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Property profile & analytics
FOR LEASE
Medical Office Space
4650 Wedekind Rd Sparks, NV 89431
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0368793
For Lease
1 / 3
$15.60 SF/Yr
4650 Wedekind Rd, Sparks, NV 89431
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
WOOD
Total area
4,032 SF
Lot
0.77 ac (33,498 SF)
Zoning code
PO
APN
027-041-04
UPID
US62-0368793
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
-
Emergency Dentist 24/7 Dental Office
-
A Beautiful Smile Dental Office
-
A Beautiful Smile: Huckabay Gail Dental Office
-
AWE Communities Association / Organization
-
The Darson Group Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$905k
Owner & transaction history
Elizabeth A F Bray P LLC · 1 yrs held
Elizabeth A F Bray P LLC
since 2025
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
PO · 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
$985,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,410,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $850k (Feb 9 2021)
Last sale anchor
$850k
Feb 9 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
$224 / 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
$8,473
Tax year 2023
Assessed value
$337,724
Assessed 2023
Previous assessed
$294,148
+14.8% YoY
Effective rate
2.51%
On assessed value
Assessed land
$123,105
Assessed improvement
$214,619
Land market value
$351,729
Improvement market value
$613,196
Total market value
$964,925
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,032 SF
Lot
0.77 ac (33,498 SF)
Zoning code
PO
APN
027-041-04
UPID
US62-0368793
Jurisdiction
WASHOE
Zoning & alternative use
PO · Sparks, NV
Zoning PO · permitted uses
PO · 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
MEDICAL BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING Current
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Elizabeth A F Bray P LLC
Entity
Mailing address
1323 BROOKRIDGE CT, RENO, NV 89509-7110
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
—
Elizabeth A F Bray P LLC
Bray Investments LLC
Deed
$530,000 · Harvest Small Business Finance LLC
Feb 9, 2021
$850,000
Bray Investments LLC
R Dean Webber
Bargain And Sale Deed
$945,000 · Ready Capital Corp
Jun 25, 1998
—
Trut Webber
—
Grant Deed
related
$585,000 · Nevada State Bank
Jun 15, 1993
$135,000
Webber R D
Brierley,michael
Grant Deed
$108,000 · Seller
—
—
Webber R D
—
Deed Of Trust
related
$100,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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