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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Industrial properties
360 Freeport Blvd Sparks, NV 89431-6224
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0211746
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,480 SF
Lot
2.19 ac (95,484 SF)
Zoning code
I
APN
034-342-07
UPID
US62-0211746
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
-
ABC Vending Big Box & Wholesale Store
-
New Beginnings Custom Uphlstry Furniture & Home Goods
-
Victory Outreach Reno, Inc. Church
-
Denison Auto Interiors Furniture & Home Goods
-
Sunrise Distributors Bakery Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.29M
Blend (final)
Blend
$7.33M
Owner & transaction history
Dig Reno 340 360 Freeport LLC · 2 yrs held
Dig Reno 340 360 Freeport LLC
since 2024
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+95.6%
Medical building
$6.5M
+21.2%
Apartment house (5+ units)
$6.1M
+14.4%
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
$7,330,000
ML approach
$7,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,330,000
Current use
RESTAURANT
$10,430,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$6,465,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,100,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$4,950,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$4,775,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,635,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±10% · vs last sale $7.33M (Apr 12 2024)
Last sale anchor
$7.33M
Apr 12 2024
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
$397 / 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
$19,265
Tax year 2023
Assessed value
$570,902
Assessed 2023
Previous assessed
$570,902
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$300,771
Assessed improvement
$270,131
Land market value
$859,347
Improvement market value
$771,804
Total market value
$1,631,151
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
18,480 SF
Lot
2.19 ac (95,484 SF)
Zoning code
I
APN
034-342-07
UPID
US62-0211746
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RESTAURANT
Est. value
$10.4M
MEDICAL BUILDING
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.19 ac
Current owner
From public records · entity-resolved
Dig Reno 340 360 Freeport LLC
Entity
Mailing address
6725 VIA AUSTI PKWY STE #365, LAS VEGAS, NV 89119-3553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$7,329,577
Dig Reno 340 360 Freeport LLC
Cal Linda Freeport LLC
Bargain And Sale Deed
$4,196,644 · Cal-linda Freeport LLC
Dec 29, 2023
—
Dig Acquisitions LLC
Cal Linda Freeport LLC
Agreement Of Sale
—
Nov 29, 2018
—
Cal-linda Freeport LLC
—
Deed
related
$2,000,000 · Heritage Bk/nv
Apr 13, 2009
—
Ribeiro Loralee 2000 Trust
Ribeiro,loralee
Quit Claim Deed
—
Jun 11, 2001
—
Arroyo Trust
A & R LP
Grant Deed
related
—
Jun 11, 2001
$3,211,833
Arroyo,tr
—
Trustees Deed
related
—
Jun 5, 2001
$157,000
Arroyo Trust
A & R LP
Grant Deed
—
Jun 5, 2001
—
Bertha M Moreno Family LP
Arroyo Trust
Grant Deed
related
—
—
—
Cal-linda Freeport LLC
—
Deed Of Trust
related
$480,000 · Heritage Bk/nv
—
—
Cal-linda Freeport LLC
—
Deed Of Trust
related
$2,000,000 · 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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