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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Strip malls
278 Spg Crk Pkwy Spring Creek, NV 89815-5870
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0920143
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
7,596 SF
Lot
2 ac (87,120 SF)
Zoning code
MULT
APN
050-002-002
UPID
US62-0920143
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Cjm Limited Liability Partnership · 1 yrs held
Cjm Limited Liability Partnership
since 2025
7 recorded transactions
Zoning & alternative use
MULT · Spring Creek, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,035,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$835,000
Change: 0% · Conversion: Difficult
RESTAURANT
$775,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$670,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$109 / 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
$28,234
Tax year 2024
Assessed value
$1,298,237
Assessed 2024
Previous assessed
$1,298,237
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$25,480
Assessed improvement
$1,272,757
Land market value
$72,800
Improvement market value
$3,636,449
Total market value
$3,709,249
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Heating
YES
Buildings
3
Stories
1
Units
3
Total area
7,596 SF
Lot
2 ac (87,120 SF)
Zoning code
MULT
APN
050-002-002
UPID
US62-0920143
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
$1.0M
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING
Est. value
$835,000
RESTAURANT
Est. value
$775,000
RETAIL STORES
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$585,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2010
Heating
YES
Stories
1
Buildings
3
Units
3
Lot
2 ac
Current owner
From public records · entity-resolved
Cjm Limited Liability Partnership
Entity
Mailing address
PO BOX 536, EUREKA, NV 89316-0536
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
$5,100,000
Cjm Limited Liability Partnership
Sctc Series LLC
Bargain & Sale Deed
—
Nov 1, 2024
—
Ridleys Family Markets INC
3qs Sctc Series LLC
Deed
$109,000,000 · Zb NA
Dec 4, 2019
—
3qs Sctc Series LLC
—
Deed
related
$1,500,000 · Us Bk
Apr 28, 2017
—
3 Qs Sctc Series LLC
Filippini Family Trust
Quit Claim Deed
related
—
Nov 21, 2014
$4,250,000
Filippini Family Trust
Spring Creek Towne Center LLC
Bargain And Sale Deed
—
May 1, 2012
—
Spring Creek Towne Center LLC
Bailey & Sons Inv Co LLC
Grant Deed
—
Mar 2, 2009
—
Bailey & Sons Inv Co LLC
Crest Heights Co Of Nevada
Grant Deed
—
Jun 7, 2007
$110,000
Crest Heights Co Of Nevada INC
Dilulo,michael C & Kelly L
Grant Deed
—
—
—
3qs Sctc Series LLC
—
Loan Modification
related
$1,500,000 · Us Bk
—
—
Spring Creek Towne Center LLC
—
Deed Of Trust
related
$875,000 · Nevada Bank & Trust Co
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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