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Property profile & analytics
OFF-MARKET
Flex space
506 El Rancho Dr Sparks, NV 89431-4136
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0088899
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Construction
METAL FRAME
Total area
2,464 SF
Lot
1.59 ac (69,260 SF)
Zoning code
MUD
APN
031-241-35
UPID
US62-0088899
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
-
Security Public Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
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
Security Public Storage Sparks LLC · 10 yrs held
Security Public Storage Sparks LLC
since 2015
5 recorded transactions
Zoning & alternative use
MUD · 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
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
$11,705
Tax year 2023
Assessed value
$350,631
Assessed 2023
Previous assessed
$295,664
+18.6% YoY
Effective rate
3.34%
On assessed value
Assessed land
$169,687
Assessed improvement
$180,944
Land market value
$484,820
Improvement market value
$516,982
Total market value
$1,001,802
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1963
Construction
METAL FRAME
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
9
Total area
2,464 SF
Lot
1.59 ac (69,260 SF)
Zoning code
MUD
APN
031-241-35
UPID
US62-0088899
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
1963
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
9
Lot
1.59 ac
Current owner
From public records · entity-resolved
Security Public Storage Sparks LLC
Entity
Mailing address
51 FEDERAL ST STE #202, SAN FRANCISCO, CA 94107-1447
Ownership since
2015
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
Jan 6, 2026
—
Security Public Storage Sparks LLC
—
Deed
related
$7,000,000 · German American Capital Corp
Dec 31, 2015
—
Security Public Storage Sparks LLC
Security Public Storage Sparks LLC
Intrafamily Transfer
related
$3,800,000 · Wells Fargo Bank NA
Mar 15, 2000
$3,525,000
Eisler Trust
Guardsman Storage Associates
Trustees Deed
—
Mar 15, 2000
$1,212,000
Security Public Storage
Orwitz Trust
Trustees Deed
related
—
Jun 9, 1998
—
Guardsmen Storage Associates
—
Deed Of Trust
related
$2,000,000 · Belgravia Capital Corp
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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