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Property profile & analytics
OFF-MARKET
Estimated value
$11,135,000
Flex space
2845 Vis Blvd Sparks, NV 89434-8014
Entity Owned
6-yr Hold
Property ID
US62-0463443
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,429 SF
Lot
7.24 ac (315,462 SF)
Zoning code
C2
APN
030-032-09
UPID
US62-0463443
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
-
Vista Park Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.14M
Owner & transaction history
Mini World LLC · 6 yrs held
Mini World LLC
since 2020
Last sale
$9.4M
6 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
$13,310,000
ML approach
$12,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.14M
Range $10.02M – $12.25M · ±10% · vs last sale $9.40M (Jan 24 2020)
Last sale anchor
$9.40M
Jan 24 2020
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
$7,792 / 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
$61,376
Tax year 2023
Assessed value
$1,823,863
Assessed 2023
Previous assessed
$1,549,354
+17.7% YoY
Effective rate
3.37%
On assessed value
Assessed land
$772,882
Assessed improvement
$1,050,981
Land market value
$2,208,234
Improvement market value
$3,002,804
Total market value
$5,211,038
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
32
Stories
1
Units
32
Bathrooms
3
Total area
1,429 SF
Lot
7.24 ac (315,462 SF)
Zoning code
C2
APN
030-032-09
UPID
US62-0463443
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NV
Zoning C2 · permitted uses
C2 · 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
32
Units
32
Bathrooms
3
Lot
7.24 ac
Current owner
From public records · entity-resolved
Mini World LLC
Entity
Mailing address
950 S ROCK BLVD, SPARKS, NV 89431-5922
Ownership since
2020
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
May 7, 2021
—
Mini World LLC
—
Deed
related
$9,800,000 · Bank Of America NA
Jan 24, 2020
$9,400,000
Mini World LLC
Baring Vista Partnership
Bargain And Sale Deed
$6,740,300 · Umpqua Bank
—
—
Baring Vista Ptshp
—
Deed Of Trust
related
$850,000 · Pioneer Citizens Bank Nevada
—
—
Baring Vista Partnership
—
Deed Of Trust
related
$776,300 · Fountain Trust
—
—
Baring Vista Ptshp
—
Deed Of Trust
related
$883,165 · Barker Brad R Family Trust (pt
—
—
Baring Vista Partnership
—
Deed Of Trust
related
$1,360,000 · Nevada State 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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