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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail residential properties
325 Harbour Cv Dr Ste 201 Sparks, NV 89434-7859
Entity Owned
11-yr Hold
Free & Clear
Property ID
US62-0257157
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2002
Construction
WOOD
Total area
3,474 SF
Lot
0.07 ac (2,954 SF)
Zoning code
PD
APN
037-382-08
UPID
US62-0257157
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
$740k
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$635k
Owner & transaction history
Landcap Sparks IV LLC · 11 yrs held
Landcap Sparks IV LLC
since 2014
7 recorded transactions
Zoning & alternative use
PD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,055,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$960,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$183 / 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
$5,469
Tax year 2023
Assessed value
$151,780
Assessed 2023
Previous assessed
$142,918
+6.2% YoY
Effective rate
3.60%
On assessed value
Assessed land
$29,776
Assessed improvement
$122,004
Land market value
$85,075
Improvement market value
$348,582
Total market value
$433,657
Applied tax rate
2,002.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
3,474 SF
Lot
0.07 ac (2,954 SF)
Zoning code
PD
APN
037-382-08
UPID
US62-0257157
Jurisdiction
WASHOE
Zoning & alternative use
PD · Sparks, NV
Zoning PD · permitted uses
PD · 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
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
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
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Landcap Sparks IV LLC
Entity
Free & Clear · 11 yrs held
Mailing address
27132 PASEO ESPADA STE B1226, SAN JUAN CAPISTRANO, CA 92675-6769
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2019
—
Landcap Sparks IV LLC
—
Loan Modification
related
$3,000,000 · Heritage Bk/nv
Dec 9, 2014
$1,375,000
Landcap Sparks IV LLC
Sac II
Grant Deed
—
Nov 21, 2014
$600,797
Sac II
Marina Commercial Office LLC
Deed In Lieu Of Foreclosure
related
—
Jun 18, 2013
—
Robert Ghisletta
Tax Receiver Of Washoe County
Tax Deed
related
—
Feb 11, 2010
$680,000
Marina Commercial Offices LLC
Marina Village LLC
Grant Deed
$566,000 · Specialty Mortgage Corp
Mar 30, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Landcap Sparks IV LLC
—
Deed Of Trust
related
$2,100,000 · Heritage Bk/nv
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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