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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail space
52 Freeport Blvd Sparks, NV 89431-6305
Individually Owned
Free & Clear
Property ID
US62-0461017
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
METAL FRAME
Total area
2,520 SF
Lot
0.35 ac (15,159 SF)
Zoning code
I
APN
034-252-08
UPID
US62-0461017
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
-
Superior Steel Fabrication Factory Production Facility
-
Premium Lawn & Landscape's Landscaping General Contractor
-
D & M Freight Systems Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$557k
Blend (final)
Blend
$500k
Owner & transaction history
Ft&s Limited
Ft&s Limited
since 2025
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 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
Method
Estimation
Statistic approach
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
OFFICE BUILDING
$650,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$630,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$198 / 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
$1,883
Tax year 2023
Assessed value
$67,613
Assessed 2023
Previous assessed
$57,719
+17.1% YoY
Effective rate
2.78%
On assessed value
Assessed land
$55,710
Assessed improvement
$11,903
Land market value
$159,170
Improvement market value
$34,009
Total market value
$193,179
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
2,520 SF
Lot
0.35 ac (15,159 SF)
Zoning code
I
APN
034-252-08
UPID
US62-0461017
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NVZoning I · permitted uses
I · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$585,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1979
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Ft&s Limited
Individual
Free & Clear · 0 yrs held
Mailing address
9920 HIGHBALL CT, SPARKS, NV 89441-5609
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Ft&s Limited
The Torres Family Trust
Quitclaim Deed
related
—
Aug 31, 2023
—
Frank Cruz Torres
Frank Cruz Torres
Intrafamily Transfer
related
—
Sep 2, 2021
—
Frank Cruz Torres
—
Deed
related
$189,000 · Nevada State Development Corporation
Mar 31, 2021
—
Frank Cruz Torres
Qeaa Allied Exchange Forty Four LLC
Bargain And Sale Deed
$262,500 · Heritage Bank Of Nevada
Feb 26, 2021
$525,000
Qeaa Allied Exchange Forty Four LLC
Smd Holdings LLC
Bargain And Sale Deed
—
Feb 25, 2020
—
Smd Holdings LLC-series A
Smd Holdings INC
Quit Claim Deed
—
Apr 15, 2015
$300,000
Smd Holdings LLC
Wilson Robert A
Grant Deed
$240,000 · Silver Street Holdings LLC
Dec 4, 2012
—
Robert A Wilson
Wilson,nancy P
Affidavit Of Death
related
—
—
—
Robert A Wilson
—
Deed Of Trust
related
$142,500 · 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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