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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Strip malls
2975 Vis Blvd Sparks, NV 89434-6798
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0442988
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
WOOD
Total area
5,120 SF
Lot
0.42 ac (18,333 SF)
Zoning code
C2
APN
030-032-17
UPID
US62-0442988
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
-
Imagine Cabinets LLC General Contractor
-
Mr Pickle's Sandwich Shop Take-out & Catering
-
Uplifted Tattoo Tattoo & Piercing Shop
-
Smok'n Ray's Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Fargo Atm Collective LLC · 22 yrs held
Fargo Atm Collective LLC
since 2004
3 recorded transactions
Zoning & alternative use
C2 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C2 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, li…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
258.18 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$270 / 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
$6,575
Tax year 2023
Assessed value
$239,150
Assessed 2023
Previous assessed
$206,315
+15.9% YoY
Effective rate
2.75%
On assessed value
Assessed land
$51,974
Assessed improvement
$187,176
Land market value
$148,497
Improvement market value
$534,789
Total market value
$683,286
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,120 SF
Lot
0.42 ac (18,333 SF)
Zoning code
C2
APN
030-032-17
UPID
US62-0442988
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NVZoning C2 · permitted uses
C2 · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C2 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, limited use centers should be integrated into the surrounding neighborhood.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
258.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Fargo Atm Collective LLC
Entity
Mailing address
7545 WHIMBLETON WAY, RENO, NV 89511-1042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2004
—
Fargo Atm Collective LLC
Estes,gary K
Quit Claim Deed
related
—
—
—
Gary K Estes
—
Deed Of Trust
related
$625,120 · Nevada State Bank
—
—
Gary K Estes
—
Deed Of Trust
related
$152,500 · 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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