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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Strip malls
475 Sparks Blvd Sparks, NV 89434-9002
Individually Owned
1-yr Hold
Free & Clear
Property ID
US62-0460157
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Construction
WOOD
Total area
5,909 SF
Lot
1.12 ac (48,787 SF)
Zoning code
NUD
APN
037-400-11
UPID
US62-0460157
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
-
Sparks Marina Dentistry Dental Office
-
Dr. Ali Shahrestani Dental Office
-
Jimmy John's Take-out & Catering
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Dr. Kevin Flannery Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$1.14M
Owner & transaction history
Regional Trans Commission Of Washoe · 1 yrs held
Regional Trans Commission Of Washoe
since 2024
7 recorded transactions
Zoning & alternative use
NUD · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$193 / 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
$22,874
Tax year 2023
Assessed value
$682,825
Assessed 2023
Previous assessed
$682,825
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$332,931
Assessed improvement
$349,894
Land market value
$951,230
Improvement market value
$999,696
Total market value
$1,950,926
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,909 SF
Lot
1.12 ac (48,787 SF)
Zoning code
NUD
APN
037-400-11
UPID
US62-0460157
Jurisdiction
WASHOE
Zoning & alternative use
NUD · Sparks, NV
Zoning NUD · permitted uses
NUD · 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
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Regional Trans Commission Of Washoe
Individual
Free & Clear · 1 yrs held
Mailing address
2200 PASEO VERDE PKWY STE #260, HENDERSON, NV 89052-2703
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Regional Trans Commission Of Washoe
White Sparks LLC
Bargain & Sale Deed
—
Nov 18, 2024
$3,254,532
White Sparks LLC
Legends At Sparks Venture LLC
Bargain & Sale Deed
$1,850,000 · Us Bank NA
May 24, 2024
$27,000,000
Legends At Sparks Venture LLC
Sparks Grf2 LLC
Bargain And Sale Deed
$17,650,000 · Rra Real Estate Debt Fund III Subsidiary
May 3, 2016
$29,800,000
Sparks Grf2 LLC
Sparks Legends Dev INC
Grant Deed
$19,370,000 · Bank Of America
Dec 31, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Sparks Legends Dev INC
—
Deed Of Trust
related
$59,760,000 · Keybank Nat'l Assn/edgewood
—
—
Sparks Legends Dev INC
—
Deed Of Trust
related
$15,000,000 · Western Alliance Bk
—
—
Sparks Legends Dev INC
—
Deed Of Trust
related
$72,500,000 · Key Bank & Trust
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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