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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Grocery and convenience stores
2808 Vis Blvd Sparks, NV 89434-8042
Individually Owned
19-yr Hold
Free & Clear
Property ID
US62-0456059
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Construction
WOOD
Total area
2,053 SF
Lot
0.93 ac (40,504 SF)
Zoning code
PD
APN
402-441-07
UPID
US62-0456059
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
-
Safeway Fuel Station Grocery & Convenience Store
-
Bluehouse Salmon (Bike/Boat/Book/etc) Store
-
Safeway FastShop Department Store
-
Renown Health Physical Therapy & Rehab - Vista Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$785k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Marketplace Sc Dandrea · 19 yrs held
Marketplace Sc Dandrea
since 2007
1 recorded transaction
Zoning & alternative use
PD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
PD provides for maximum environmental choice for the citizens of the City of Sparks by encouraging flexibility and creativity of design and a greater diversity of building types, open space arrangements and other aspects of land planning while, at the same time, preserving public welfare, health, and the general intent of the Master Plan.
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
3,431.07 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
by Request
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$725,000
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$436 / 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
$19,716
Tax year 2023
Assessed value
$573,309
Assessed 2023
Previous assessed
$498,644
+15.0% YoY
Effective rate
3.44%
On assessed value
Assessed land
$198,470
Assessed improvement
$374,839
Land market value
$567,056
Improvement market value
$1,070,968
Total market value
$1,638,024
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,053 SF
Lot
0.93 ac (40,504 SF)
Zoning code
PD
APN
402-441-07
UPID
US62-0456059
Jurisdiction
WASHOE
Zoning & alternative use
PD · Sparks, NVZoning PD · permitted uses
PD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
PD provides for maximum environmental choice for the citizens of the City of Sparks by encouraging flexibility and creativity of design and a greater diversity of building types, open space arrangements and other aspects of land planning while, at the same time, preserving public welfare, health, and the general intent of the Master Plan.
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
3,431.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Marketplace Sc Dandrea
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2007
$38,010,500
Marketplace Sc Dandrea
Dandrea Marketplace LLC
Grant Deed
—
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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