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Property profile & analytics
OFF-MARKET
Estimated value
$6,480,000
Warehouses
30 Victorian Ave Sparks, NV 89431-5407
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0470947
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
METAL FRAME
Total area
16,540 SF
Lot
0.87 ac (37,956 SF)
Zoning code
MUD
APN
033-391-09
UPID
US62-0470947
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
-
West Coast Self-Storage Sparks Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.48M
Owner & transaction history
Nwb Sparks LLC · 4 yrs held
Nwb Sparks LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+253.5%
Medical building
$5.8M
+119.1%
Apartment house (5+ units)
$5.5M
+106.8%
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
$6,950,000
ML approach
$6,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,335,000
Change: +254% · Conversion: Difficult
MEDICAL BUILDING
$5,785,000
Change: +119% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,460,000
Change: +107% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,770,000
Change: +81% · Conversion: Easy
RETAIL STORES
$4,435,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$4,275,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.13M · ±10% · vs last sale $6.00M (Nov 12 2021)
Last sale anchor
$6.00M
Nov 12 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
$392 / 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
$17,943
Tax year 2023
Assessed value
$525,709
Assessed 2023
Previous assessed
$453,825
+15.8% YoY
Effective rate
3.41%
On assessed value
Assessed land
$126,204
Assessed improvement
$399,505
Land market value
$360,582
Improvement market value
$1,141,442
Total market value
$1,502,024
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
METAL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
16,540 SF
Lot
0.87 ac (37,956 SF)
Zoning code
MUD
APN
033-391-09
UPID
US62-0470947
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
RESTAURANT
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
MEDICAL BUILDING
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
1996
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Nwb Sparks LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10230 NE PTS DR STE #410, KIRKLAND, WA 98033-7897
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Nwb Sparks LLC
—
Deed
related
$3,500,000 · River City Bank
Nov 12, 2021
$6,000,000
Nwb Sparks LLC
William Jenkins
Bargain And Sale Deed
—
Nov 5, 2021
—
William Jenkins
William Jenkins
Intrafamily Transfer
related
—
May 22, 2020
—
Richard Scott Werschky
—
Deed
related
$1,315,000 · Merchants Bank Of Commerce
Apr 25, 2019
—
Werschky,richard & Mary F Trust
Werschky,richard S & Mary M
Quit Claim Deed
related
—
Jul 27, 2015
—
Richard Scott Werschky
Richard Scott Werschky
Intrafamily Transfer
related
$1,468,000 · Northern California National Bank
May 14, 2014
—
Daniel R Kennedy
Kennedy,rhonda K
Quit Claim Deed
related
—
May 13, 2014
$416,500
Daniel R Kennedy
Richard Scott Werschky
Bargain And Sale Deed
$1,079,000 · Northern California National Bank
Aug 7, 2013
$1,041,000
Daniel R Kennedy
Aussie Self Storage LLC
Grant Deed
$200,000 · Aussie Self Storage LLC
Aug 7, 2013
—
Daniel R Kennedy
Kennedy,rhonda K
Quit Claim Deed
related
—
Mar 26, 1998
$1,400,000
Aubbie Self Storage LLC
Nevada Storage INC
Grant Deed
$900,000 · First Security Commercial
Aug 4, 1994
$75,000
Avalon Investments INC
Chevron USA INC
Grant Deed
$100,000 · Individual
—
—
Nevada Storage INC
—
Deed Of Trust
related
$90,000 · Stefun Trust
—
—
Nevada Storage INC
—
Deed Of Trust
related
$172,500 · Avalon Self Storage
—
—
Aussie Self Storage LLC
—
Deed Of Trust
related
$900,000 · Republic Wstrn Ins 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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