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Property profile & analytics
OFF-MARKET
Estimated value
$26,935,000
Industrial properties
420 Ingenuity Ave Ste 100 Sparks, NV 89441-5237
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0755289
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2023
Construction
METAL FRAME
Total area
195,000 SF
Lot
11.18 ac (487,175 SF)
Zoning code
I
APN
538-162-01
UPID
US62-0755289
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
$16.19M
Comparable Approach
Comparable
$30.58M
Blend (final)
Blend
$26.94M
Owner & transaction history
1095 Spice Island LLC · 1 yrs held
1095 Spice Island LLC
since 2025
Last sale
$35.1M
4 recorded transactions
Zoning & alternative use
I · 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
$21,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,540,000
6.5%
$16,190,000
7%
$15,035,000
Blend value · Realmo final
$26.94M
Range $24.24M – $29.63M · ±10% · vs last sale $35.10M (May 6 2025)
Last sale anchor
$35.10M
May 6 2025
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
$138 / 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
$15,627
Tax year 2023
Assessed value
$1,180,183
Assessed 2023
Previous assessed
$511,732
+130.6% YoY
Effective rate
1.32%
On assessed value
Assessed land
$511,534
Assessed improvement
$668,649
Land market value
$1,461,525
Improvement market value
$1,910,425
Total market value
$3,371,950
Applied tax rate
4,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2023
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
195,000 SF
Lot
11.18 ac (487,175 SF)
Zoning code
I
APN
538-162-01
UPID
US62-0755289
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.
Building & site characteristics
From public records
Year built
2023
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
11.18 ac
Current owner
From public records · entity-resolved
1095 Spice Island LLC
Entity
Mailing address
980 SANDHILL RD #100, RENO, NV 89521-3909
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$35,100,000
1095 Spice Island LLC
Ingenuity 200 Industrial LLC
Bargain & Sale Deed
$12,500,000 · Wells Fargo Bank NA
Nov 10, 2022
—
Ingenuity 200 Industrial LLC
—
Deed
related
$19,920,308 · Fifth Third Bank NA
Jun 10, 2022
$2,824,604
Ingenuity 200 Industrial LLC
420 Ingenuity Avenue LLC
Bargain And Sale Deed
—
Mar 20, 2015
$1,350,000
Turtle Re Investments Fund II
Spanish Springs Associates LP
Grant Deed
—
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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