$1,940,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.51M (Oct 5 2021)
Last sale anchor
$1.51M
Oct 5 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
$209 / 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
$22,208
Tax year 2023
Assessed value
$642,520
Assessed 2023
Previous assessed
$561,451
+14.4% YoY
Effective rate
3.46%
On assessed value
Assessed land
$251,012
Assessed improvement
$391,508
Land market value
$717,178
Improvement market value
$1,118,594
Total market value
$1,835,772
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
7
Total area
7,500 SF
Lot
2.35 ac (102,453 SF)
Zoning code
MUD
APN
033-152-15
UPID
US62-0232584
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
2.35 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Mailing address
8400 E PRENTICE AVE #9, GREENWOOD VILLAGE, CO 80111-2912
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
$1,512,089
Nsa Property Holdings LLC
Lucky 7 Equity LLC
Special Warranty Deed
—
Jan 11, 2018
—
Lucky 7 Equity LLC
—
Grant Deed
related
$86,000,000 · Bank Of America
Sep 30, 2014
$1,304,500
Lucky 7 Equity LLC
Prater Way Storage LLC
Bargain And Sale Deed
$71,400,000 · Mc Five Commercial Mortgage Finance
Feb 25, 2010
$2,100,000
Prater Way Storage LLC
Douglas Family Trust
Grant Deed
—
Aug 29, 2006
—
Douglas Family Trust
Douglas,mike & Lisa
Quit Claim Deed
related
—
Feb 5, 1998
$751,500
Douglas,michael & Lisa
Manourkian Trust
Trustees Deed
$1,125,000 · Pioneer Citizens Bank Nevada
Feb 11, 1997
$107,000
Manoukian Trust
Baruck,robert M
Grant Deed
—
Jul 25, 1995
$596,500
Robert M Baruck
Prater Way Minis LLC
Grant Deed
—
Feb 1, 1995
$650,500
Manoukian Trust
Banks,dennis J & Susan T
Grant Deed
—
Nov 15, 1989
$350,000
Dennis J Banks
Unknown
Grant Deed
—
—
—
Prater Way Storage LLC
—
Deed Of Trust
related
$1,365,000 · Bank Of America
—
—
Michael Douglas
—
Deed Of Trust
related
$1,600,000 · Jackson Federal 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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