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Property profile & analytics
OFF-MARKET
Medical Office Space
4868 Sparks Blvd Ste 102 Sparks, NV 89436-8161
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0040471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
2,138 SF
Lot
0.06 ac (2,454 SF)
Zoning code
C2
APN
516-470-27
UPID
US62-0040471
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Diane M Thomas Md LLC · 1 yrs held
Diane M Thomas Md LLC
since 2025
7 recorded transactions
Zoning & alternative use
C2 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C2 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, li…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
258.18 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,039
Tax year 2023
Assessed value
$177,263
Assessed 2023
Previous assessed
$152,637
+16.1% YoY
Effective rate
3.41%
On assessed value
Assessed land
$37,415
Assessed improvement
$139,848
Land market value
$106,900
Improvement market value
$399,567
Total market value
$506,467
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
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,138 SF
Lot
0.06 ac (2,454 SF)
Zoning code
C2
APN
516-470-27
UPID
US62-0040471
Jurisdiction
WASHOE
Zoning & alternative use
C2 · Sparks, NVZoning C2 · permitted uses
C2 · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C2 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, limited use centers should be integrated into the surrounding neighborhood.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
258.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Diane M Thomas Md LLC
Entity
Mailing address
5431 SPANISH MOSS DR, SPARKS, NV 89436-2661
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Diane M Thomas Md LLC
Jack Scott Thomas
Bargain & Sale Deed
—
Aug 27, 2019
—
Thomas,jack S & Diane M L Trust
Thomas,diane M
Quit Claim Deed
related
—
Jun 15, 2016
—
Diane M Thomas
—
Deed
related
$348,300 · Bank Of America
Mar 26, 2010
—
Owner Name Unavailable
Vineyard Prof Campus
Grant Deed
—
Sep 28, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Aug 29, 2007
$547,500
Crazy Deer LLC
Vineyard Prof Campus LLC
Grant Deed
—
Aug 27, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Diane M Thomas
—
Deed Of Trust
related
$184,000 · Nevada State Development Corp
—
—
Diane M Thomas
—
Deed Of Trust
related
$348,300 · Bank Of America
—
—
4 Series
—
Deed Of Trust
related
$410,000 · First Independent Bank Nevada
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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