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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Office buildings
485 Sparks Blvd Sparks, NV 89434-9002
Individually Owned
1-yr Hold
Free & Clear
Property ID
US62-0466860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
494 SF
Lot
1.49 ac (65,079 SF)
Zoning code
NUD
APN
037-400-10
UPID
US62-0466860
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
-
Surf Thru Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Regional Transportation Commission · 1 yrs held
Regional Transportation Commission
since 2025
Last sale
$1.1M
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
$980,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (Dec 11 2020)
Last sale anchor
$1.10M
Dec 11 2020
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
$2,257 / 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
$25,975
Tax year 2023
Assessed value
$784,895
Assessed 2023
Previous assessed
$669,868
+17.2% YoY
Effective rate
3.31%
On assessed value
Assessed land
$355,217
Assessed improvement
$429,678
Land market value
$1,014,905
Improvement market value
$1,227,652
Total market value
$2,242,557
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
494 SF
Lot
1.49 ac (65,079 SF)
Zoning code
NUD
APN
037-400-10
UPID
US62-0466860
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Regional Transportation Commission
Individual
Free & Clear · 1 yrs held
Mailing address
11837 BOLTHOUSE DR STE #400, BAKERSFIELD, CA 93311-8898
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Regional Transportation Commission
Surf Thru INC
Bargain & Sale Deed
—
May 17, 2024
—
Surf Thru INC
—
Deed
related
$175,000,000 · Pnc Bank NA
Dec 11, 2020
$1,100,000
Surf Thru Iinc
Vip Fund II LLC
Grant Deed
—
Apr 5, 2019
$767,500
Vip Fund II LLC
Big Sparks Pads LLC
Grant Deed
—
Aug 7, 2017
$1,080,000
Red Sparks Pads LLC
Sparks Legends Dev INC
Grant Deed
—
Jun 24, 2016
—
Sparks Legends Dev INC
—
Deed
related
$43,000,000 · Keybank USA
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 USA
—
—
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
—
—
Sparks Legends Dev INC
—
Loan Modification
related
$43,000,000 · Keybank USA
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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